Have you ever thought what Talent Management does to your business? We all know that employees are the most valuable asset of every company, but the question remains, do we truly value them?
Firstly, for this we need to establish a Talent Management process in every aspect of our business’ process and culture, from recruitment to performance management and succession planning. Soon it will be clear that the more effectively we manage and value our employees the better ROI we will see. A low staff turnover and increased profitability will also soon be seen. According to a report published by Oxford Economics in 2014, replacing an employee can cost a business up to US50 000.
Learn more about Talent Spotting, How to Engage your Talent and Talent Management Data in this Deltek Article
Download the e-book ‘Top 10 Recruiting Metrics HR Should Care About’ to get more information on Talent Management metrics.