Executive Summary: If people truly are an organization's most valuable asset, attracting, managing and developing people in the most effective and efficient way possible is of paramount importance. Yet historically, while companies use state-of-the-art technology to aid them in acquiring and managing other assets, they rarely do the same when it comes to staffing. And because attracting and recruiting the best talent is the first step in creating a superior workforce, it is here where improvement efforts must really begin.
In recent years, many organizations have adopted sophisticated new software tools that help them better perform various staffing functions, from sourcing and applicant tracking to resume processing and interviewing. Throughout the pre-hire process, they acquire a substantial amount of information about applicants, candidates and new hires. However, once positions are filled the sheer amount of this information and traditional ways of capturing it means that important people data is too often relegated to HR archives and largely forgotten.
Comprehensive HR software suites that include several highly-integrated component applications now enable companies to extract maximum value from all HR data they acquire and use it to manage their talent more strategically. This includes developing candidate pools of hard-to-find talent, precisely aligning search and performance review criteria, comparing recruiting data with subsequent job performance, and using comprehensive reporting capabilities and analytics to improve overall staffing performance. Drawing on a broad suite of well-integrated solutions gives employers a distinct competitive advantage when it comes to finding, attracting, and retaining the highly qualified talent that is required to meet organizational business objectives.
