Talent management processes have been steadily advancing over the last five years, along with organizations’ ability to efficiently manage hiring, performance reviews and compensation plans to achieve expected outcomes. But many organizations’ talent management has not incorporated market data into compensation applications, leaving them unable to ensure that compensation processes and talent-management investments deliver optimal HCM value. Compensation is a critical aspect of HCM and the efficient hiring and retention of critical talent across the workforce is possible with an appropriate compensation process. Business, HR and compensation leaders have more tools and information today than ever before to empower managers to engage with employees for optimal HCM value.
Effective Compensation Strategies for Talent Management
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About the Author
VP and Research Director
Steve Goldberg is responsible for the human capital management (HCM) research at Ventana Research. Steve guides HR and business leaders to manage their workforce to gain competitive advantage and value from their investments. He covers the major HCM areas including candidate engagement, employee experience, HRMS, learning management, payroll optimization, talent management, total rewards management and workforce management.