Towers Watson, a global professional services company, announced the release of Talent|REWARD v7.2, the newest version of the company’s flagship software solution that helps organisations deliver comprehensive talent management and reward programs.

Talent|REWARD v7.2 provides a broader range of capabilities for organisations looking to improve business results through better management of HR processes and their employees. These enhancements to the software solution were developed based on global guidance from Towers Watson’s clients, and technology delivery and support teams who interact with users of the product daily. The latest innovations in Talent|REWARD v7.2 also provide direct linkages to Towers Watson market survey data.

“With organisations increasingly looking for more efficient ways to identify talent, the demand for innovative talent management and reward technology has never been greater,” said Arvinder Dhesi, UK practice leader for Talent Management at Towers Watson. “One of the most significant enhancements found in Talent|REWARD v7.2 is the software’s ability to incorporate real-time social feedback and collaboration into an organisation’s talent management processes. Connecting employees is critical to innovation, engagement and speed of execution. Our latest version enables colleagues to share information, ideas and feedback more efficiently than in the past.”

“Talent|REWARD v7.2 also has significant new features that will allow users to manage, view, compare, and report on job and role profiles,” added Chad Daugherty, EMEA practice leader for HR Technology at Towers Watson. “With the proper job architecture, job levelling and role profiles in place, organisations have a solid foundation from which to build integrated pay, performance, succession and learning programs.”

The enhancements in the latest release focus on a few key highlights for each of the solution’s modules:

  • Platform, connecting employees is critical to innovation, engagement and speed of execution. Talent|REWARD now supports social collaboration and feedback to go along with the LinkedIn integration provided in the v7.1 release.
  • Performance and Succession, with Talent|REWARD’s new configurable “nBox” display, users can quickly analyse their decisions based on factors that are relevant to the business issue at hand.
  • Learning, analysing learning resource demand is an important part of providing the right content and experience for the growth and development of employees. Talent|REWARD v7.2 includes new reports and related functionality to help organisations optimise the resources they are providing.
  • Market Analysis and Compensation Design, role profiles are an integral part of an overall talent management plan. With Talent|REWARD v7.2, client-configurable role profiles are available as part of the Market Analysis & Compensation Design modules. Additionally, the new release has a robust and scalable Salary Structure Creation Wizard, which will help organisations with the process of creating salary structures.