Company marks two decades of achievements in Human Capital Development
Atkins, VA (PRWEB) - Twenty years ago, Joseph F. (Joe) Ellis recognized and defined a phenomenon that was causing critical market shifts: the rapidly accelerating rate of change in the demands on business. Markets and businesses were in constant flux caused by rapid advances in technology, increased competition, and expansion of government regulation. Change was occurring at ever increasing speed and on an ever greater magnitude. Companies struggled to deal with both the depth and rapidity of change.
Joe's recognition and understanding of this phenomenon launched his quest for a solution to address the impact of change and its effect on the workforce - and eventually led to the first fully-integrated Talent Management System, TEDS®.
The challenges that businesses experience as a result of frequent and rapid fluctuation required more than a short-term fix that would fade in a few years' time because it did not address the real problem, Joe Ellis theorized. Businesses that fail to adequately address new market pressures are sure to face declining market share, losses in profit, and regulatory fines. To succeed, Joe believed, businesses must have a long-term solution that addresses change. They need a lasting solution that will stand the test of time.
"My journey," says Joe, "led to the development of a theory and practical application that helps organizations manage this change and achieve business results. My software solution focused on managing a key resource: the workforce. To recognize the innovative focus on workers, I called the solution People Resource Planning (PRP)©. It was based on years of consulting with Fortune 500 companies. In the early 1990s, I worked with a Fortune 500 company to create a solution to manage training based on my philosophy of using an organization's workforce to respond to the rapidly changing market. After finishing the prototype, I created a unique consortium of companies that validated the principles of People Resource Planning and proved that those principles applied not just to a single company, but to any organization in any business vertical."
With his proven People Resource Planning theory as the foundation, Joe founded the company, TEDS, Inc., and launched the first Learning Management System (LMS) in 1989. The TEDS system was soon in use around the globe by world-class companies in diverse lines of business.
Joe and his staff continued to improve the system by adding what are now considered basic elements of Talent Management. Competency Management - based on employee roles, tasks and competencies - was the first major non-traditional LMS module to be added. Competency Management was followed by Performance Management. Tuition Aid Management - virtually unique in Learning Management Systems - was incorporated into the software system as was a robust capability for managing all facilities and materials associated with learning. Recruiting/staffing, succession, compensation and workforce management followed utilizing Joe's vision and the best practices of customers and members of the TEDS Consortium.
Originally, the acronym TEDS represented Training, Education and Development System. The breadth and scope of the TEDS software system outgrew its original descriptor but the name was retained, both for the company and its software.
With Joe's guidance, his staff continued to expand and enhance the TEDS LMS by adding new capabilities to the system. Central to the success of this expanded system was TEDS' dedication to a single-platform for all its human capital management software modules.
Over the past few years, Talent Management has become a popular term in business. Talent Management has excellent goals, such as hiring and retaining superior personnel; developing, motivating, and promoting key employees, and enhancing employees' capabilities to their employer's benefit. "Unfortunately," says Joe, "many organizations believe they have talent management but because the employee talent information they have is siloed - separated by departments or processes and isolated in different software platforms - these organizations have difficulty accessing quality data real-time for use in crucial human capital decisions. The lack of integration of these critical data sources results in costly inefficiencies and wasted time and money."
How can organizations overcome those problems to implement true Talent Management? "The principles of People Resource Planning provide the answer," Joe explains.
"Since I initially conceptualized PRP, it has emerged as a thoroughly honed instrument, a tool that enables organizations to manage its talent effectively - not just in the now, but in the short-, middle-, and long-term future. At long last, the skills and knowledge within an organization's workforce could be identified, planned and managed as a resource. PRP was the first theory to recognize the importance of total Talent Management."
Now, 20 years after Joe Ellis defined and proved the theory of People Resource Planning, his company TEDS, Inc., and his Talent Management System, TEDS, have stood the test of time, providing an integrated, single-platform solution that meets the business challenges that Joe first recognized. The TEDS solution integrates and manages workforce planning, talent acquisition, performance, competencies, learning, succession and compensation. This integration allows strategic talent decisions to be made quickly to achieve business success in a continuously and rabidly changing business environment.
What's next for this pioneering company? Joe says, "We plan to continue building on the sound principles of People Resource Planning, keep listening to our customers, and work intelligently and creatively to develop new technologies and Talent Management products to maximize workforce and organizational productivity."
TEDS®, Inc. offers the only organic and comprehensive enterprise-wide talent management solution that includes workforce planning and management, recruiting, staffing, competencies, performance, compliance, learning, succession and compensation. Employing a single platform, TEDS strategically aligns business objectives with all facets of the talent lifecycle. TEDS' products and services are deployed at some of the world's leading companies and organizations, including Verizon, Eastman Chemical, Dominion, Steelcase, Sandia National Laboratories, Philips Healthcare, Qwest, Mountain States Health Alliance, Norfolk Southern, Frontier Communications and Boston University Corporate Education Center. TEDS' Talent Management modules are available individually, in any combination, or as a comprehensive solution. For more information, visit http://www.teds.com or call TEDS Sales at 276.782.7206.
Vice President for Sales, Marketing and Customer Relations
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