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The ROI Of Talent Management Infographic

The ROI Of Talent Management Infographic

Below are eye-opening statistics that highlight the business impact of investing in each of these three HR functional areas: recruiting, onboarding and learning, and performance management.

1. Recruiting

The US Department of Labor estimates that the average cost of a bad hiring decision can equal 30% of the individual’s first-year potential earnings.

2. Onboarding And Learning

In a study by Bersin, companies with high-impact learning programs generated, on average, three times higher profit growth than their peers.

3. Performance And Management

Over an 11-year time frame, companies that had a performance management culture grew net income by 756% versus a 1% growth over the same period for those that did not.

The Numbers Don’t Lie

Effective talent management simply makes cold, hard business sense. By including projected ROI – and perhaps even some of these statistics above – when pitching your proposed talent programs, you will be well on your way to making a more persuasive business case to the C-suite.

Via: www.saba.com

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