Description of Talent Management
Identifying, developing, rewarding, and retaining talent is critical to the success of your business – especially as priorities shift from cutting costs to driving growth. Can your HR department swiftly meet business-critical talent requirements?
If you’re relying on inefficient, stand-alone systems and data sources, most likely not.But with the talent management functionality of the SAP® ERP Human Capital Management solution, you can make the most of the people in your organization.
Business Challenges
•• Meet needs of a global, mobile, multigenerational workforce
•• Increase organizational performance
•• Avoid loss of key contributors and
Key Features
•• Talent analysis – Gain insight into key figures and trends
•• Competency management – Develop skills needed to achieve organizational goals
•• Recruiting – Find and hire the right talent
•• Performance management – Align workforce with organizational goals
•• Talent assessment and review –Identify and cultivate key contributors
•• Employee development – Create development plans and track progress
•• Learning – Deliver custom training to close individual knowledge gaps
•• Succession management – Identify, develop, and track high-potential employees
•• Compensation management –Implement innovative reward strategies and link pay to performance
Business Benefits to Organisation
•• Improved organizational performance by aligning individual and team goals with organizational goals
•• Motivated employees through individualized objectives, career and development plans, and compensation tied to performance
•• Improved decisions about talent development
•• Strong global talent pool across the entire organization through effective retention and employee development efforts
•• Reduced maintenance and upgrade cost and effort, thanks to an integrated solution
