The Essential Elements to Succeed with Talent Management
Why the Need for Talent Management!
Essential Elements of Integrated Talent Management
Key Considerations When Starting a Talent Management Initiative
Q&A / Summary
Talent Management is …
One Part Mindset
One Part Practices
One Part Technology
Giving Those that Have the Talent Mindset the Capability to Deliver
Gartner: What To Expect From Your System
“ A successful Talent Management integration strategy focuses on simplification and avoidance of redundancy.” Jim Holincheck, Gartner’s lead HCM analyst
Oracle EBS Talent Management Suite A Comprehensive Talent Management System User Productivity Kit Business Process Modeler Collaboration Suite HR Intelligence/DBI Recruiting Performance Management Career Planning Succession Planning Learning Management Compensation Solutions Portal, HR Intelligence, Web-based Self-Service Applications Competency/Profile Management Integration – Single Sign On, Workflow, Warehouse Core HRMS
Example Talent Management Customers “ As we serve global clients in a single, unified fashion no matter the location of delivery, Oracle Learning Management allows us to create consistency in our associates’ knowledge and create a unified company across the 26 operation centers we operate in the USA, China, India, Philippines, Poland, Hungary, Romania, UK, and Mexico. We could not maintain our rate of opening a 1,000 employee based office each quarter without these tools.” -- Steve Jolly, Vice President, Genpact "We don’t hire commanding officers, we grow commanding officers. PeopleSoft ePerformance gives us the ability to grow and retain highly talented people.” -- Captain Thomas Broderick, United States Navy
Everyone is concerned about talent.
Demographic Shifts and Workforce Globalization Have Created a War for Talent Aging Workforce + Less Skilled Workforce = Talent Crisis 1990 2000 2010 2020 140 150 160 170 180 190 Projected Gap In Skilled Workers by 2020 15 Million Skilled Jobs Numbers of jobs and workers, in millions (adjusted for multiple job-holding) Unskilled Jobs Work Force
Executives Need Answers to Key Questions
Are we retaining the best employees and where did we recruit them from?
Who are our top performers? How can we hire and develop more people like them?
Do workers have the skills needed to achieve performance goals?
Are the learning initiatives positively impacting performance?
Where is talent demand outpacing supply?
How much is turnover costing in customers? In productivity? In innovation? In quality?
What are the financial consequences of talent decisions on our business?
<Insert Picture Here> Essential Elements of Integrated Talent Management
Talent Life Cycle Talent Planning Career Planning Learning & Development Compensation Measure and Report Succession Planning Recruiting Performance Management
Getting Answers Requires Integration Do workers have the skills needed to achieve performance goals? Are we retaining the best workers? Where did they come from? Who are our top performers? How can we hire/develop/retain people like them?
Facts Tell……. Stories Sell…….
Customer Success Profile Bimbo Bakeries USA
Consumer Packaged Goods Industry
Location: Ft. Worth, TX
$1.2 Billion in Revenue
Lack of integration between HR, Payroll and Financials
Duplicate manual data entry
Wanted an integrated talent management solution
Difficulty with reporting
ORACLE E-BUSINESS SUITE
Integrated HRMS and Financials eliminated the many manual entries
Utilization of Employee and Manager self-service increased the accuracy of critical employee data needed for reporting.
Leveraged Oracle HR and Payroll best practices
Rolled-out an automated performance management solution
Advanced Benefits simplified management of complex plans and exportation of date to 3 rd party vendors.
February 2007 Source: Xcelicor
Customer Success Profile
High Technology Industry
Location: Portland, OR
Single source of workforce information
Strong recruiting functionality
ORACLE E-BUSINESS SUITE
Streamlined HR operations with a single, integrated Global system
Standardized and automated recruiting processes globally
Reduced ‘Time-To-Fill” vacancies by 7-10 days
Increased service levels to candidates
Improved candidate tracking and compliance
Gained greater visibility into candidate pipelines
Improved collaboration between recruiters and candidates
Decreased manual data entry with integrated HRMS solution
“ Our recruiting strategy is helping drive growth for our company worldwide. Oracle iRecruitment has enabled our company to significantly improve our global staffing processes and reduce time to fill.” CUSTOMER QUOTE: Kathy Gallaway Senior Manager, HR Systems & Payroll Tektronix
<Insert Picture Here> Key Considerations When Planning Your Own Talent Management Initiative
A Show of Hands – Your Entry Point
Learning and Development?
Succession / Leadership?
Current Application Environment
Talent Management Strategy and Vision
Integrated Solution vs. Interfaced Solution
Business Community Support
Integrated Solution vs. Interfaced Solution
Some client feedback…
Build a complete Talent Management Strategy around a core HR system of record
Understand the long term impact of interfaced solutions
Limited business flexibility
Time, resources, and costs to develop, test, deploy
Both IT and business resources impacted
Effort incurred with each application change, upgrade, etc.
Ultimately, great challenges with reporting and analytics
What are the critical questions your business will demand answers for?
How will your ERP platform deliver the information needed?
What are the dependencies and possible limitation with other applications, such as Financials or other point solutions/ASP/SaaS?
What are the implications to an interfaced solution versus an integrated solution?
Begin with the end in mind
Business conditions and labor markets require a focus on talent management via a comprehensive and well-executed HCM strategy
HCM technology plays a key role to deliver an integrated talent management strategy
Single, enterprise-wide system with a competency foundation
Integrated programs and business processes
Development and execution of Talent Management is accomplished in multiple phases, and every firm is at a different point
Functional Overviews I-Recruitment
Functional Overviews Performance Management
Define Individual Goals & Competencies Manager Self Service Manager’s task list
Define Individual Goals & Competencies Setting Objectives Set objectives for individual employees Cascade objectives downwards
Define Individual Goals & Competencies Employee Self Service Only active tasks are enabled
Track Objectives Progress Personal Scorecard
View of employee’s scorecard after objectives setting