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Issue: 12 December 2008
Christmas
The Learning Factor Newsletter Survey 
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survey2 Over the past year, we have been sending you our monthly "Learning Byte" Newsletter. These newsletters aim to provide topical HR and Learning research to help executives stay current with global trends, to challenge current thinking and to consider new alternatives to meet your organisational objectives.

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Integrated Talent Management
IBM and HCI Research
Integration IBM and HCI have released a study of 1,000 organisations - Integrated Talent Management - that further validates the value and ROI.

A key finding is that "Organisations that apply talent management practices demonstrate higher financial performance compared to their industry peers."

The research is a three-part series about the return on investment of talent management, gaps in executing a talent management strategy, and recommendations for bolstering this capability.

Part 1 - Understanding the opportunities for success
Part 2 - Surviving corporate adolescence and reaching organisational maturity
Part 3 - Turning talent management into a competitive advantage: An industry view

The papers explain how investing in talent management capabilities linked to business strategy leads to competitive advantage and better financial performance than industry peers. Specific practices that boosted business performance included defining and supporting employee engagement and performance management.

To download the relevant research, click on the links above.

 
Global Human Resources Risk - From the danger zone to the value zone
Ernst & Young Research
HR A report by Ernst &Young takes an in-depth look at HR risks in terms of where they reside, how they should be approached and their role in business improvement. The report is based on the results of a survey conducted among multi-national finance, human resource and risk executives from Fortune 1000 companies around the world.

According to survey findings, companies are beginning to focus on the areas of risk that can make the business better, such as improved reporting and disclosure structures, cost reduction of operations and compliance, talent management, pay for performance and tone at the top. But despite these efforts, executives are still not managing HR risks with the same intensity as they do traditional issues. Survey findings include the following:
  • 41% of respondents say their Board of Directors either never formally reviews the companies' HR risk profiles or only reviews them on an ad hoc basis.
  • Less than half (42%) validate and prioritise their HR risk profile
  • Only 43% analyze HR risk coverage by business unit and develop, monitor and enhance their plans
  • Nearly half (46%) validate their HR risk with executive management and the audit committee
  • Slightly more than half (56%) of the respondents say they identify and document the likelihood and impact of HR risks to the organisation
Click here to download a copy of this report.
 
How To Create A Comprehensive, High-Impact Learning Strategy
Claire Schooley for Information & Knowledge Management Professionals Study
strategyTraining departments in companies of all sizes are revamping their training and learning programs. Why? Learning organisations must develop employee-centric, business-driven learning strategies that guide the successful deployment of learning that is more contextual and more relevant to employees' work. Workforce quality and productivity remains one of the most vital areas where an organisation gets significant competitive differentiation.

Click here to download a copy of this report.

BellsThis past year saw two distinctly different halves, with the second half disrupted by the global financial crisis.

Living through these difficult times is not always fun, but it can be a tremendous opportunity. Bill Gates recently said, "We are in an economic downturn but an innovation upturn." Our challenge now is to keep focused on our core business, identify areas that consume significant time without producing the business results your section is responsible for and begin to re-invent your department.

And most importantly, as the year draws to a close, enjoy each moment you spend with your family and friends. The team at The Learning Factor wish you all a very Merry Christmas and hope that over the festive break you can take some time to rest, restore and enjoy.

 
Sincerely,

Vicki Kossoff
Managing Director
P: +61 2 8211 0440
The Learning Factor

Click here to visit our website

In This Issue
Integrated Talent Management
Global HR Risk
Creating a Learning Strategy