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Succession Planning Concerns Lead to Talent Management Technology Search
The 2007 HR Technology Trends survey of 182 large companies indicates a third plan to adopt new technology solutions for succession planning in the next two years, according to a Watson Wyatt press release. The same percentage (33%) plan to change the way recruiting is administered.
HR executives said their organizations were far
less satisfied with current talent management delivery
than with health and welfare, defined benefit, and call
center administration.
Additionally, the study found 29% of firms plan to change
learning management systems and 25% plan to change
workforce planning solutions.
Employers are increasingly focused on making these
decisions more objective and data-based, requiring
aggregation of a vast array of data on candidates and on
the organizations’ strategic plans, Watson Wyatt said.
“Talent management programs overall are increasingly
complex,” said Richard Hubbard, director of Watson
Wyatt’s U.S. technology and administration solutions
practice, in the news release. “But many companies are
missing opportunities to make them less complicated
through technology solutions. While implementing a
succession planning solution is driving many companies,
putting in place an integrated talent management system
can help streamline administration of a broad array of
programs and can really pay off for employers.”
More information on the Technology Trends study can be
found at
www.watsonwyatt.com/techtrends
. A white paper, “Planning for the Future:
Next-Generation Practices in Succession Planning,” can be
found at
http://www.watsonwyatt.com/research/whitepapers/successionplanning
.