IBM has launched IBM Kenexa Talent Suite, a Software-as-a-Service (SaaS)-based service that allows Chief Human Resources Officers (CHROs) and C-Suite executives to gain actionable insights into the deluge of data shared every day by their workforce.
The IBM Kenexa Talent Suite includes Talent Acquisition, Talent Optimization, and Social Networking.
An upcoming IBM C-Suite study that surveyed 342 CHROs representing 18 industries finds that just over half of the organizations are using workforce analytics with far fewer applying predictive analytics to optimize decision making and outcomes in areas such as sourcing and recruiting (7 percent), employee engagement and commitment (9 percent) and talent development (10 percent), retention (13 percent).
The CHRO study also found that human resources executives are in the early stages of applying social approaches within the organization. Currently, 66 percent are regularly using social for their recruiting efforts, but only 31 percent are using it for knowledge sharing and 41 percent for learning.
The cloud software combines social business capabilities to streamline, modernize and add precision to hiring practices, increase workforce productivity and connect employees in ways that impact business results.
Interested customers can complement the Suite with Watson Foundations, a comprehensive, integrated set of big data and analytics capabilities that enable clients to find and capitalize on actionable insights. It provides the tools and capabilities to tap into relevant data and apply full range of analytics to gain fresh insights in real-time, securely across an enterprise.
Using Watson Foundations customers will be able to conduct a deeper level of analysis on key workforce-related data, identify trends within the workforce, predict future trends and proactively take action. Executives can also look at the profiles and work performance of their top employees and determine the appropriate type of rewards needed to keep them engaged.
The solution allows organizations to streamline, modernize and add precision to hiring practices, increase workforce productivity and connect employees in ways that impact business results.
HR professionals can look at large volumes of employee data such as work experience, social engagement, skills development and individual interests – to identify the qualities that make top performers successful. This information can be used to pursue candidates through additional targeted social marketing on social recruiting sites.
The IBM Connections capabilities help employees share information and find the right experts to accelerate learning and increase productivity and engagement. It also provides business leaders with analytics and reporting to better understand emerging employee trends and more efficiently manage each individual career path in areas like skill attainment, performance appraisals, compensation, succession planning and more.