10 | Talent Trends Quarterly | Q4 2017
Other technologies are also becoming more
important to an integrated model. For instance,
the rise of human cloud and freelancer
management systems (FMS) is helping to directly
connect employers to independent workers,
shortening the hiring cycle and reducing cost by
eliminating talent suppliers.
It also enables companies to create their own
talent pools based on specific criteria such as skill
sets, geographic location and past work histories.
When it comes to embracing an integrated talent
model, companies should not only expect process
and cultural changes, they may also need to make
technology investments.
Perhaps one of the biggest barriers to successful
adoption is not having the expertise to execute.
Our survey shows that this is the most-cited
challenge (31%) among companies that don't
plan to embrace an integrated mindset, followed
by having to gain buy-in from too many
stakeholders (27%) and satisfaction with their
current talent acquisition processes (27%).
Acquiring the expertise, however, shouldn't be a
monumental hurdle as many organizations are
moving forward with the help of their talent
strategy partners.
A number of late-generation recruitment or
contingent workforce programs have already
evolved into integrated talent models, and more
are moving that way. Companies can do this on
their own, but the experience and resources of an
external partner can accelerate the process
and results.
In just the past decade, we have seen talent
management transform significantly. As
organizations grapple with a multitude of
emerging market dynamics, ensuring they have
the right talent will be the only way to stay ahead
of competitors and business trends.
Conventional talent models that have worked
well in the past are becoming less relevant as
business models, work arrangements and access
to talent grow more complex. By embracing
a holistic, agile approach, employers position
themselves to create a workforce ready to take
advantage of future business opportunities.
Analytics can consolidate all of an
organization's human capital data
and make it more easily understood
through a user-friendly dashboard.
