There seems to be as many differing opinions about what comprises an effective employee performance management program as there are varieties of methods to evaluate employee performance. I keep tabs on the EPM and Talent Management marketplace to see who is doing what and which trends are taking hold. The purpose of this marketplace vigilance is to gather information and formulate recommendations for our ongoing product development that ensures HRN Management Group’s EPM solution, Performance Pro, remains a top performing (and selling) solution in the SMB marketplace. In addition to competitive analysis and real-time customer feedback to provide Performance Pro development input, I also read industry reports and analyst data. In 2006 DDI and The Conference Board co-sponsored a talent management survey authored by Richard Wellins, Ph.D. and Keith Caver (www.ddiworld.com/pdf/ddi_2006talentmanagementstrategiesconference_es.pdf) that I found quite interesting. The survey concluded that despite the majority of respondents having implemented the essential ingredients required for successful talent management, the state of their talent management programs is in disarray. This is because of three primary reasons.
1. Programs have not been properly rolled out, implemented, and integrated. 2. Top executives are not viewed as committed to talent management as a priority. 3. Gathered data is not utilized and analyzed to effect positive changes in the organization.