Approximately 30 per cent of a company's potential is lost due to ineffective performance management processes, yet 69 per cent of companies will take six months or more to decide on a talent management tool.

What causes companies to risk the loss of top talent with ineffective processes? It's "decidophobia" – the fear of deciding – that keeps them in stasis, worried about making the wrong choice.

Cornerstone has pulled together a brief explaining why you shouldn't be afraid of deciding on a talent management system.

Discover three reasons why saying "Yes!" builds a smarter, more productive workforce:

  • Align goals for success;
  • Use check-ins to save time and increase employee engagement; and
  • Incorporate learning to decrease turnover.

This is an advertiser-paid promotion. If you'd like to promote something in HR Daily, call Alicia McCarty on +61 2 9267 3800.