HR slow to innovate in talent management

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Interesting title but less less interesting details. Yes, HR is still catching up on technology which is often about not getting the budgets for this until fairly recently. And yes, measuring HR and ...


Read More Jon Ingham, The Social Organization
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Organisations are not making enough progress when it comes to innovation in talent management, according to research

Fosway Group and SumTotal Systems' report, Talent Management and People Development in Practice: A Call to Action, explored the technological challenges for HR when it comes to talent management.

It found that 70% of organisations think their technology to support talent is not fit for the modern workforce. Only 9% think this technology is fully ready, while 20% think their talent systems are not at all ready for the modern workforce.

Researchers warned that insufficient use of technology could be holding the HR function back from innovating around talent management.

The report found that a third (33%) are still relying on spreadsheets to manage talent and people development processes, while a fifth (21%) are unable to prove the value of talent practices.

Furthermore, only 44% were found to measure the impact of their talent strategies on business objectives, and around 21% have no measure of their talent objectives.

On a more positive note, the report highlighted that 80% of organisations plan to increase their investment in HR and talent technology.

Liam Butler, AVP EMEA of SumTotal Systems, said: “This latest study highlights that accelerating people’s careers by developing, challenging and growing their skills is now critical for all organisations, everywhere. With the changing future of work, and a backdrop of economic uncertainty, recruiting, developing and retaining the best people is more important than ever."

“Change in the nature of work and in the workforce continues to be big news, but companies are struggling to change their people and learning strategies fast enough to close widening gaps in talent and skills,” added David Wilson, CEO of Fosway Group.

“This research highlights the need for HR, talent and learning to innovate faster and to focus on talent outcomes aligned with real business priorities.”

Comments

Interesting title but less less interesting details. Yes, HR is still catching up on technology which is often about not getting the budgets for this until fairly recently. And yes, measuring HR and its impact is hard to do - even with the increasing amount of people data, particularly for those organisations with better technology (so I'd worry more about the 79% that think they can prove the value of their talent practices). But innovating talent management doesn't really have much to do with either of these things. And it's vital that we do innovate talent management so it's a shame there's nothing on the main opportunities for doing this (especially as our use of technology and what we measure should always follow not lead this innovation).


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Hi Jon, the research had a specific technology-slant but you're right that innovation is about more than just the tools and the tech. What the data does highlight though is a lack of joined up thinking around talent management. Even the traditional focus on 'top talent' still isn't evolving in many organisations today (because surely everyone has potential talent right?!) And as for linking it in with L&D and other HR data and processes, the lack of progress is pretty eye opening. Would love to catch up and chat more about it sometime soon.


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