Professional Documents
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Having the right people in the right place at the right time the most important factor in
ensuring ongoing organizational success. Organizations overall have a huge talent pool on
which they invest huge amounts of cost and effort for capability building and leadership
development. However, at the time of need organization falls short of ready talent pipeline
and looks in the market to hire resources. Thus, adding to its recruitment cost and reducing
growth opportunities for existing talent.
Organizations also lose their high potential talent and skills developed over years to the
competition, when they fail to market the internal opportunities. Thus, a company spends
50%-150% of CTC to refill a position (including hiring, onboarding and time to
productivity cost).
Integrated talent management is a framework that improves visibility of talent landscape for
business and opportunity landscape for employees. It aligns all HR processes to the overall
business strategy into an integrated sequence of events. It also allows a company to allocate
their resources more effectively and personalizes the experience for employees.
Siloed What it is ha ha yes yescan result in unsuccessful hires, missing out on top talent that
may be right under your nose, and not being able to correctly forecast or estimate hiring
needs. While with the integrated talent management approach, company gets greater
ability to adapt to changing economic conditions, reduced turnover of high performers,
reduced voluntary turnover and improvement in employee experience. The business saves
significantly on the recruitment cost and achieves greater ROI on learning & development
cost.