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July 01, 2010
HR Professionals Pushing For Technology Updates
By John Vinson
During the recession, when budget cuts were being made across the board and people were losing their jobs, there was a branch of HR which became extremely valuable – Talent Management. With people being let go, it became vital to maximize performance from the employees still working. This trend of importance is still going strong in 2010, according to a survey by Towers Watson. They're a global services company who delivers trends in the HR world.

According to Towers Watson's survey, HR professionals listed 'talent/performance management systems' as the most critical issue of HR. 42% of the respondents listed talent management as the most important aspect of HR. Interestingly, 'cost' fell off the list of top HR issues. This has led to a drastic increase in HR technology budgets.

Tom Keebler, Global Practice Leader with Towers Watson's had this to say about talent management, "Talent management technologies have unquestionably become one of the best ways for companies and HR departments to drive better employee performance and enterprise success following the recession."

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