hrtechoutlook

How Talent Management has Evolved in the Digital Age

Hanna Wilson, HR Tech Outlook | Thursday, July 01, 2021

Professionals' health and well-being are suffering as a result of the uncertainty surrounding redundancy. Few firms are brave enough to make effective efforts to address such concerns while embarking on employer branding projects.

FREMONT, CA: There is no greater debt on an organization's conscience than underutilized talent; thus, employing efficient and effective actions during the "peace in talent" is the greatest approach to ensure success in the "war for talent." However, as AI-enabled entities make substantial inroads in the workplace, it is becoming increasingly difficult to retain a talented and motivated multi-generational workforce whose goals are aligned with the corporate imperatives.

Professionals' health and well-being are suffering as a result of the uncertainty surrounding redundancy. Few firms are brave enough to make effective efforts to address such concerns while embarking on employer branding projects. The common view across the corporate landscape is to use technology as a relationship buffer between senior management and the workers in order to avoid searching for effective solutions to hard concerns regarding workforce management.

The use of metrics-driven KRAs/KPIs in conjunction with a complex system of linked incentives and recognition programs to cover simmering unhappiness at the manager-employee level as a result of a suffocating work environment. Such measurements frequently result in promising talent's career growth being held hostage by a supervisor's appraisal of their performance to supplement another number on the HR dashboard informing senior management on how well things are doing.

Professionals no longer rely entirely on their companies to offer them a realistic career path. Today's workforce is better informed, incisively talented, and possesses a breadth of knowledge that allows them to maximize their gains. As a result, firms are being driven to improve the quality of the employee experience, as well as salary and benefits, in order to attract and retain the needed talent. Employee loyalty has been a thing of the past for quite some time, and the concept of employee partnership, which was erected on the ashes of loyalty, is now in jeopardy as well. A new arrangement of employee gratification is becoming the standard, in which attractive overall incentives packages are designed to function as golden handcuffs on top personnel.

See Also: Top Risk Analytics Solution Companies

Weekly Brief

Read Also