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How Technology Can Simplify Talent Management

The emergence of talent management software solutions has helped many companies and organizations, specifically HR departments and teams, to simplify the way they find, attract, hire, and retain talented individuals.

However, a 2018 joint survey on job search trends revealed that 80% of full-time employees all over the world are actively seeking new employment opportunities while working with their current employer. It looks like even with modern talent management tools, business organizations are having difficulty keeping the majority of their workers.

That said, as new technologies break the surface, HR and talent management is set to become a breeze. Hopefully, these recent innovations will aid companies to find people who are not just the best fit for their organizations, but also those who are likely to stay.

1. Hire Smarter with BI

Most talent management system vendors will showcase their solutions’ ability to speed up the selection process by parsing resumes and automatically generating shortlists of candidates that meet specific criteria. While it does accelerate the filtering and selection stage, parsing and automated shortlists do not go beyond what is written in cover letters and CVs.

By incorporating business intelligence technology, or BI, with your talent management software, you can enhance your hiring process, identify the best candidates for the job, and solve problems in HR. BI tools can go deep into your hiring database, access large pools of prospects, and analyze which jobseekers match your requirements and other specifications.

BI hiring tools automatically measure costs per hire and quality per hire, as well as generate custom hiring performance success reports. This functionality helps you discover operational bottlenecks and issues as well as recommendations on how to optimize your hiring processes.

2. Identify and Monitor Workplace Sentiment via Analytics

It is crucial for any business organization to be aware of the prevailing sentiment in the workplace. Knowing what employees think and feel helps the higher management keep their workers engaged and motivated. While most employers utilize surveys to determine the sentiments of their employees, surveys are no longer producing actionable insights.

Conventional workplace surveys may have worked in the past. But it has certainly lost its charm and effect. According to a 2019 employee engagement study by Leadership IQ, 78% of companies said their employee engagement survey results scream poor quality and are unactionable.

Forbes contributor and leadership guru Mark Murphy explains that surveys are failing because companies are tackling too many workplace issues and yet fall flat in addressing them. This leaves employees disenchanted with surveys.

On top of that, surveys are expensive. From investing in an online form builder, building online survey forms and distributing them to gathering and analyzing feedback, all these cost your business money.

Fortunately, a new technology has emerged that is capable of measuring employee engagement and identifying sentiments in the workplace more accurately when paired with traditional surveys – sentiment analysis.

With sentiment analysis, the software gathers all the data from surveys administered by the organizations and dissects the information to determine the “whys” behind the responses. The software recognizes the prevailing “themes” of sentiment, such as benefits, training, burnout, workplace policies, specific employees, and so on.

This helps HR teams to quickly identify and review the sentiments and take action based on machine-analyzed and generated insights. Not on anecdotes, hunches, and guesses.

3. Provide Learning and Development Opportunities

Approximately 42 million employees were expected to exit their company and search for other opportunities back in 2018, according to a national study on workplace retention and turnover by the Work Institute. When current employers fall short of employees’ expectations and fail to address employee needs, workers tend to begin seeking and applying to potential new employers.

One of the reasons why employees leave the company is that employers fail to provide their workers with a career development growth plan. Workers tend to stay with a company for an extensive period of time provided there is a promise of growth and development.

But how do business organizations carve out a career plan for their employees? With performance management software, companies can measure critical KPIs such as engagement, productivity, and output efficiency. This solution helps them identify the strengths of their employees as well as problem areas that require addressing.

Combining talent and performance management systems with LMS or learning management software, companies are able to map out a career path for their workers. By helping employees acquire advanced skills and develop their existing ones, employers are enticing their workers to stay. Thus increasing retention rate while grooming employees to become indispensable assets in the future.

4. Get The Best Talent Through Social Media

From a talent acquisition perspective, social media presents employers with tons of acquisition opportunities if utilized correctly and effectively. It is a challenging task for companies. Yet when played right, acquisition teams can attract and hire the best talents via social media.

When you opt to leverage social media for hiring purposes, know that it’s way more than posting vacancies on your social media accounts. Trust is essential, especially after the Cambridge Analytica scandal and the purging of fake Twitter accounts back in 2018.

You have to create and distribute raw and authentic content that your target audience can relate to. Instead of influencers, you can get better results when you build and implement advocacy programs on social media with your employees as advocates.

Story sharing, online competitions, and 1-on-1 messaging via social media are expected to become hiring trends in the future as well with talent management system examples and demos showcasing such features.

9 ways your online Form builder is costing you time and effort

You may think that online forms are the fastest way to manage your call for applications, especially when you quickly start receiving applications. However, you are only saving time in the beginning of the process. Once you begin accepting applications, it becomes a nightmare. You are left alone with a vast number of applications to process.

Alternatively, a submission management software like Untap Compete is designed to simplify every step of the process. It is your optimal solution to launch and most importantly manage your calls for applications efficiently saving time and effort.
Let’s face it. It is easy and cheap to get started with form builders or/and email attachments. However, you find yourself lost trying to process all the applications. You end up wasting more time than you initially saved.

A dedicated submission management system will allow you to manage, evaluate, and communicate all in one place with just a few clicks.

How can you benefit from Submission Management Software and overcome the problems you face with Online Form Builders?

1. Workflow instead of just an initial setup
While online forms start the process quickly and easily, you get overwhelmed when you start receiving the applications. With a submission management software, there is a streamlined workflow covering every step of the process with the help of a set of features you choose based on your needs.

2. Screening and Filtration in one place
In online forms, screening and filtration are done separately, which requires so much manual work. However, the right way to do it is in the same place, with evaluation forms to give accurate scores and auto-scoring to calculate total scores and rank submissions automatically.

3. Judges and judging panels access
Instead of sending information to third parties and manually putting scores on submissions, you can do both tasks in one place by inviting judges to access submissions.

4. Communication with users is made easy.
Communicate directly with judges, applicants, and other team members on the system. Send emails in bulk, and set reminders to communicate feedback with applicants. Have a summary of all users in one place with all their relevant information.

5. Real-time analysis of submissions
Your dashboard includes a real-time analysis for your call for applications that tracks the performance of your call for applications so you can take corrective actions when needed.

6. Multi-phase rounds
Create multiple rounds for the same call for applications. Seek more information with more advanced stages. Qualify participants from one phase to the next based on the potential they show for each phase.

7. Flexible submission form builder with no limitations
Use a sophisticated drag and drop submission form builder, supporting file uploading.

8. Auto-save applications and submit later options
It is hard for applicants to fill their applications in one sitting with no ability to edit and continue later. Applications need to be auto-saved for the applicant’s convenience.

9. Have the complete picture of applicants and potential applicants
Monitor potential applicants who just signed up or still did not complete their application. Send them reminders to submit. If you only view the submitted applications, you are losing contact with all the potential applicants who still did not click on “submit”.

In conclusion, a Submission Management Software like Untap Compete streamlines the submission process and makes it easy for you to receive, screen, evaluate, communicate, and filter submissions. It is also just more convenient from the applicants’ point of view.

Learn more about Untap Compete plans and features.

Find better solutions faster through innovation challenges

Innovation competitions aka innovation challenges are effective tools organizations use to access and connect with expert communities, with the aim of collaborating to develop the best sustainable ideas and solutions, these solutions are hard to reach depending on internal resources only.

That’s why many companies are using innovation challenges to access external resources and engage startups, customers, students, universities, etc. in their innovation processes. For example, general electric launched GE Fuse, an open innovation platform to solve technical problems engaging engineers from all over the world.

So whether you are looking for a new idea, a creative concept, a solution for a technical challenge, or a talented candidate, innovation challenges are the answer.

Below are six reasons why you should consider innovation challenges for solving your biggest problems:

1. Fast way to find ideas
You can control the timeline applicants will have to brainstorm, conceptualize, and submit their proposals.

2. Cost-efficient
Sticking to your preassigned resources and still managing to reach out to hundreds and sometimes thousands of innovators, add to this using a submission software to save some staff time and get the screening and judging work done quickly and smoothly.

3. Creates Focus
An online innovation challenge allows you to focus on one problem at a time and direct all internal and external resources towards it. When you reach a final solution and while the winning team is executing their idea, you can redirect the focus to another challenge.

4. Generate Insights
In addition to the solution you select to implement, you will also access some valuable ideas and perspectives, innovation challenges will give you insightful remarks on the problem and a number of approaches to look into.

5. Build a community
Get the best out of innovation challenges by compiling a database of innovators to use for outsourcing and/or hiring.

6. Create a Competitive Advantage
Innovation creates competitive advantages and sustainable growth by producing unique products, creating efficiency, and/or adding value to an existing product or service.

With innovation challenges you are not just creating value for your organization, you are also reducing costs, the cost of being replaced or left behind, moreover the cost of not leading the future, these are the costs you pay when you do not innovate.

Streamline your innovation using Untap compete ‘s solution for innovation challenges.