Organizations lack insight into employee talent!

Research released today from Oracle reveals organizations recognize the benefits of talent intelligence, yet are hindered by their current IT capabilities.

The research indicates there is an opportunity for organizations in Western Europe to use talent management solutions to help improve employee engagement, profitability and operations.

The study reveals that 95% of organizations in Western Europe recognize that talent intelligence can improve their performance and financial success. However, only a quarter (24%) of organizations surveyed are "very satisfied" with the insight they have into talent within their workforce, unveiling a substantial gap between business aspirations and business capabilities.

The report, "Understanding the Impact of Talent Intelligence: A Western European Study," highlights what businesses consider to be the main anticipated financial benefits of increased investment in Talent Intelligence, which are profitability (54%) and saving on the cost of training (53%).

The Oracle study further found that data-proficient organizations (DPOs) better recognize the value of talent intelligence systems compared to data-deficient organizations (DDOs). 91% of DPOs agree that HR departments use workforce metrics to demonstrate their contribution to the overall business goals, compared to 70% of DDOs.

Half of DPOs cite HR as a pro-active leader in contributing to corporate strategy, while less than one in five (19%) DDOs agree with this, demonstrating how using effective data can have a direct and positive impact on business strategy and goals.

Conducted by Loudhouse Research, the report surveyed over 300 key decision-makers in midsize and large organizations in the UK, France and Germany.