6 drivers your business must get to grips with in order of impact
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Delivered at ELN's Finance Leaders Event on Thursday 10th November 2022. ""Amid a complex and fractured corporate landscape, pressure is rising for HR leaders to steer business growth & health strategies. Backed by exclusive insight from thousands of HR, Finance and Payroll professionals, and a wealth of market-leading experience, SD Worx’s Head of Portfolio Stephen Ousley will explore… • The key HR trends from our latest global research • The evolving role of HR in driving business strategy • The importance of HR data and what opportunities it presents • Why combining tech & services is vital • How to create a blueprint for your own HR & Payroll ecosystem Armed with validated insight, HR professionals will leave the session with a fresh perspective on how to implement their own people management infrastructure."
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6 drivers your business must get to grips with in order of impact
- 1. Nov 2022 Delivered by: Stephen Ousley, Head of Portfolio, SD Worx
- 2. 1. SD Worx Payroll Proficiency Index polled over 1,300 respondents from 5 European countries. 2. SD Worx HR Data & Insights research surveyed over 4,000 HRDs from 14 countries.
- 3. 6 drivers are signalling what businesses need to get right HR must consider a blend of technology and service options Data and insights maturity is essential A harmonised ecosystem is essential for success
- 4. Legislative reality Complexity Speed of changes Collective agreements 6 drivers your business must get to grips with, in order of impact 1. Legislation 2. Reward 4. Technology 5. Capability 3. Workforce 6. Partner Reward policy Payment frequency Variety Flexibility Trends Digital maturity Integration Automation Architecture Accessibility Payroll organisation Payroll skills Domain expertise Industry knowledge Collaboration Composition Mobility Profiles Statutes Contracts Service provider Quality of provider Level of outsourcing
- 6. Data usage • Basic, separate, data sources • Operational, efficiency/cost driven • Enriched, combined data sources • Strategic, growth driven Digital approach • Pragmatic analysis techniques • Low automation & technology • Advanced analysis techniques • High automation, consolidation & technology 1. Basic Reporting “The Reporter” 2. Advanced Reporting “The Aggregator” 3. Basic Analytics “The Inspirer” 4. Advanced Analytics “The Innovator”
- 7. Source: Gartner, Data and Analytics: Trend Insights for R&D Leaders Published 13 July 2021.
- 8. 8 31.8% 29.9% 58.4% 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% Low maturity Neutral High maturity Do staff reports or insights have an impact on the policy decisions taken? (Very) often Sometimes Rarely or never
- 12. Reward
- 14. 5 key considerations when planning your ecosystem 1) Agree with ALL stakeholders which data set will be ‘the’ master system of record 2) Establish connectivity and integration standards for ALL current and future tools 3) Map user journeys for ALL personas within and across solutions, services and tools 4) Define your reporting and analytics solution needs in parallel with functionality 5) Build a Business Case based on wider organisational benefits (not just HR)
- 15. Get the foundations right and you’ll become the people ecosystem architect Physically map a visual blueprint of your ecosystem Engage all stakeholders in your SOR based on a value concept of 'Outcomes' Get your vendor/partner involved early in your business analysis stage Define analytics requirements as an objective, not just an output Be bold! Use specialist services where required in your ecosystem
- 16. 16
Editor's Notes
- ABSTRACT: Amid a complex and fractured corporate landscape, pressure is rising for HR leaders to steer business growth & health strategies. SD Worx is sharing our blueprint for success, backed by exclusive insight from thousands of HR professionals and a wealth of market-leading experience. We explore 6 key drivers impacting payroll proficiency, the evolving role of HR data & insight, and how combining tech & services is vital to creating the right ‘people ecosystem’. Armed with validated insight, HR professionals will leave the session with a clear path towards getting their own foundations right.
- Every year, we gather insights from thousands of HR leaders across Europe to build an informed picture of key drivers, opportunities and the evolving role of HR. Our new research (including our latest Payroll Proficiency Index of over 1,300 respondents from 5 European countries and our bespoke HR Data & Insights deep dive of 4061 HRDs across 14 countries to 300 employers / country) as well as our previous Future of Work and People Report reiterates that operational efficiency is still #1 priority, but this combined research picture has provided a far deeper understanding of the drivers to make it happen. Our Future of Work and People report polled over 2,700 HRDs
- Backed by exclusive insight from thousands of HR professionals across Europe and a wealth of market leading experience, SD Worx is sharing their blueprint for success. It all starts with getting your foundations right.
- HR and people analytics is a field of low maturity. However because of technological advancements, adoption is slowly increasing. How are HR and personnel data used in organisations? How do HR data support policy decisions and provide insights on the human capital of the organisation? This research is done in 14 European countries (BE, NL, FR, UK, DE, IE, AU, CH, PL, IT, ES, SE, NO, FI) and the aim is to collect data from approximately 300 employers per country. This survey was held in April and May 2022.
- GARTNER is a registered trademark and service mark of Gartner, Inc. and/or its affiliates in the U.S. and internationally and is used herein with permission. All rights reserved. Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner’s research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.