A survey exploring the value that businesses and HR departments place on talent information and its availability has found that a worrying number of companies do not have access to reliable information on crucial workforce issues.
Although most companies measure time to hire, only 33% have access to reliable data on the quality of hire and just 55% of companies know if they have the skills to execute their business strategy. Furthermore, 56% of businesses have no access to reliable data on the top performing employees that are not on any succession plans. Almost half (49%) of all respondents do not have any insight into the number of new hires that leave the company voluntarily within the first year.
Other highlights of the survey were that 91% of respondents want information on the competency/skills gaps in the workforce but only 55% have access to reliable data in this area. A further 90% say that it is important to have information on how individual’s goals are aligned to business but only 57% have access to reliable information. And the future of business looks bleak with 82% considering data on succession bench strength as important when only a minority (41%) have access to reliable data on it.
Taleo recently held discussions with a number of business leaders in London. VP of international marketing Chris Phillips and his colleague Shail Khiyara, senior VP and CMO, explained how talent needs to be more joined up in the organisation.
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