Tuesday, October 30, 2007
Tweet[IWS] Watson Wyatt: SUCCESSION PLANNING is TECHNOLOGY "WAKE-UP CALL" for COMPANIES [30 October 2007]
IWS Documented News Service
_______________________________
Institute for Workplace Studies----------------- Professor Samuel B. Bacharach
School of Industrial & Labor Relations-------- Director, Institute for Workplace Studies
Cornell University
16 East 34th Street, 4th floor---------------------- Stuart Basefsky
New York, NY 10016 -------------------------------Director, IWS News Bureau
________________________________________________________________________
Watson Wyatt
Planning for the Future: Next-Generation Practices in Succession Planning
http://www.watsonwyatt.com/research/deliverPDF.asp?catalog=2007-US-0241&r=x.pdf
[full-text, 12 pages -- free registration may be necessary to downlod]
Press Release
Succession Planning is Technology "Wake-Up Call" for Companies [30 October 2007]
Study Finds One-Third of Companies Adopting New Succession Planning Systems
http://www.watsonwyatt.com/news/press.asp?ID=18150
WASHINGTON, Oct. 30, 2007 Efforts to implement and improve succession planning programs are prompting many companies to reconsider the systems they use to manage talent, say experts at Watson Wyatt Worldwide, a leading global consulting firm.
"With labor markets tight and an onslaught of retirements predicted, succession planning is a priority for many companies and especially Boards of Directors," said Brian Wilkerson, national practice director for talent management at Watson Wyatt. "However, relying on intuition is no longer a viable succession plan. Instead, employers need to keep track of a broader pool of talent and thoroughly analyze all candidates' capabilities and experience. This is often more than current systems can handle, and it's serving as a technology wake-up call for companies."
Watson Wyatt's 2007 HR Technology Trends study of 182 large companies found that a third of them plan to adopt new technology solutions for succession planning in the next two years. A similar share (33 percent) plan to change the way recruiting is administered. Furthermore, HR executives said their organizations were far less satisfied with current talent management delivery than with health and welfare, defined benefit and call center administration.
AND MORE including TABLE....
More information on the Technology Trends study can be found at www.watsonwyatt.com/techtrends.
A white paper, "Planning for the Future: Next-Generation Practices in Succession Planning," can be found at http://www.watsonwyatt.com/research/whitepapers/successionplanning.
______________________________
This information is provided to subscribers, friends, faculty, students and alumni of the School of Industrial & Labor Relations (ILR). It is a service of the Institute for Workplace Studies (IWS) in New York City. Stuart Basefsky is responsible for the selection of the contents which is intended to keep researchers, companies, workers, and governments aware of the latest information related to ILR disciplines as it becomes available for the purposes of research, understanding and debate. The content does not reflect the opinions or positions of Cornell University, the School of Industrial & Labor Relations, or that of Mr. Basefsky and should not be construed as such. The service is unique in that it provides the original source documentation, via links, behind the news and research of the day. Use of the information provided is unrestricted. However, it is requested that users acknowledge that the information was found via the IWS Documented News Service.
Stuart Basefsky
Director, IWS News Bureau
Institute for Workplace Studies
Cornell/ILR School
16 E. 34th Street, 4th Floor
New York, NY 10016
Telephone: (607) 255-2703
Fax: (607) 255-9641
E-mail: smb6@cornell.edu
****************************************
_______________________________
Institute for Workplace Studies----------------- Professor Samuel B. Bacharach
School of Industrial & Labor Relations-------- Director, Institute for Workplace Studies
Cornell University
16 East 34th Street, 4th floor---------------------- Stuart Basefsky
New York, NY 10016 -------------------------------Director, IWS News Bureau
________________________________________________________________________
Watson Wyatt
Planning for the Future: Next-Generation Practices in Succession Planning
http://www.watsonwyatt.com/research/deliverPDF.asp?catalog=2007-US-0241&r=x.pdf
[full-text, 12 pages -- free registration may be necessary to downlod]
Press Release
Succession Planning is Technology "Wake-Up Call" for Companies [30 October 2007]
Study Finds One-Third of Companies Adopting New Succession Planning Systems
http://www.watsonwyatt.com/news/press.asp?ID=18150
WASHINGTON, Oct. 30, 2007 Efforts to implement and improve succession planning programs are prompting many companies to reconsider the systems they use to manage talent, say experts at Watson Wyatt Worldwide, a leading global consulting firm.
"With labor markets tight and an onslaught of retirements predicted, succession planning is a priority for many companies and especially Boards of Directors," said Brian Wilkerson, national practice director for talent management at Watson Wyatt. "However, relying on intuition is no longer a viable succession plan. Instead, employers need to keep track of a broader pool of talent and thoroughly analyze all candidates' capabilities and experience. This is often more than current systems can handle, and it's serving as a technology wake-up call for companies."
Watson Wyatt's 2007 HR Technology Trends study of 182 large companies found that a third of them plan to adopt new technology solutions for succession planning in the next two years. A similar share (33 percent) plan to change the way recruiting is administered. Furthermore, HR executives said their organizations were far less satisfied with current talent management delivery than with health and welfare, defined benefit and call center administration.
AND MORE including TABLE....
More information on the Technology Trends study can be found at www.watsonwyatt.com/techtrends.
A white paper, "Planning for the Future: Next-Generation Practices in Succession Planning," can be found at http://www.watsonwyatt.com/research/whitepapers/successionplanning.
______________________________
This information is provided to subscribers, friends, faculty, students and alumni of the School of Industrial & Labor Relations (ILR). It is a service of the Institute for Workplace Studies (IWS) in New York City. Stuart Basefsky is responsible for the selection of the contents which is intended to keep researchers, companies, workers, and governments aware of the latest information related to ILR disciplines as it becomes available for the purposes of research, understanding and debate. The content does not reflect the opinions or positions of Cornell University, the School of Industrial & Labor Relations, or that of Mr. Basefsky and should not be construed as such. The service is unique in that it provides the original source documentation, via links, behind the news and research of the day. Use of the information provided is unrestricted. However, it is requested that users acknowledge that the information was found via the IWS Documented News Service.
Stuart Basefsky
Director, IWS News Bureau
Institute for Workplace Studies
Cornell/ILR School
16 E. 34th Street, 4th Floor
New York, NY 10016
Telephone: (607) 255-2703
Fax: (607) 255-9641
E-mail: smb6@cornell.edu
****************************************
# posted by SBasefsky : 11:17 AM
