How to activate your organization's talent engine?
In today's fast-paced and ever-changing business environment, companies must create a talent engine that can keep up with the demands of the market. This requires a system that can quickly identify and hire individuals with the right skills for the job. A well-defined skill ontology is crucial for creating an effective talent engine. Research by the Society for Human Resource Management (SHRM) has found that effective talent management practices were positively associated with employee retention, productivity, and engagement. A well-defined skill ontology can help organizations identify the right candidates for a job, create job descriptions, and assess the skills of current employees, leading to improved employee retention and productivity.
Assessment architecture is another key pillar of an effective talent engine. Research by LinkedIn found that 68% of recruiting professionals believed that assessing soft skills was critical to the hiring process. Furthermore, research by the University of Warwick found that happy workers were 12% more productive than their unhappy counterparts, emphasizing the importance of assessing both hard and soft skills in the talent acquisition process.
In today's rapidly changing business landscape, companies need a talent engine that can keep up with the demands of the market. Kognoz Talent Exchange offers a comprehensive platform that brings together dynamic roles, skill ontology, and assessment architecture to help curate talent data. Kognoz Talent Exchange is designed to enable the talent engine on any talent management system, including Workday, CornerstoneOnDemand, and DarwinBox.
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Through Kognoz Talent Exchange, organizations can identify and hire employees with dynamic qualities, measure the right skills, and use data to develop employees. This powerful platform allows for seamless integration of skill ontologies, job descriptions, assessments, and talent data management. With Kognoz Talent Exchange, organizations can quickly and easily identify the right candidates for the job, improve employee retention, and drive business success. By investing in Kognoz Talent Exchange, companies can leverage dynamic roles, a well-defined skill ontology, assessment architecture, and curated talent data to create an effective talent engine that will drive better business outcomes.