Press release

Tata Interactive Systems in association with CTR encourages adoption of reporting standards for all human capital processes

MumbaiTraining Press ReleasesTata Interactive Systems

TIS, a thought leader & leading developer of learning solutions, is a ‘founding sponsor’ of the Center for Talent Reporting (CTR). CTR has developed a set of Talent Development Reporting standards for all key talent processes that help organizations run talent like a business.

Standards for establishing the reporting and management of human capital are truly critical to the talent & HR functions (including training) as a sincere governance practice, and Tata Interactive Systems (TIS) – the only truly global provider of learning technology solutions – is offering training & consultancy services to implement Talent Development Reporting principles (TDRp) for all human capital processes. TIS is also a founding Silver sponsor of the Center for Talent Reporting (CTR) – a non-profit organization that has established a framework for TDRp. In fact, the formal launch announcement of CTR was done at the Tata Learning Forum held in Washington DC in October 2012, in the presence of key CTR Board Members.

TDRp brings principles, standards, definitions, recommended statements & reports, and processes for all key talent processes including Learning and Development, Leadership Development, Talent Acquisition, Performance Management, Capability Management and Total Rewards. These standards provide the much needed guidance in defining the right measures to use and in constructing meaningful management reports. Once in place and consistently applied, the standards would also significantly increase the ease and value of benchmarking with other organizations.

David Vance, Executive Director for the Center for Talent Reporting, avers, “The introduction of the TDRp framework helps talent professionals plan, measure and manage to deliver business impact using a standard, yet flexible approach. TDRp helps you run talent like a business, identify business goals, align human capital initiatives to those goals, get upfront agreement with the sponsors on the expected impact, and then execute with discipline on a monthly basis using standard reports just like financial reports are used on a monthly basis to manage other aspects of any business.”

Adds Gajanan Kasbekar, Sr. Vice President, Tata Interactive Systems, “Till a few years ago, there was no agreed-upon standard for the reporting or management of human capital. Today, TDRp is considered as a groundbreaking initiative that brings standard principles and reporting to all human capital processes. Also, during the course of TIS’ year-long association with CTR, we have trained some of our key performance consultants in TDRp workshops. These performance consultants are today capable of defining, designing and implementing key steps in the TDRp journey for our clients, through levels of maturity.” Gajanan is one of the Advisory Council Members at CTR.

Hundreds of organizations are already using TDRp. Tata Interactive Systems (TIS) offers TDRp consulting services that can help align an organization’s L&D initiatives to its business goals and outcomes, making comprehensive analysis and reporting possible.

The Center for Talent Reporting

Established in August 2012, the main focus of this not-for-profit organization is to standardize and improve the measurement, reporting, and management of human capital through the adoption of the Talent Development Reporting principles which were developed by industry thought leaders in 2011 and 2012. CTR is supported by its members, representing 10 countries, and by sponsors like TIS. Members have access to a library with over 600 measures, sample statements and reports, tips and tools, and special discounts for workshops and conferences. CTR will soon launch a members-only community of practice and a directory of resources to increase members’ business acumen and management skills.

For more information about the Center for Talent and Reporting, CTR Sponsors, or past and future events visit http://www.centerfortalentreporting.org/

 

For more information, please contact:

Mr. Gajanan Kasbekar
Sr. Vice President
Tata Interactive Systems
Email id: gajanank@tatainteractive.com
Log onto www.tatainteractive.com