Human Capital Management Edition
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Survey Reveals Widespread Misalignment of HR and Business Strategies

Human resources executives overwhelmingly see talent retention as the top business challenge for their organizations, but most say their HR organizations lack a formal talent management strategy. What’s more, only a small percentage expects to bridge this gap by having a formal strategy in place within the next year.

These are among the key findings of a human capital management and talent technology survey conducted by Oracle and the consulting firm Deloitte. The survey polled HR managers from a range of industries to see how closely their organizations coordinate HR and business strategies. In addition to the widespread misalignment in these two areas, the survey also uncovered problems in how effectively HR departments are using human capital and talent technology. The results are summarized in the report “Is Business Ready to Grow?”

In addition to identifying talent management initiatives as a business priority, respondents also named it a pain point. The reason: siloed business practices, created in part by the use of niche technologies, make it difficult to coordinate compensation, promotion, succession planning, and other key talent development activities.

“Niche solutions don’t use a single data model, so there’s isn’t a flow of information to help managers make decisions about talent,” says Tracy Martin, senior director of Oracle HCM Strategy.

However, the survey found signs that HR organizations are now rolling out technologies designed to better inform managers about employee talent profiles. “Those companies that are leveraging technology will be able to take advantage of the talent that’s out there in the marketplace and capture the top talent,” says Laura Garbacz, a principal with Deloitte and leader of the firm’s national Oracle HR practice.

Watch a Webcast replay to hear Martin and Garbacz discuss more key findings in the survey.

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