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2 Posts tagged with the economy tag
1

From a Knowledge Infusion standpoint, this year is proving to be a record breaking year on all accounts in helping organizations drive strategic value from HR technology investments. We would be blind and short-sighted if we didnt see that all around us, organizations are dealing with budget cutbacks and much more scrutiny around investments throughout the enterprise. Organizations are continually weighing the value of core HRMS solutions vs. talent management technologies.

 

Please see the attached InformationWeek article on how CIO's are dealing with a tough economy. A few key points:

  1. Few New Hires
  2. Hold Off On Upgrades
  3. IT Inventory of High Potential Projects

As the HR spac continues to look at investments in technology, it is more important than ever to make these investments BUSINESS SYSTEMS, not HR SYSTEMS. In today's world, don't look for huge upgrade projects or huge ERP investments, look for quick-win, low hanging fruit, value-add investments to continue.

 

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As you continue to create business cases and budgets for 2009, where are you focusing? Where do you need assistance?

 

Link to article

 

Another infusion of knowledge...

1 Comments Permalink Tags: roi, business_case, economy
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Today, Circuit City, a retailer in the US announced that during Q4, they achieved a profit. You might ask, so what is the big deal about this and why are you writing about it in The Infuser. Well, this one paragraph is why we chose this news item today:

 

 

 

 

The CEO, Philip Schoonover said this to a large group of investors and analysts today waiting to hear that the company was bleeding more than ever. Instead, a PROFIT and TALENT?

 

 

 

 

While the company is NO WHERE NEAR out of the weeds and has a ton of work to do to turn itself around compared to some of it's competitors in the space, hats off to the CEO today for calling out TALENT as one of the drivers that will turn the company around into the future. Too few CEO's recognize this today and even fewer call it out in public. Look for this to drastically change into the future.

 

 

 

 

A down economy? Are we in one? If so, look for even more call outs about "right talent, right place, right time." I had the opportunity to talk to a reporter from The Wall Street Journal today and one of the things that we both agreed upon was that talent management and the visibility a CEO needs is higher than ever and organizations that are not focusing on this today might as well be prepared to be in his "Losers" column weekly. This has been a strategy of Knowledge Infusion for the past 18 months when working with our customers and I firmly believe that our customers are in a better place compared to their competitors tied to our efforts.

 

 

 

Circuit City executives did well today to call out talent. Let's hope that they truly do have the TALENT to turnaround the organization and they can prove the talent did it. We all need many more case studies on this top of mind topic.

 

 

 

 

Another infusion of knowledge....

 

 

 

 

Link to Forbes article

 

 

 

 

 

1 Comments 0 References Permalink Tags: talent_management, circuit_city, economy

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