Management a total approach
AUSTRALIA could learn from the US and adopt a total talent management approach, Daniel Gavan, managing director of Imprint Global, says.
‘‘ Talent management technology is used extensively in the US because it streamlines the whole people management process,’’ he says. ‘‘ For example, setting a clear business strategy will help crystallise the talent required to execute the plan and in turn, reach the designated goals.
‘‘ Instead of having one tool for recruitment, another for career planning and another again for retention strategies, talent management systems connect them all and bring far better outcomes than any system could provide in isolation,’’ Gavan says.
He feels talent management systems are likely to be a growth area for human resources sector. The current skills shortage will aid the implementation of new systems, he says.
‘‘ The technology in good talent management systems should calculate return on investment, finally giving managers and executives the opportunity to demonstrate the importance of HR to the financial success of the organisation.’’