What is Integrated Talent Management (ITM)?
ITM leverages the same data, process, workflow management, security model, user portals, and reporting and analytics tools across all applications.
My answer would be very similar.
The white paper quotes heavily from people such as Thomas Otter, Jim Holincheck, CedarCrestone and Leighanne Levensaler with PageUp People offering their own conclusions on the research which in turn lays out a product roadmap for the PageUp People platform.
Within the white paper reference is made to three stages of ITM evolution:
- Stage 1 – Today, multiple vendors, disconnected systems, a lack of analytics, and limited executive buy-in.
- Stage 2 – Reduced number of vendors as each widen the breadth and depth of their offerings, tighter integration, initial workforce analytics, and growing executive buy-in.
- Stage 3 – The holy grail a fully integrated talent management platform with predictive analytics and high levels of executive buy-in.
What stood out to me was the strong emphasis being placed on workforce analytics, the topic for the rest of this post, as a key indicator of a stage 3 ITM environment.
For well over a decade workforce analytics have been discussed and predicted to come of age many times, and again we have a major talent management vendor still predicting that workforce analytics is in the future! So when will the future become today?
Over the years workforce analytics has been a keen interest of mine, in 2004 I co-presented on the topic and AHRI’s HR Week. During the presentation I referenced work conducted by the Butler Group in 1995 on the issues around data warehousing little things such as; Availability, Understanding, Accurate, Consistent and Predictability, and Privacy. I firmly believe many of these issues need to be resolved before any form of workforce analytics can be confidently undertaken by an organisation.
My co-presenter 5 years ago John Macy referenced work from the Meta Group in 2000 on the 5 categories of workforce information management, the top level being predictive modelling! John went on to discuss trends from the Meta Group, which had vendors incorporate contextual analysis into their products by 2005 and in 2006/7 Leading organisations will develop & fine tune predictive models. I guess the Meta Group was wrong!
- HR Skill deficiency
- Lack of business knowledge
- Expensive tools limiting deployment
- Lack of quality data
- Complicated nature of talent management