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
CEO and Chief Research Officer
Mark Smith, is the CEO and chief research officer of Ventana Research and drives the company’s global research agenda. Mark is an expert in enterprise software and business technology innovations including the business areas of customer experience, sales and marketing. Mark covers the digital technology innovation areas of artificial intelligence, business analytics, big data, bots and natural language processing, collaboration, Internet of Things, mobile technology and wearable computing.