Talent Management and Workforce Shortage Software Solutions
Is Your Business Ready For The Looming Talent Readiness Threat?
Cornerstone has developed specific product and service offerings to help clients address the looming talent readiness threat – that is, the forthcoming shortage of skilled workers created by large-scale retirements of the Baby Boomer generation. By 2010, this talent shortage will impact organizations’ ability to execute goals and strategy. Retirements will create a knowledge/skill gap, which many believe will lead to a range of potentially difficult effects:
- Reduced productivity/production capacity
- Decreased quality of work
- Increased expenses due to attracting and retaining skilled workers
- Decreased competitiveness in market and
- Increased exposure to litigation
In short, these demographic factors are leading towards a situation where integrated talent management across the enterprise is as critical as ever. Cornerstone's products and services directly address the talent readiness issue today, when progressive companies know the time is right to start planning.
Cornerstone is the only solution provider helping companies assess talent, benchmark against industry and execute a roadmap for better talent management in the face of a looming talent crisis. By assessing the most critical areas for process improvement – whether it is in succession planning, competency management, learning management or performance management - organizations can address the problems in a phased-approach.