Archive | 2019
Integrated Talent Management
Abstract
EXECUTIVE OVERVIEW Although the need for talent management is critical, many organizations flounder when it comes to effectively leveraging a state-of-the-art technology solution. The primary difficulty lies in sharply diminished business benefits when organizations fail to take advantage of talent solutions that integrate fully with the core human resources (HR) system of record and with each other. As a result, organizations often miss a decided competitive advantage when it comes to areas such as user adoption, the optimal use of technology and employee development, which is so critical in the talent shortage. Often this failure stems from poor strategic planning and—as statistics show—selecting niche or silo-ed solutions a-la-carte. An integrated approach is ideal for the forward-thinking organization expanding its talent management scope or for an organization exploring talent management for the first time. Real-time integration that optimizes all aspects of talent management can best be achieved with a solution from the same vendor that provides the core HR system. It s helping us ensure that our performance management is more organized and more effective. It s giving us better quality and better control of our HR processes. That s particularly important in a large and fast-growing global organization—to be able to keep track of your people wherever they might be. Today s changing business landscape demands that HR aligns its processes, practices and strategies with business objectives. This demand can only be met by a comprehensive solution that effectively manages an organization s talent and the entire Human Capital Management (HCM) lifecycle together. An integrated talent management framework from Oracle delivers this success via a holistic view of talent. Oracle s single, modular, enterprise-wide system supported by a single data source provides consistent data and business processes and a uniform look and feel that together establish the foundation for insightful decision-making and profitability. INTRODUCTION The HR professional or department that excels not only solves specific business problems today, but also delivers the ability to address broader, more universal strategic challenges as well—thus building a solid foundation for tomorrow s success. A solution must have the scope to handle widespread business problems and encompass new business partners, corporate mergers, new markets, new technologies and more.