Differentiating Business Value Drivers and Benefits of Talent Management

Given the crowded and ever-changing HCM market, it’s important to understand the unique value that SAP SuccessFactors Talent Management provides. Read on for a brief overview of why organizations choose SAP SuccessFactors over the competition.

With the SAP SuccessFactors unified talent solution, organizations can adapt to the changing nature of work. Today, careers are more fluid, hybrid work is the new norm, and agility is critical to success. With unmatched depth and breadth when it comes to solution capabilities and a flexible, intelligent foundation, SAP SuccessFactors talent management solutions help build the skills needed for the future while empowering individuals to create a career that’s entirely their own. By enabling everyone to share more about who they are – their strengths, aspirations, and preferences – HR teams can match people with meaningful work and build optimal dynamic teams with ease. Together with trusted partners that extend our native solution capabilities, you can align people with purpose and drive peak performance while ensuring the agility needed for future business success.

SAP SuccessFactors talent management solutions enable organizations to achieve tangible, targeted business outcomes across end-to-end scenarios using a suite of applications for each step of the journey. The diagram below shows how talent management offerings align with key value points.

Let’s look at some key takeaways from this:

• Workforce Analytics can return a 5 – 10% reduction in turnover and a 10 – 20% improvement in HR reporting and analytics capability.
• Recruiting and Onboarding can return a 25 – 40% reduction in time to hire and a 30 – 40% reduction in cost per hire.
• Compensation Management and Opportunity Marketplace can return a 20 – 30% reduction in HR manual transaction effort and a 40 – 50% reduction in employee turnover.

Below are the key differentiators that set SAP SuccessFactors talent management solutions apart from the competition.

• The depth and breadth of integrated talent and learning solutions.
• A single source of truth for skills with the Talent Intelligence Hub, empowering organizations to shift from a reactive to a proactive approach in managing talent. By offering a personalized experience for employees, it enhances skill development and workforce planning. Moreover, the Talent Intelligence Hub is now an open, flexible platform that seamlessly integrates skills data from SAP partners, expanding its capabilities and driving greater business insights.
• AI capabilities and embedded talent intelligence to streamline and amplify talent management processes, driving higher impact across the entire organization.
• Proven best practices and results with 10,000+ customers of all sizes and across all industries and geographies using SAP SuccessFactors solutions.
• Continuous innovation to support new ways of working and future-ready workforces - both natively and with our 300+ HR partner apps.