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Study: Key indicators not measured by large enterprises

Posted on October 4th, 2011 Read time: 1 minutes

A recent study conducted by the research institute of a New Jersey-based data processing company found that many companies' perceptions of HR services are skewed.

The study, conducted in August 2011, polled decision-makers at more than 600 large U.S. enterprises and found that 75 percent of respondents believed their companies are equal or better than their peers in terms of talent management. However, only 46 percent stated that they actually compare their Key Performance Indicators to other companies.

"Organizations that don't measure and benchmark their talent management strategies have a far less solid basis for judging the overall effectiveness and success of those strategies than those who do," said Tony Marzulli, vice president of the processing company.

He added that very few companies have concrete data to support their assumptions of talent management excellence, as 42 percent of respondents didn't have a formal strategy in place.

Human Resource Executive Online notes that a lack of sufficient talent management vendors may be partly to blame, as 72 percent of attendees at the HR Technology Conference's 5th Annual Talent Management Panel rated their vendors with a "C" grade or below. 

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