If you are like most HR leaders, finding the RIGHT people is a priority, but it’s also a top business challenge. In today’s brutal business climate, you have to find the best candidates, onboard them efficiently, keep them moving ahead, and keep your vision on the far horizon. It’s a demanding task, but the right Talent Management solution has both the competitive advantage and force-multiplier to achieve success.

What is Talent Management? Talent Management refers to the HR processes your company uses to attract top talent, develop highly-skilled employees, and manage training requirements. It takes everyone’s collaborative effort on your team, and ideally, a hiring and onboarding system that does the work for you.

Why is this important? According to SHRM’s Talent Acquisition Benchmark Report, the average time to hire a new employee is 36 days and an estimated $4,000. This doesn’t include the time it takes to onboard and train employees. If you think about your company’s talent management processes, you can probably think of several inefficiencies that lead to delays in recruitment, high employee turnover rates, and managers feeling overwhelmed with copious tasks and little return on investment.

Getting the right talent and providing the tools for success is hard. But by using a strategic approach to talent management with innovative software, you can streamline your HR processes and strengthen your workforce. Best practices in Talent Management consists of 3 pillars. These principles have been confirmed by many years of research and practical experience. The pillars are:

• Talent Acquisition (Recruiting)
• Talent Development (Training)
• Talent Management Insight (Analytics)

These areas continue to challenge HR leaders and pressure organizations to improve continuously.

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