SilkRoad technology-Sponsored Report Highlights Reduced Training Costs, Greater New Hire Engagement Through Use of Social Networking Tools — Complimentary copy of report made possible in part by SilkRoad sponsorship
HRchitect featured SilkRoad in our May 2008 release of The Suite Life of Integrated Talent Management and also includes them in our list of top Talent Acquisition Systems vendors that businesses should consider. SilkRoad participated in the Onboarding Systems panel on June 10, 2009 as part of theHRshow. SilkRoad competed in the HRchitect Beauty Pageant on Onboarding Systems in January 2009 where they were crowned the winner. Brian Platz, EVP and COO of SilkRoad also appeared on the HRchitect WebMingle on March 20, 2009. If you are looking for a new Talent Management System, or any HR system, talk to HRchitect first. We have unparalleled knowledge of the HR and Talent Management vendor community and can save you time and money in selection and implementation.
Organizations using blogs, wikis, internal social networks and other online collaboration tools throughout the talent management lifecycle demonstrated a 39 percent reduction in training costs while improving engagement and quality of hire by 33 percent according to a recent Aberdeen Group study sponsored in part by SilkRoad technology, inc., the leading provider of talent management solutions. The study, “HR Executive’s Guide to Web 2.0: Cracking the Code for Talent Management” provides a roadmap to Web 2.0 tools and examines how leading organizations achieve success by using social networking technologies throughout the talent management lifecycle.
Aberdeen interviewed well over 500 organizations for the study and found organizations utilizing Web 2.0 tools were twice as likely to achieve Aberdeen’s Best-in-Class designation. The report found 55 percent of all organizations that achieved the Best-in-Class designation utilized Web 2.0 tools to facilitate knowledge transfer and 36 percent used the tools to connect employees with colleagues within the organization. Social networking strategies used include company forums, employee communities, enterprise social networking, and employee profile pages.
“Organizations utilizing key social networking tools internally, such as employee forums/discussion groups and internal employee communities achieved a 37% year-over-year improvement in engagement – over three times the improvement seen by organizations not utilizing these technologies,” said Mollie Lombardi, research analyst, human capital management at Aberdeen and co-author of the report.
A complimentary copy of the Aberdeen report has been made available in part by SilkRoad at: http://www.aberdeen.com/link/sponsor.asp?cid=6070.
“This report proves that keeping talent engaged, from their first encounter with the company through training and beyond, can significantly impact the quality of hires. It also can dramatically reduce training costs,” said SilkRoad technology CEO, Andrew J. “Flip” Filipowski. “We always welcome the opportunity to participate in a study with Aberdeen and help make valuable information available to other organizations, allowing them to better recruit and retain the best employees for their teams.”
SilkRoad provides its clients – which include 62 of the Fortune 500 group of companies – with comprehensive talent management solutions. These integrated solutions manage the entire employee life cycle, cutting millions of dollars in human resources costs. With its award-winning Life Suite™, SilkRoad assists companies to attract best-fit talent, manage onboarding & employee transitions, maximize employee performance, provide a centralized learning management system, and deliver accurate information with employee intranets and content management systems.
For more information on SilkRoad, please visit www.silkroad.com
Matt Lafata, HRchitect