Manufacturers need better goal alignment to stay competitive, study finds
November 11, 2010 by Mary Del
A new study from analyst firm Aberdeen Group draws a strong link between talent management processes such as goal alignment and employee development, and the overall success of manufacturing organizations. The study, Employee Performance Management in Manufacturing, takes an in-depth look at how manufacturing organizations can achieve best-in-class employee performance management.
The report assessed the talent management processes of 65 leading manufacturing organizations and found that best-in-class manufacturing organizations that have a strong focus on talent management, including the use of automated solutions, are better able to address compliance, create time and cost savings, and drive productivity through stronger employee engagement. The study also found that talent management has an important role to play when tackling a wide range of business drivers for manufacturers such as safety, compliance and quality. In addition, there is a strong link between corporate performance and goal management: the overwhelming majority of the highest performing manufacturers include goal alignment as a cornerstone of their talent management strategy.
To access the report, visit www.aberdeen.com/Aberdeen-Library/6815/SI-employee-performance-management.aspx.