Making the business case for talent management
In today’s business environment, talent management isn’t a nice-tohave; it’s a requirement. According to research from Bersin & Associates, companies with highly effective talent management strategies, on average, achieve 26 percent higher revenue per employee and 41 percent lower turnover among high-performing employees. And according to the Hackett Group, companies excelling in talent management can increase earnings by nearly 15 percent.
Yet, despite the abundance of industry data showing improved talent management results in better business performance, many executives unfortunately still view HR as a cost center