A Social Business Announcement today! We (IBM announced) our intent to acquire Kenexa, a leading provider of recruiting and talent management solutions. This acquisition complements our existing social business capabilities. while gaining actionable insights from the enormous streams of information generated from social networks every day.
Over the last few years, social media has become a very important consumer phenomenon! IBM believes that the real value is generated through application of the technology to transform the front office, like SOA did to the Back Office. Our leading clients generate successful business outcome and ROI like Cemex which was able to deliver its first globally branded product in 1/3 the time, or Reliance who reduced their operating costs by 30% by integrating social business into their branch based operations.
CEOs understand they need to more effectively leverage their human capital to create competitive advantage. Leaders are looking for new ways to transform their front office processes by enabling a smarter more effective workforce. People focused businesses generate 26% more revenue per employee and had 40% lower turnover rates!
Through our leadership in social business, IBM has developed a unique perspective on what is required to enable a smarter workforce! As a recognized leader in end to end talent management solutions, Kenexa brings capabilities required to enable a smarter workforce.
Kenexa has more than half of the Fortune 500 companies. It supports the Social Business strategy of bringing relevant data and expertise into the hands of business leaders within every functional department. How? To help create a Smarter Workforce!
1. It helps companies to build skills by assessing interactions to identify how value is generated to create compensation plans and to analyze data across teams to understand trends and adjust skills base.
2. It helps to transform culture and processes. By understanding the sentiment to identify issues and influencers to improve your culture and processes.
3. It helps to better engage clients. By evaluating sentiment to address issues, and analyzing transactional data and big data to understand what your clients need before they do!
With this announcement of IBM’s intent to acquire Kenexa, we will help organizations to engage and enable a Smarter Workfoce!