There's no denying that proper integrated talent management benefits organizations, but it's not enough to just have a system; the data needs to flow in a correct format and be linked to specific business outcomes. This is just one of the challenges tackled in the new Talent Management Playbook
from the Institute for Corporate Productivity (i4cp).
The new publication examines the core problems organizations face with their talent management programs and presents actionable solutions based on a study commissioned by the American Society for Training & Development (ASTD) and conducted by i4cp. The resulting data has been combined with expert analysis, practitioner knowledge and company practices. With fewer than 20% of organizations ranking their ability to manage talent effectively to a high or very high extent, the Talent Management Playbook
will serve as an instrumental tool to organizations looking to make an impact at the strategic level.
Darden (DRI), Capital One (COF), Pratt & Whitney, Just Born Inc., Harley Davidson (HOG), Grant Thornton and AT&T/Cingular (ATT) are some of the companies highlighted in the report, providing insight into what makes their integrated talent management platforms successful. The practices of these organizations, combined with i4cp's research, offer insight into how high-performing organizations are driving business results through their human capital function.
The report explores and provides solutions to these five key challenges that many organizations face:
- There is no universal consensus on the definition of talent management (TM), and its meaning can vary even within organizations.
- Organizations that integrate talent management are more effective and successful, yet few organizations report they have successfully done so.
- Talent management may lack the support of senior leadership, and there may be failure to designate executive-level accountability for managing talent.
- Even in organizations that have designated accountability for TM leadership, line management may be lacking the expertise necessary to carry out TM effectively.
- An organization may lack the measurement tools needed to accurately track and assess TM processes.
The Talent Management Playbook is an important tool in any organization's arsenal. It is currently available only to i4cp corporate members. For access to the report or the i4cp network of organizations, please contact us.