Hong Kong – 14th August 2012 – As the shortage in some key business skills grows, there are many questions being asked about the workforce: Where are the gaps that could impact business performance? Where will the talent shortages be in the future? Could those skills be developed from within your existing workforce? If not, how much will it cost to find them or replace them if they leave?
Research conducted by the SuccessFactors, an SAP company, revealed that 83% of employees do not feel their skills are being fully used and 58% of employees are prepared to leave if they are not developed by their employeri. They recognise they have the capacity to be developed but their employers are potentially unaware. As a result, all those valuable skills and experience could simply walk out the door and probably straight to a competitor.
SuccessFactors suggest that businesses can improve performance and mitigate some of the risk of the skills shortage by taking a good look at their most valuable asset – their people.
Workforce Analytics can give important insights for a business, for example understanding the workforce’s capabilities and where the skills gaps are now, and in the future. These solutions give the business the power to make informed talent decisions.
The company is currently offering a benchmarking test that allows companies to see how they compare to other companies in terms of skills and performance. Immediate recommendations on what you can do to improve and where to get guidance on creating a winning talent management strategy will be made.
More information about SuccessFactors’ research and the benchmarking test can be found at http://www.successfactors-skilledworkforce.com/benchmarking.php. Also, for information about the company’s range of business execution software solutions, visit www.successfactors.com.
i ‘The SuccessFactors Employee Perspectives Snapshot 2012’ – Conducted by Vanson Bourne