Do you know the DNA of your workforce? Even if you do, how does it sync with your organisation’s core business strategy? Knowing the DNA of your workforce and syncing that info with your business strategy is the key to high performing companies. Strategic Workforce Planning helps organisations understand the talent required to deliver their strategy. Without it, you will be paying a significant cost. Ron talks about how to integrate this proven technique into your business process.
Ron Thomas, Chief Executive Officer – Gulf, Great Place to Work
2. Questions
What is happening?
Why is it happening?
What effect is it having on our
organization?
What is happening within our
organization that is affecting our ability
to perform or reach new goals?
What options do we have to improve
our position?
3. Analytics in use
Financial Services: Credit scoring, Fraud
detection & Underwriting
Retail-Marketing promotions, inventory,
demand forecasting
Manufacturing-Supply Chain optimization
Hospitality-pricing, customer loyalty and
yield management
Transportation-Scheduling, routing and
yield optimization
HR??????
4. What is your DNA?
Individual
1. Gender
2. Age
3. Ethnicity
4. Geography
5. Salary
6. years of experience
7. Education
8. Skill Set
Organizational
1. Region
2. Division
3. Work Unit
4. Function
5. Level
6. Geography
7. Product Line
8. New Skill Set
5. Enhancing workforce performance
1.An adaptable workforce that can rapidly
respond to changes in the outside
market
2.Leadership to guide individuals through
change and deliver results
3.An integrated talent management
model using data and information to
deliver strategic insights and measure
success.
6. Needs for the New Global Economy
1.Developing an adaptable workforce
– A critical capability
2.Revealing the leadership gap –
Future growth at risk
3.Cracking the code for talent
4.Driving growth through workforce
analytics.
7. Developing an adaptable workforce –
A critical capability
1.Predicting the future skill requirements
2.Effectively identify and locate experts
3.Collaborate across their organizations,
connecting individuals and groups that
are separated by organizational
boundaries, time zones and cultures.
8. Leadership gap – Future growth at risk
1.75% of surveyed see developing
future leaders as a critical issue.
2.Identify, develop and empower the
next generation of leaders
3.Broad range of opportunities from
across the organization
4.Matching potential leaders with
mentors early in their career
9. Cracking the code for talent
1.Ease and speed to change jobs
2.4.5 years per job
3.Different expectation of workforce
levels
4.Focus on the employee-lifecycle
5.Segmenting and targeting talent
6.Alternative labor pools
7.Corporate alumni
8.Social Networking
10. Driving Growth through Workforce
Analytics
1. HR and the business units to
engage
2. 2-way ongoing dialogue about
strategic workforce investments and
transformation programs.
3. Linking human capital information
with data from Sales, Finance and
other related departments
11. Employee Engagement
1.Workplace culture is the key to
business success.
2.Where are your engagement levels
headed?
3.Companies who focus on culture
experience 246% more employment
growth and level of talent
12. Companies who focus on culture experience:
Revenue Growth x4.1
Stock Price Growth +827%
Net Income +756%
Sales Per Employee +13%
Return on Investment x15
13. Major Themes of Analytics
Become more data-driven in our actions and
decisions.
Guide our organizations to build on success
and become more effective.
Build “meaningful” analytics and not measure
what is convenient or easy to measure.
Focus on practical uses, real world examples
and outcomes, not abstract or conceptual
treatments of human capital analytics.
16. Connection People and Business
Outcomes
Establish data-driven, HR Business Model
Cross Functional approach
Tying engagement to financial impact
Employee Engagement
Customer satisfaction
Reduction in accident and shrinkage rates
EE+ME+Customer Satisfaction
Sales increased
Reduction in shrink
17. Examples In Action
Branch Manager Toolbook
• Measure the business impact of 2 learning modules
• High Potentials performing below expectations
• Determine the link between learning outcomes and strategic factors
affecting bank
• Business Impact: Demand Deposit & Consumer loan
• ROI results were triple digits
Was training the factor?
• Trained consultants outsold untrained by 35 vehicles per
year.
• Does training increase retention of sales consultants
• Business case for dealers to send consultants for training
• 15.6 vehicles were attributable to training
Building Meaningful Analytics
18. Examples In Action
Building Meaningful Analytics
Maximizing Performance
• Build a culture of achievement: alignment
among multiple brands
• Foundation was the engagement Survey
The Value of Stability
• A surprising finding that opportunity was
limited for engineers who stayed with the
same manager for more than 3 years
The Impact of a Decline in Unwanted
Turnover
• The annual drop of unwanted turnover by 1%
equates to a savings of $400 million to the firm.
19. Examples In Action
Building Meaningful Analytics
Talent Sourcing
• MBAs from mid-western universities
have a higher quality of hire.
The Value of Networks
• IBM found that employees who enjoyed a larger
professional network had increased productivity.
The Value of the Blogosphere…
• Bloggers were more engaged and productive
—performed about 10% better than average.
Insert Cognizant Logo
Insert IBM Logo
20. Examples In Action
Building Meaningful Analytics
Insert Caesar's Logo
The Value of Benefits
• Caesar's found the true value of its health and wellness
programs
• Significant decreases in absenteeism and increases in
engagement, and preventive care visits… saving millions of
dollars
HR Practices Linked to Safety and Sales
• Higher human capital practices led to improved safety
in plants and stronger sales results in sales offices
The Value of Engagement
• Sysco’s operating units with highly satisfied employees
had lower costs, reduced turnover, higher customer
satisfaction, and higher revenues.
21. The Six to Eight Measures
Building Meaningful Analytics
Retirement eligibility for the role of petroleum engineer by
location
Depth of pipeline for the role of petroleum engineer
Depth of feeder positions for petroleum engineers
Time to proficiency for petroleum engineers
% of petroleum engineers in the employee referral program
Size of candidate backlog for petroleum engineers
% of petroleum engineers serving as mentors for junior
engineers
Number of action learning teams with senior and junior
engineers