Talent management and business performance are strongly connected. This is a key finding in Randstad Sourceright’s 2019 Talent Trends Report. What’s more, employers that have taken an integrated — or total talent — approach to talent management are creating value and positively impacting business performance for their organizations.
Employers surveyed during Randstad Sourceright’s Talent Trends research are almost unanimous (98%) in their satisfaction with total talent models. With a total talent model in place, companies create agile workforces and are able to hire faster to meet skills demands, while also cutting costs and inefficiencies.
A holistic approach makes it possible to consider talent in various work arrangements — whether traditional employees, contingent talent, independent contractors, freelancers or statement of work (SOW) talent — and allow for decisions based on skill sets, preferences and the work that needs to be completed. Rather than simply filing a job requisition, human capital leaders use HR tech and talent analytics to acquire the best people for critical tasks and projects.