StepStone Unveils Integrated Talent Management Solution, Aligning HR Processes with Strategic Business Goals
AUSTIN, Texas (Business Wire EON) November 6, 2007 -- According to Bersin & Associates, a research and advisory firm specializing in corporate talent management and learning, a host of economic and demographic factors have created gaps in today's talent pool that threaten a company's ability to execute on its current and future business plans. Exacerbating this situation is the fact that most organizations lack the infrastructure to effectively plan for and respond to talent challenges.
"HR organizations, which traditionally have been charged with managing talent-related initiatives, have largely operated in functional and geographic 'silos' with each group governing distinct processes, programs, budgets and technologies," said Leighanne Levensaler, principal analyst for Bersin & Associates. "Integrated talent management suites give companies a way to address these challenges by enabling better conversations, decisions and planning around business-driven talent objectives."
Optimizing HR Processes through Integrated Talent Management
StepStone's Total Talent Management Solution now features a consistent user interface, a single point of access and cross-application workflows that bridge the gap between recruiting and talent management functions.
For managers, these enhanced capabilities help users post and manage job requisitions, review applications and evaluate an internal applicant's candidacy based on the availability of prior performance data - all from a centralized console. For employees, having a single tool to apply for jobs, set goals and objectives, and participate in the performance appraisal process provides a more consistent user experience, better insight into the skills and competencies required for advancement, and greater control over achieving specific career goals.
Total Talent Management Overview
StepStone's Total Talent Management Solution provides rich, multi-dimensional views of talent data that help users proactively align leadership and workforce objectives with an organization's goals and strategies - even as they evolve.
Key enhancements to existing capabilities include:
Global Talent Positioning System/HR Analytics Dashboard -
sophisticated decision support tools provide at-a-glance charts,
graphs and reports that allow employers to quantify macro trends
and "hot spots" across functional areas and geographic locations.
Drill down functionality enables users to view details of
specific employee groups (or individuals) while a business
intelligence engine automatically correlates multi-disciplinary
data based on pre-defined objectives and key performance metrics,
recommending critical actions and next steps.
Performance Planning/360-Degree Feedback - 360-degree feedback
methodologies include the Johari Window, a peer-based performance
evaluation tool that assesses employee self-awareness; and a
sophisticated scheduling and collaboration tool that helps
professional mentors assist employees in interpreting feedback
and building actionable career development plans. Automated
status monitoring and proactive email reminders improve review
response rates and reduce the likelihood that performance plans
"fall through the cracks".
Compensation Planning - "smart recommendations" provide real-time
indicators regarding the market competitiveness of an
individual's salary and keep managers apprised of the budget
impact of compensation decisions. Tighter integration with
performance modules ensures that an employee's performance rating
is pre-populated into the compensation worksheet, and that
managers adhere to corporate pay-for-performance and salary
distribution guidelines - or are alerted when exceptions occur.
"By combining strategic business information such as revenue goals and growth projections with HR information such as the distribution of performance ratings across an enterprise, and the inventory of skills and competencies possessed by a specific workforce, we can help customers allocate their talent assets more effectively and build more agile, high-performance organizations," said Bucky Couch, Managing Director, Americas.
About StepStone
StepStone is one of the world's largest providers of on-demand, talent management solutions, offering a portfolio of technology, software and online services that enable organizations to attract, recruit, develop, retain and manage the best available talent.
StepStone Online operates some of Europe's largest and most successful Total Talent Communities, covering 13 countries and attracting 1.9 million visitors each week. StepStone's Total Talent Management Software Solutions are a range of on-demand services which enable organizations to manage the entire employee lifecycle, from initial attraction through pre-hire online recruitment, on-boarding and post-hire performance management, including compensation management, skills and competency management and employee training and development. StepStone recently completed the acquisition of ExecuTRACK, a global leader in strategic Talent Management, which extends StepStone's Total Talent Management solutions portfolio.
Thousands of organizations including Aviva, BBC, Novartis, DuPont, Virgin Atlantic, Royal Bank of Scotland, British Airways, Xerox and Fiat use StepStone's products and services to help them recruit qualified staff globally. Founded in Norway in 1996, StepStone is the only European-headquartered vendor to be recognized as a 'leader' in Gartner, Inc's recent "Magic Quadrant for E-Recruitment Software, 2006" report. For more information, see: http://www.stepstone.com