Employee Engagement – a key driver of business performance

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The Human Capital Institute has recently published a new report on managing human capital, with the title: Contract Talent: Are Contractors Included in Strategic Talent Management Initiatives? Based on a survey completed by 354 respondents between September and October 2010, the study explores the integration of contract workers into talent management programs.
Starting with 2002, Malaysia has taken important steps in recognizing the importance of knowledge, by launching a Knowledge Based Economy Master Plan directed towards transforming Malaysia in a knowledge based economy. One of the most important aspects considered in the plan was the increased importance that had to be showed to productivity and innovation, supported by effective management of both tangible but also intangible resources, such as human capital and knowledge (Husin et al, 2009).
Towers Watson’s 2010 HR Service Delivery and Technology Survey of nearly 500 large and midsize companies around the world clearly underlines that the top priority of HR executives in 2010 was talent / performance systems. The explanation for this result lays in the learning of the organization during the recession, that in order to maintain and increase performance while reducing costs, it is imperative to implement a more effective management of the talent kept and its performance.