Improve business performance and mitigate skills shortage

London, United Kingdom – (30/07/2012) – Research by SuccessFactors, an SAP company, shows that businesses can improve performance and mitigate the risk of the skills shortage simply by taking a good look at their most prized asset – their people.

As the shortage of some key skills grows, there are many questions being asked about the workforce: Where are the gaps that could impact business performance? Where will the talent shortages be in the future? Are those people already in your existing workforce? If not, how much will it cost to find them or replace them if they leave?

SuccessFactors’ research found that 83% of employees could do more for their employers and 58% of employees are prepared to leave if they are not developed by their employerⁱ. They recognise they have the capacity to be developed but their employers are unaware. As a result, all those valuable skills and experience could simply walk out the door and probably straight to a competitor.

Without integrated talent and analytics systems, important intelligence about your workforce is lost in a deluge of data living in disparate systems, so important talent decisions are effectively being made blind.

Many businesses are now using integrated workforce analytics solutions to gain important insights for example understanding the workforce’s capabilities and where the skills gaps are now, and in the future.  These solutions give the business the power to make informed talent decisions .

SuccessFactors is offering a benchmarking test that allows companies to see how they compare to other companies in terms of skills and performance management. Immediate recommendations on what you can do to improve and where to get guidance on creating a winning talent management strategy will be made.

To learn more about SuccessFactors’ latest research and to take the skilled workforce benchmarking test, visit http://www.successfactors-skilledworkforce.com/benchmarking.php.

In addition, for more information about SuccessFactors’ business execution software, visit www.successfactors.com.