Learn how to fuel higher levels of business performance by developing, redeploying and retaining top talent.

This white paper explores the relationship between talent management strategies, processes and practices, and the advantages that can be gained by organizations coping with an economic downturn. Learn why talent management is the key issue for businesses worldwide and remains a central strategy in any economic season.

Executive Summary
Talent management has risen to the forefront as a central issue for today’s organizations worldwide and established itself as a key business strategy in any economic season. Regardless of market conditions, companies need to hire and manage their talent to fill positions and manage performance.

Even in recessionary times, history has shown that gross job creation does not significantly decrease. Successful talent management strategies deliver the twin benefits of lowered costs and increased productivity—which are especially welcome in a constrained business climate.

This paper explores the relationship between talent management strategies, processes and practices, and the advantages that can be gained by talent management for organizations coping with an economic downturn. It discusses the value of talent management in a low growth economy and outlines the aspects of talent management—especially internal mobility, performance management, and quality of hire—that can deliver significant business performance benefits in the midst of financial constraints.

Based on historical data and demographic trends, it dispels misconceptions that organizational focus is confined to compliance and audit trails, budget limitations, and downsizing when the broader markets decline.

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Taleo Research White Paper

Table of Contents
Executive Summary................................................... 1
Talent is Key.............................................................. 1
Changing Economic Climates................................... 2
Job Creation During a Recession ............................. 2
Job Functions in Demand......................................... 3
Turnover Concerns Top of Mind................................ 4
Managing Application Flow....................................... 4
Demographics Driving the War for Talent.................. 4
Performance Management........................................ 5
Unified Recruiting + Performance Advantages......... 6
Global Need for Talent............................................... 6
Constantly Changing Skill Sets ................................ 7
Opportunities to Gain Advantage.............................. 8
Talent Management Drives Performance.................. 8

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Leading organizations worldwide use Taleo on-demand talent management solutions to assess, acquire, develop, and align their workforce for improved business performance.

Taleo combines software, best practices and services so organizations can increase process efficiency, improve quality of hire, reduce risk, and return financial results.

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