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TIM Talk: Intelligent Career Planning


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TIM Talk: Intelligent Career Planning

  1. 1. 1©2015 Saba Software, Inc. Bring Intelligence to Your Career Planning and Succession Management Strategy in 2015 June 11, 2015
  2. 2. 2©2014 Saba Software, Inc. Babak Salimi Product Marketing Director, Saba
  3. 3. 3©2014 Saba Software, Inc. Leverage Big Data and Prescriptive Analytics to  Identify Flight Risks and High Potentials  Develop Bench Strength for Key Positions  Help Employees Map Career Paths Within the Enterprise  Provide Personalized Compensation and Career Opportunities New Approach to Career Planning and Succession
  4. 4. 4©2015 Saba Software, Inc. • 84% of organizations report having a lack of candidates in the pipeline ready to assume open and critical positions [1] • 59% of companies polled say succession planning and career development are more challenging in today's economy [2] • Career management is considered a top priority by Millennials [4] • “Scripps Health (especially concerned with succession planning since half of its workforce is retiring or near-retirement baby boomers), has transformed their approach for talent development to reduce its turnover rate from 25% in 2010 to 10.4% today.” [3] State of Market: Career Planning & Succession [1] “2015 State of Leadership Development Study: Top Findings”, Brandon Hall Group [2] Global Workforce Leadership Survey – Jan. 2015 [3} “The global leadership gap“, The Economist, April 2015 [4] “Career Management Systems 2015: Enabling Employee Growth through Career Management”, Bersin
  5. 5. 5©2015 Saba Software, Inc. External Pull for our Talent
  6. 6. 6©2015 Saba Software, Inc. What percentage of employees would you say are actively seeking new jobs?
  7. 7. 7©2015 Saba Software, Inc. How Many of Your Employees are Sitting in the Departure Lounge? One Third of US employees are currently looking for a new job Jan. 2015 Retention and Leadership Survey Conducted by Harris Poll Reveals
  8. 8. 8©2015 Saba Software, Inc. 90% Calling to Drive Their Own Career Paths Jan. 2015 Retention and Leadership Survey Conducted by Harris Poll Reveals
  9. 9. 9©2014 Saba Software, Inc. • Lack of trust hinders innovation and long-term collaboration. • Talent today doesn’t want one employer for life anymore! • The time has come for a new employer-employee compact • Reciprocity: Both parties understand and acknowledge that they’ve entered into a voluntary relationship that benefits both sides. • An employee who is networking energetically, keeping her LinkedIn profile up to date, and thinking about other opportunities is not a liability. In fact, such entrepreneurial, outward-oriented, forward-looking people are probably just what your company needs more of. Tours of Duty: The New Employer-Employee Compact Reid Hoffman, Ben Casnocha, Chris Yeh
  10. 10. 10©2014 Saba Software, Inc.
  11. 11. 11©2014 Saba Software, Inc.
  12. 12. 12©2014 Saba Software, Inc.
  13. 13. 13©2015 Saba Software, Inc. • Be SMARTER about our people? – Using current and newer insightful SIGNALS – And NOT add additional staff • Could PROACTIVELY ACT before they bail/threaten to leave? – Prescriptive & specific recommendations – Reduce attrition/turnover • Nurture INDIVIDUALIZED & talent-centric career paths? – Taking into account both individual’s aspirations – And organization’s goals WHAT IF…?
  14. 14. 14©2015 Saba Software, Inc. Big Data and Prescriptive Analytics fueling Career Planning and Succession Management
  15. 15. 15©2015 Saba Software, Inc. But is Big Data and Analytics only for Google?
  16. 16. 16©2015 Saba Software, Inc.  Less than 25% of businesses worldwide are using advanced technology for insights into their people and effectiveness of their talent programs.  Just 23% are using big data and metrics visualization  Only 21% tap the predictive analytics potential of machine learning today March 2015 Global Workforce Leadership Survey conducted by Saba and Today’s Use of Intelligence @Work
  17. 17. 17©2015 Saba Software, Inc. Descriptive Predictive Prescriptive 80% of business analytics -- most notably social analytics -- are descriptive predicting data that we don't have based on assumptions and input recommending one or more courses of action -- and showing the likely outcome of each decision Evolution of Analytics Dr. Michael Wu, chief scientist at Lithium Technologies
  18. 18. 18©2014 Saba Software, Inc.
  19. 19. Analytics Reporting Legacy Application Architecture 2016 Prescriptive Application Architecture Humans still have to decide on best action Core Application Core Application Real-time analysis Predictions Suggestions Applications suggest action to be taken 2016: The Shift to Prescriptive Intelligence
  20. 20. 20©2015 Saba Software, Inc. Big Data & Prescriptive Analytics in Talent Management
  21. 21. 21©2015 Saba Software, Inc. Measure and Learn ActIdentify Prescriptive Analytics Framework  Compensation  Career Planning  Succession Planning  Machine Learning Algorithms  Machine Learning Algorithms Recommendations
  22. 22. 22©2015 Saba Software, Inc. Example: Employees Have Different Preferences
  23. 23. 23©2015 Saba Software, Inc. Prescriptive Analytics for Employee Retention Proactive Personalized Recommendations Before Locking Down your Budget
  24. 24. 24©2015 Saba Software, Inc. Insight into the Workforce Identify Your High Potentials and Rising Stars
  25. 25. 25©2015 Saba Software, Inc. Role Models
  26. 26. 26©2015 Saba Software, Inc. Rock Stars
  27. 27. 27©2015 Saba Software, Inc. Flight Risk
  28. 28. 28©2015 Saba Software, Inc. Succession Management and Calibration
  29. 29. 29©2015 Saba Software, Inc. Personalized Coaching for all Employees
  30. 30. 30©2015 Saba Software, Inc. Intelligent Career Planning
  31. 31. 31©2015 Saba Software, Inc. Prescriptive Analytics helping Career Planning
  32. 32. 32©2015 Saba Software, Inc. Start with current position Tools detect next position in track (or prompt selection) Intelligent To-do list is created based on path Intelligent Career Planning empower employee growth and self-development
  33. 33. 33©2015 Saba Software, Inc. Compare current vs required skills Take action Intelligent Career Planning empower employee growth and self-development
  34. 34. 34©2015 Saba Software, Inc. Add skills and learning to your to-do list Intelligent Career Planning empower employee growth and self-development
  35. 35. 35©2015 Saba Software, Inc. Retain Your Talent and Develop Leaders at All Levels with Proactive and Personalized Recommendations
  36. 36. 36©2015 Saba Software, Inc. Balance External vs. Internal Pull by Leveraging Prescriptive Analytics to Level the Playing Field Career Planning Prescriptive Analytics
  37. 37. 37©2015 Saba Software, Inc. Q & A
  38. 38. 38©2015 Saba Software, Inc. Thank You Babak Salimi,