More than half of business organizations have no talent and skill management strategy in place

Close to 62% of all UK businesses have no talent management strategy in place, despite being quite worried about the prospect of losing valuable employees, a recent study by recruitment specialist REED has revealed.

More than half of business organizations have no talent and skill management strategy in place image 1

According to the “2014 Salary and Market Insight” report , the increase in job opportunities and security encourage workers to consider next career move, which means that companies should seriously reconsider their retention strategies, especially since 54% of employees haven’t received a pay rise in the last 12 months and the number of available extra benefits is also lower.

The report also highlighted a shortage of skills with more than a third (46%) of HR managers saying they have a skills gap in their organisation and 86% saying this gap is having a negative impact on their business. What’s more, 1 in 10 organisations (13%) admit they do not do a good job of attracting talent to their organisation.

The first step in implementing a proactive talent retention strategy should be the development of a comprehensive employees’ database, capable of providing an array of useful information regarding each person’s skills, talents, interests, etc.

Tensor Personnel allows you to record a vast amount of personal information about your company staff, including here basic details, course attendance, educational history, language skills, professional institute memberships, skills, etc.

It’s also very important to point out that the management of employee training is a key component of Tensor Personnel. The Course Planner is where employees are booked onto course sessions to obtain skills that they require to perform their duties. Individual employee training records are updated automatically as courses are completed, along with qualifications / certification earned.

If you’d like to find out more about the Tensor workforce management solutions, just contact our team or Book a Demo, we’ll be more than happy to answer all of your questions and queries.

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