There is evidence that many companies recognize the limits of earlier strategic talent management solutions, and the leaders among them are already modifying processes and deploying new solutions to achieve enhanced business results. In fact, market analyst firms maintain that by 2008, most companies will purchase talent management applications as part of a solution that integrates all functions2, and they recommend that companies work with solution providers that are positioned at the front of this trend3. These solutions empower business managers, span all functions, and are delivered via an on-demand model. The success of these early adopters in achieving better business results will drive broader adoption of these next generation strategic talent management solutions.
Hess Corporation is among the leading companies in embracing a broad vision of talent management and deploying technology solutions to support that vision. To enhance its position in the highly competitive petroleum exploration and distribution business, Hess' senior management has made a strategic commitment to upgrade its talent management processes globally.
To support this commitment, Hess has deployed a technology solution that integrates all functions of the talent management process. According to Brian J. Bohling, Hess Corporation's Senior Vice President of Human Resources, "we decided - as part of an HR systems overhaul that began two years ago - to address our strategic talent management needs through an integrated technology platform. We expect this global system to empower our workforce, enable better decision-making, drive performance, and enhance the overall experience - our total package - of being part of Hess."