Software provides succession management solution.
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Press Release Summary:
Saba Talent allows organizations to manage and track development of employee talent, ensuring acquisition of requisite skills and competencies. Software also aids in identification, development, and retention of key employees with regards to talent management. Used to implement plans to develop talent within organization, it supports non-targeted talent pools and helps replace critical employees with qualified and knowledgeable successors.
Original Press Release:
Saba Introduces First Integrated Learning, Performance and Succession Management Solution
Saba Talent helps organizations develop top performers for the demands of future positions.
Saba (Nasdaq:SABA), a leading provider of human capital management (HCM) solutions, today introduced Saba Talent, a talent and succession management solution designed to help organizations align today's employees to future requirements. Saba Talent is a succession management solution that enables organizations to do more than simply create a list of possible successors for a targeted job. Instead, Saba Talent allows organizations to manage and track the development of their talent pool, ensuring the acquisition of requisite skills and competencies.
Faced with high turnover and an impending retirement boom, many large companies are faced with the daunting challenge of managing talent -- the identification, development, and retention of key employees. To reduce the operational risks associated with the loss or movement of these employees, organizations are proactively implementing plans to develop talent within the organization.
"Replacing critical employees with qualified and knowledgeable successors is by far one of the greatest challenges of human capital management," said Bobby Yazdani, chairman and CEO of Saba. "In today's global marketplace, companies cannot afford to lose competitive edge, organizational knowledge or operational efficiency when they lose a key employee. Saba Talent allows organizations to successfully manage succession and reduce operational risk."
Key Features in Saba Talent
Saba Talent helps large enterprises develop strategic succession plans, which mitigate the risks of lost knowledge, increased costs and lowered productivity associated with the loss or transfer of key employees. Saba Talent helps customers with:
Succession Management, More Than Succession Planning -- With tight integration into Saba Enterprise 2005, Saba's integrated HCM solution, Saba Talent enables organizations to actively groom employees for identified jobs or targeted skill sets. Identified candidates in a talent pool can be ranked according to current skills, competencies and/or readiness for a role. Additionally, they can be assigned performance or development goals, for which they can seamlessly access learning to prepare for potential positions. Candidate progress is tracked within Saba Talent, so organizations can assess bench strength for key positions and execute succession management decisions at any time.
Developing Top Talent at All Levels of the Organization -- Unlike traditional succession planning tools, Saba Talent allows organizations to develop succession strategies for any position in the organization, not just top executives. Managers can identify potential candidates by targeted skill sets, competencies and other qualifications, developing top performers at all levels for future responsibilities.
Support for Non-Targeted Talent Pools -- While most succession planning tools are designed to identify possible successors for a vacant or soon-to-be-vacant position, Saba Talent allows organizations to proactively identify and manage talent pools that are not aligned to a particular job. With Saba Talent, non-targeted talent pools can be used to identify and groom employees with high potential who are not yet tracking to a particular job.
Saba Talent is available today. For more information, please visit www.saba.com.
About Saba
Saba (Nasdaq:SABA) is a leading provider of integrated Human Capital Management (HCM) solutions. Saba enables The Aligned Enterprise(TM) by aligning goals, developing and motivating people, and measuring results -- driving greater organizational performance.
More than 10 million current users in over 30 countries use Saba today. Customers include ABN AMRO, Alcatel, Bank of Tokyo Mitsubishi, BMW, CEMEX, Cisco Systems, DaimlerChrysler, Dell, Deloitte Touche Tohmatsu, EDS, EMC, FedEx Kinko's, Lockheed Martin, Medtronic, National Australia Bank, Novartis, Petrobras, Procter & Gamble, Scotiabank, Sprint, Standard Charter Bank, Swedbank and the U.S. Army and Navy.
Headquartered in Redwood Shores, California, Saba has 20 offices worldwide. For more information, please visit www.saba.com or call 877-SABA-101 or 650-779-2791.
Saba, the Saba logo, and the marks relating to other Saba products and services referenced herein are either trademarks or registered trademarks of Saba Software, Inc. All other trademarks are the property of their respective owner.
