WAYNE, Pa. (February 27, 2008) – Research conducted by the Kenexa Research Institute (KRI), a division of Kenexa®™, KRI’s annual survey of worker opinions. The survey included workers from Brazil, China, Germany, India, the United Kingdom and the United States. (NASDAQ: KNXA), a leading provider of talent acquisition and retention solutions, evaluated workers’ views of their organization’s dedication to talent management and its effect on employee engagement. The report is based on the analysis of data drawn from a representative sample of workers surveyed in 2007 through WorkTrends
For many years, academics and practitioners have recognized the influence of talent management (e.g., career path programs, goal development and monitoring, regular feedback sessions with managers, tracking progress) on employee execution and motivation to complete a task. What might have been overlooked is the positive effect that an organization’s talent management practices have on how an employee feels about the capabilities of their manager, their job satisfaction and their intent to stay with the organization.
The results from the latest cross-culture study indicate that among the six countries surveyed, only 25% of workers believe their organizations provide strong guidance in terms of goal setting, managerial feedback and career development. Workers in the United States are more likely (53%) to indicate their organizations invest in and regularly practice talent management, compared to approximately 10% of surveyed workers in Germany and China.
Across all six countries, organizations with a focus on talent management have employees who are more engaged, and who are more satisfied with their job and the company overall. Having a strong talent management culture also favorably impacts how workers rate their pride in their organization and willingness to recommend it as a place to work. Additionally, if employees have favorable views of the organization’s talent management practices, they are more likely to have confidence in the future of the organization.
Employees who believe in their company’s talent management efforts also have more favorable opinions of their management. These employees believe their manager effectively manages the workload and that senior management demonstrates employees are important to the success of the company. They are also more likely to feel a sense of job security, be satisfied with on-the-job training, feel that performance is evaluated fairly and experience greater feelings of personal accomplishment.
“People have a fundamental need to know how they are doing and what the future holds for them. It’s simply part of who we are. Organizations that understand this and have the process in place to make it happen have an advantage over their competitors. Not only are they going to outperform their competitors, but they are building a more engaged and committed workforce. Those who don’t get it are the ones constantly scrambling for talent and spending a lot more on recruitment and training. Their customers also know this and are less loyal, as a result,” said Jack Wiley, executive direction, Kenexa Research Institute
Kenexa provides talent management solutions which include software for large enterprise, mid-market and hourly applicant tracking, onboarding, performance management, succession planning, career development, mentoring programs and HR Analytics. Kenexa's Talent Management solutions automate hiring, retention and succession planning processes giving organizations visibility of and access to hiring and retention data.
The Kenexa WorkTrends database is a comprehensive normative database of employee opinions on topics including leadership, employee engagement and customer orientation. Comparisons are available for workers from Brazil, China, Germany, India, the United Kingdom and the United States.