This industry study shows the state of talent management today.  Based on detailed data and in-depth analysis, the study provides actionable insights and support for your organization’s talent management strategy, planning and implementation.

The 2009 Talent Management Factbook is our second annual review of talent management practices across the globe.  Conducted in partnership with Human Resource Executive magazine, the study reveals the state of talent management today and trends over time, including comparisons of data by company size, industry, and geography.

For the first time, this year’s study captured data on a series of talent-related measures.  These metrics are integral to an organization’s ability to compare HR spending, staffing, and talent initiatives against industry benchmarks.

Among the key findings:

• Companies are making progress in their talent management initiatives.  Nearly 50 percent of companies are now implementing their strategies for integrated talent management, a figure that has grown over the past year.
  
• Integrated talent management does make a difference!  Companies with mature, integrated talent management processes have significantly less turnover, have experienced less downsizing, and have 26 percent higher revenue-per-employee than companies with no integrated processes.
  
• As a keystone to the talent management process, a consistent, effective performance management process is paramount, with 40 percent of companies naming it as their top priority in the coming year.
  
• More companies are creating a dedicated role to manage talent management activities across the enterprise. Currently, 31 percent of companies have consolidated talent management activities under a single executive, up from 22 percent the past year.
  
• Usage of performance management and career / succession management systems has increased considerably over the last year as the HR systems market becomes more clearly defined.