Nowadays there is a progressive movement to transform the HR function and establish a Human Capital Management (HCM) environment that truly leverages the workforce as a competitive weapon. Organizations leading the way in HR transformation are focusing less on administrative aspects and more on strategic issues. Talent management tops the list as a strategy for radically improving workforce productivity to drive higher value for the organization.
This Knowledge Infusion paper provides a common understanding of talent management; discusses current macroeconomic, workforce, and technology trends and challenges, and highlights the business results organizations stand to gain. It also offers guidance for implementing an effective talent management strategy, with Enterprise Resource Planning (ERP) technology as the core enabler.
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