Talent Management: Giving Business Leaders a Competitive Advantage

Admin Coaching & Leadership

Effective talent management processes and resources are a must. The right corporate approach to talent can offer huge rewards to a company that is looking to gain a competitive edge and maximize profitability.

Okay, so that probably sounds a little predictable from a company which offers talent management training and software but we believe that the facts speak for themselves.

Here are just a few recent studies that highlight the importance for CEOs and Senior management to embrace the benefits of better talent management:

  1. Stanford professors O’Reilly and Pfeffer suggested that a change of one standard deviation in an index of human resource management practices could produce increases of $20 000 to $40 000 in stock market value per employee.
  2. According to McKinsey’s War for Talent studies, companies with strong talent practices generally outperform their peer group, earning 22 percent higher shareholder returns.
  3. Watson Wyatt, using its human capital index, found that optimized performance management and employee development can grow a company’s value by as much as 30 percent.
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