Just in time to help in replacing the aging baby boomer workforce, solution providers have unveiled a new genre of human capital management (HCM) technology called talent science, notes Lisa Russell, Infor industry strategy director.
'According to the Bureau of Labor Statistics, 3.6 million more people are projected to leave the workforce during the 2010 to 2020 time period, in comparison to the previous ten years,' Russell reports in a recent Industrial Distribution article headlined 'A New Approach to Identify Top Talent in Distribution.' 'Businesses across all industries, including distributors, will be affected by this shifting demographic. As a disproportionate number of skilled employees leave the workforce, how can companies find and keep top talent to replace tenured workers?
'… to address these challenges, distributors should consider implementing a new technology strategy that will help them to evaluate existing procedures and standardize, consolidate and streamline new practices for recruiting and retaining top talent. …
'Utilizing talent science technology can help distributors build a sustainable workforce comprised of individuals who are the best fit for their position and the company. This facilitates increased productivity and efficiency, and can lead to greater employee satisfaction.'