a free Talent Strategy Assessment tool to help employers gauge the strengths and weaknesses of their talent management processes
London 5 August, 2009 – StepStone, Europe’s leading provider of human capital management solutions, recently launched a free Talent Strategy Assessment tool to help employers gauge the strengths and weaknesses of their talent management processes. Take up of the tool (available at www.talentstrategyassessment.com) has already substantially exceeded expectations, with over 300 international companies completing the English-language assessment and receiving a detailed report in the first month. With German, French and Chinese versions of the tool now available, StepStone expects a substantial increase in uptake over coming weeks:
UK English: http://www.talentstrategyassessment.com/en/
US English: http://www.talentstrategyassessment.com/us/
“At StepStone we have a mission to help companies drive performance improvement in their businesses through maximizing the talents of their people,” said Jim Cassidy, Chief Marketing Officer at StepStone. “The Talent Strategy Assessment tool is only one of numerous initiatives we are bringing to market to support this mission and we are excited by the high level of takeup and positive feedback it has generated. We encourage any company that takes talent management seriously to perform the assessment and gain some real, fact-based insights into ways to improve their strategy.”
To date companies across the world completing the Talent Strategy Assessment have included banks, airlines, retailers, publishers, recruiters, universities and government organisations, including well-known names in the UK, US, Russia, India, Africa, China, Australia, the Middle East and all parts of Europe. Many industry experts are citing current economic conditions as a reason to review talent management processes:
Jimmy Taylor, COO of US-based talent management specialist Novotus said: “I have never seen a more critical time for companies to be evaluating their human capital and looking at their workforce plan. StepStone’s Talent Strategy Assessment tool gives leadership a chance to refocus on this issue. It’s a great tool for a time like this!”
Companies who have completed the assessment have shown great enthusiasm for the results, particularly noting the unique nature of the tool and how it can start a process of debate within a business on the best ways to find, motivate and retain the most talented people, especially in a difficult economic environment where staff morale can be under threat: Chris Davis, Head of HR at Travis Perkins, a major UK building supplies firm said: “I would definitely recommend it – it’s a great prompter to get a debate going,” while an HR adviser at Informa, a 10,000 person global information services company added “This is the first tool I have seen like this, it seems to be straight forward to use and simple to understand, I would definitely recommend it.” And, according to Ruth Cane, Organisational Development Manager at Oxfordshire County Council: “The talent management self assessment was very user friendly and helpful in clarifying the fact that whilst we have a number of projects and processes in place there is a lot we can do to make our talent management arrangements more strategic.”
The tool has been jointly developed by StepStone and Bersin & Associates, an industry research and advisory services company dedicated to enterprise learning and talent management strategies. With this benchmarking tool, HR executives can quickly assess how their organisations’ talent strategies compare to those of other organisations – and pinpoint potential strengths and weaknesses. The tool covers 19 assessment areas of a comprehensive talent management strategy, including data management, talent processes, communication and alignment with the business. Additionally, the tool also evaluates key areas of recruitment and employee performance such as internal mobility, succession planning, benefits packages and employer branding.
The self diagnosis tool compares a user’s answers against best-practice benchmarks, and provides tiered summary scorecards which identify and analyse organisations’ effectiveness in each area.
StepStone is Europe’s leading international provider of human capital management (“HCM”) software and services. Its technology and services help organisations attract, retain and develop their talent. StepStone was founded in Norway in 1996 and listed on the Oslo Børs (Ticker@ STP.NO) in 2000 and the London Stock Exchange (LSE: STPS) in 2008.
StepStone operates some of Europe’s largest talent networks which match employers with potential employees and provides a complete suite of HCM software solutions. Through its extensive talent network in Europe, StepStone has privileged insight into the needs and demands of today’s workforce, allowing the company to develop highly innovative HCM solutions.
StepStone’s comprehensive portfolio of software and services enable organisations to implement efficient HCM processes. These services include; attraction and hiring, post-hire talent management, performance management, compensation management, skills and competency management, career and succession planning, training and development management.
As at Q4 2008 more than 1,600 organisations, including many of the world’s leading businesses, use StepStone software and services. It operates in 16 countries and employs more than 900 people. Its global customers include Aviva, Deloitte, Deutsche Telekom, Lufthansa, McDonald’s, Telefonica, ThyssenKrupp and Volkswagen.
For more information see: www.stepstone.com.
Read our blog at: http://www.stepstonesolutions.com/communitypost
Robin Grainger / Catherine Moran
+44 (0)20 7592 1200
Director of Communications
+44 7540 666439
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