The definition of talent management has become a bit like Justice Potter Stewart's definition of pornography: "I know it when I see it." While reasonable minds can disagree on subtleties, at the core, talent management is about the attraction, retention and development of employees. Measuring talent management effectiveness requires knowing the answer to questions such as "Is the organization attracting better quality applicants?" or "Is the organization retaining its most productive employees?"
With this general talent management definition in mind, the Institute for Corporate Productivity (i4cp) launched a study in April 2010 to understand how organizations were measuring the effectiveness of their talent management efforts. More than 400 business and HR professionals participated in the Talent Management Measurement survey, which yielded a dreary snapshot of the current state of the field.
The rest of the article is available in the January 2011 edition of Talent Management magazine. Read the full New Year, New Measurement Challenges article.