Providence, RI (PRWEB) March 17, 2009 -- HR Technology Solutions, the developer of the HRToolbench online suite of HR applications designed specifically for small and mid-sized organizations, has announced the release of a white paper titled, "The Day After Tomorrow: What steps should you take to prepare your company and its talent management practices for the inevitable economic upturn?" This white paper provides guidance and direction for business owners, executives and human resource professionals who are seeking talent management solutions suitable both for a difficult economy today and improved prospects tomorrow.
"Many business leaders are wondering what initiatives they should work on today to guarantee future success," said Robert Levy, president of HR Technology Solutions. "This paper shows them how to develop an effective talent management strategy that meets their workforce needs during a recession and gives them a competitive edge when tomorrow's recovery comes."
With insight from leading human resources practitioners and consultants, this paper discusses how development of competencies should be the basis for any talent management initiative, and drafting comprehensive job descriptions based on competencies will prepare a business to meet its current and future talent needs, among other advantages. This paper discusses how to build that strategy, including:
- Making competencies a key component of talent management
- Using performance management to focus priorities and avoid tomorrow's retention issues
- Establishing a defensible compensation strategy
- Building clear succession plans for key roles
