Taleo Corporation (News - Alert) has teamed up with Human Capital Institute (HCI) to research the business impact of Talent Intelligence. The companies recently release a report of their findings which was based on a large survey that covered over 600 global organizations.
The researched focused on the wide spread business impact of talent intelligence and the link between its implementation and results shown in the corporate performance. In a release, David Wilkins, vice president of research at Taleo, said, “As evidenced in this report, Talent Intelligence is a driver of business success and an essential link between HR, business leadership, and the human capital that drives our knowledge economy. The digitized workplace of the 21st century produces incredible amounts of talent-related data. Those who take advantage of this can rapidly differentiate themselves and gain strategic advantages over organizations that disregard it."
Some of the key findings of this report reveal that organizations that rated themselves "proficient" in workforce data analysis were far more likely to rate their business leaders as "satisfied" with the data, to draw connections between retention and recruiting, and to calculate HR's impact on business strategy; Organizations that rated themselves "proficient" in workforce data were more likely to outperform those who rated themselves as "deficient" at workforce data analysis and among those organizations proficient at analyzing workforce data, more than 75 percent are successfully addressing the workforce data needs of their businesses versus just 39 percent of less proficient organizations, suggesting that leaders require Talent Intelligence that is accurate, insightful, and actionable to drive organizational success.
The report confirms that Talent Intelligence is one of the key factors in this current super-competitive environment where the people resources of a company serve as the chief means of production.
The research also revealed that just 43 percent of respondents believe their organizations are adept at analyzing workforce data, and nearly half indicated their business leaders were dissatisfied with the data provided to them, underscoring the fact that workforce data analytics remain an important development opportunity for many companies.
Edited by Rich Steeves