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Kronos preparing your people to lead

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David Almeda, Chief People Officer at Kronos presented on preparing your people to lead at MassTLC's workforce development summit, December 2013.

David Almeda, Chief People Officer at Kronos presented on preparing your people to lead at MassTLC's workforce development summit, December 2013.

Published in: Business, Technology

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  • 1. Kronos  at  a  Glance     •  ~$1B  Global  workforce  management  so6ware  company   •  Headquartered  in  Chelmsford,  MassachuseBs   •  Global:    ~100+  countries  served   •  ~3,600  employees  worldwide  in  ~25  countries     “No one in the workforce software market keeps innovating like Kronos.” $1 Bn $1,000 MM $800 MM $600 MM “When I saw the new Kronos user interface, my jaw dropped.” $400 MM $200 MM '02 '03 '04 '05 '06 '07 '08 '09 '10 '11 '12 FY13E EBITDA 18% 19% 21% 22% 23% 23% 24% 27% 30% 31% 31% 32% Margin Revenue © KRONOS INCORPORATED EBITDA December 13, 2013 1 The breadth of their offering, global capabilities, usability, and strong ROI makes Kronos a leader.
  • 2. Kronos  at  a  Glance     Data Awards + Quotes •  #1  in  the  HCM  Space.     Technology Leadership •  Tens  of  thousands  of  organizaPons—   including  more  than  half  the  Fortune   1000®   •  30+  million  daily  users     “We use Kronos as the poster child for UIs and for thinking out of the box.” •  Leading  provider  in  all  market  segments     Preferred by Customers •       4,000  customers  aBended  Kronos-­‐hosted            events  in  2013   •  Largest  market  share,  both  U.S.  and   worldwide,  of  any  WFM  vendor     •  AcPve  company-­‐wide  Net  Promoter  Score   (NPS)  program     •  MulPple  “Best  Employer”  Awards   Employer of Choice •  Engagement  Scores  well  over  the  High   Performance  Employer  benchmark  (Aon  HewiB)     •  CommiBed  to  being  the  Employer  of  Choice   everywhere  that  we  operate     © KRONOS INCORPORATED December 13, 2013 2 “… the market Champion is Kronos.” “Kronos is the #1 vendor in worldwide workforce management applications.”
  • 3. A  Clear  Talent  Management  Strategy…   Develop Retain Manage §  Attract - Hire Outstanding Talent §  Develop - Provide opportunities for people to excel, to develop their skills, and to achieve their career aspirations §  Manage - Drive a performance-based culture §  Retain - Keep employees with strong performance and values © KRONOS INCORPORATED December 13, 2013 3 Superior Results Business Plans & Strategy Attract Individual & Organizational Capability
  • 4. A  Constant  Focus  on  Talent…     •  Performance Evaluation begins •  Talent Review Session B ü  KPI review ü  Workforce planning ü  Key talent review (follow up) •  •  •  •  •  Pulse Check Engagement Survey •  Full Engagement Survey (Dive) •  Talent Review & Critical Seat Planning •  Talent review Session A ü  KPI review ü  Workforce planning ü  Key talent review (Dip) •  Leadership Event © KRONOS INCORPORATED December 13, 2013 4 Performance Evaluations Merit & Bonus Planning Goal Setting Development Planning
  • 5. Relentless  Concentra>on  on  Talent  Development…   Primary Objectives Develop  an  effec,ve,  High-­‐character  leadership  team  to   drive  short  and  long  term  business  success     • Increase  Individual  Capabili>es  –  Invest  in  Kronos  leaders  to  enable   them  to  be  even  more  successful     • Equip  managers  to  lead  in  a  manner  that  results  in:   •   One  consistent  Energized  and  Engaged  global  culture   •   An  environment  of  Innova>on,  Collabora>on          Produc>vity  and  Performance       © KRONOS INCORPORATED December 13, 2013 5
  • 6. Two  Levels  of  Focus  ….     Organizational Focus Individual Focus Core Curriculum Rotational Programs IDP 70/20/10 X-Functional Talent Sharing Global Mentoring Program Leadership Events Executive Coaching Action Learning Teams Individual Capability © KRONOS INCORPORATED Organizational Capability December 13, 2013 6 Superior Results
  • 7. Measurement  and  Calibra>on…     Attract Talent  Management     KPIs  (Examples)     2009   Quality     -­‐   -­‐   Time  to  Fill     -­‐   -­‐   Brand/Rep     Retain 2013   -­‐   -­‐   2009   2013     2009   2013   Vol  ABriPon   -­‐   -­‐   -­‐   IDP/FTE   Manage 2009   AW   - - Alignmnt   - - Rev/FTE   © KRONOS INCORPORATED 2013   - - December 13, 2013 7 100%   Dev  Quality     -­‐   62%   60%   82%   InnovaPon   -­‐   EE  Engmnt     TM Strategy -­‐   Top  Tlnt  AB.     Develop 60%   84%