Talent Management Positively Impacts Organizations

Research shows organizations with talent management have engaged, satisfied employees

A cross-culture organizational study revealed that only 25 percent of workers believe their organizations provide strong guidance in terms of goal setting, managerial feedback and career development. Workers in the United States are more likely (53 percent) to indicate their organizations invest in and regularly practice talent management, compared to approximately 10 percent of surveyed workers in Germany and China.

Across all six countries the survey considered, organizations with a focus on talent management have employees who are more engaged, and who are more satisfied with their job and the company overall. Having a strong talent management culture also favorably impacts how workers rate their pride in their organization and willingness to recommend it as a place to work. Additionally, if employees have favorable views of the organization s talent management practices, they are more likely to have confidence in the future of the organization.

Employees who believe in their company's talent management efforts also have more favorable opinions of their management. These employees believe their manager effectively manages the workload and that senior management demonstrates employees are important to the success of the company. They are also more likely to feel a sense of job security, be satisfied with on-the-job training, feel that performance is evaluated fairly and experience greater feelings of personal accomplishment.

"People have a fundamental need to know how they are doing and what the future holds for them. It's simply part of who we are," said Jack Wiley, executive director, Kenexa Research Institute. "Organizations that understand this and have the process in place to make it happen have an advantage over their competitors. Not only are they going to outperform their competitors, but they are building a more engaged and committed workforce. Those who don't get it are the ones constantly scrambling for talent and spending a lot more on recruitment and training. Their customers also know this and are less loyal, as a result."

Reprinted with permission. © CCH

Research shows that organizations with a focus on talent management have employees who are more engaged, and who are more satisfied with their job and the company overall.