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Fusion Talent and Compensation –
Creating Successful Talent Management
Lila Ravve
Inoapps
Talent Management
• Where is the organization going?
• What are overall organizational goals?
• How can Talent and Comp support the overall goals?
Oracle Cloud - Talent Management
• Performance Management
• Goals Management
• Talent Review
• Succession Planning
• Compensation Management
Performance Management
• Mid Year Reviews
• Annual Reviews
• Development Plans
Goal Management
• Define Goals for Incentive Compensation Plans
• Define Goals for Performance Plans
• Cascading Goals
• Organizational
• Departmental
• Manager
• Employees can share goals with others
Talent Review
• Provides facility for conducting Talent Review discussions
• Can dynamically move employees from one box to another as you
discuss
• Can drill into employees to review more details
• Create final talent rating for talent
• Determine plans for top talent as well as rest of staff
Succession Planning
• Top Layers of Organization
• Top three to start
• Hard to maintain the lower you go in the organization
• If someone leaves
• Who are potential successors?
• External vs. Internal Candidates
• Talent Pools
Oracle Cloud – Talent Management
• Employee Self Service
• Provides a place for employees to define their goals:
• Performance Goals
• Career Goals
• Personal Goals
Connecting the Pieces
• Goal Management
• Development Goals
• Based on Career Path
• Based on Personal Interests
• Competencies
• Improve those needed for current role
• Build or improve those needed for Career Path goals
• Performance Goals
• How will the employee be evaluated for their annual review
• Where do you want them to focus their time and effort?
Connecting the Pieces
• Performance Management
• Define Performance Goals
• Bring in to Performance document
• Use as part of performance evaluation
• Social Network – Kudos
• Bring in to Performance process to provide additional insight
• Talent Review
• Calibration of talent
• Ratings in line with organizational scoring
Connecting the Pieces
• Talent Review
• Performance Ratings
• Potential Rating
• What is potential for this person?
• What areas of the organization would best be served?
• Talent Review Meetings
• Evaluate Talent overall
• Evaluate Talent by Leadership
• Develop plans for Talent
• Development Plans
• Succession Plans
Connecting the Pieces
• Succession Planning
• Identify potential successors from goals and objectives defined by
employees in their personal goal and development plans
• Identify successors from Talent Review meetings
• Who are top talent?
• Who is ready for new challenges?
• Individuals identified as successors should have Development
Plans that will allow them to step in to roles within 2 – 3 years
• Individuals identified as successors should have alternative career
plans defined if blocked from moving up
Connecting the Pieces
• Compensation
• Retaining good talent involves compensating them appropriately
for their efforts
• Market surveys – are we compensating in line with our peers?
• Organizational review – calibration - are we compensating in line
with the organization?
• Compensation plans should motivate and encourage the right
behaviors and goals
Connecting the Pieces
• Compensation
• Can pull performance ratings in for use in Compensation planning
• Can pull Talent Review ratings in for use in Compensation planning
• Can pull Goal completion percentages in for use in Incentive
Compensation allocations
Questions?
• Thanks!

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  • 1. Fusion Talent and Compensation – Creating Successful Talent Management Lila Ravve Inoapps
  • 2. Talent Management • Where is the organization going? • What are overall organizational goals? • How can Talent and Comp support the overall goals?
  • 3. Oracle Cloud - Talent Management • Performance Management • Goals Management • Talent Review • Succession Planning • Compensation Management
  • 4. Performance Management • Mid Year Reviews • Annual Reviews • Development Plans
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  • 6. Goal Management • Define Goals for Incentive Compensation Plans • Define Goals for Performance Plans • Cascading Goals • Organizational • Departmental • Manager • Employees can share goals with others
  • 7. Talent Review • Provides facility for conducting Talent Review discussions • Can dynamically move employees from one box to another as you discuss • Can drill into employees to review more details • Create final talent rating for talent • Determine plans for top talent as well as rest of staff
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  • 9. Succession Planning • Top Layers of Organization • Top three to start • Hard to maintain the lower you go in the organization • If someone leaves • Who are potential successors? • External vs. Internal Candidates • Talent Pools
  • 10. Oracle Cloud – Talent Management • Employee Self Service • Provides a place for employees to define their goals: • Performance Goals • Career Goals • Personal Goals
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  • 13. Connecting the Pieces • Goal Management • Development Goals • Based on Career Path • Based on Personal Interests • Competencies • Improve those needed for current role • Build or improve those needed for Career Path goals • Performance Goals • How will the employee be evaluated for their annual review • Where do you want them to focus their time and effort?
  • 14. Connecting the Pieces • Performance Management • Define Performance Goals • Bring in to Performance document • Use as part of performance evaluation • Social Network – Kudos • Bring in to Performance process to provide additional insight • Talent Review • Calibration of talent • Ratings in line with organizational scoring
  • 15. Connecting the Pieces • Talent Review • Performance Ratings • Potential Rating • What is potential for this person? • What areas of the organization would best be served? • Talent Review Meetings • Evaluate Talent overall • Evaluate Talent by Leadership • Develop plans for Talent • Development Plans • Succession Plans
  • 16. Connecting the Pieces • Succession Planning • Identify potential successors from goals and objectives defined by employees in their personal goal and development plans • Identify successors from Talent Review meetings • Who are top talent? • Who is ready for new challenges? • Individuals identified as successors should have Development Plans that will allow them to step in to roles within 2 – 3 years • Individuals identified as successors should have alternative career plans defined if blocked from moving up
  • 17. Connecting the Pieces • Compensation • Retaining good talent involves compensating them appropriately for their efforts • Market surveys – are we compensating in line with our peers? • Organizational review – calibration - are we compensating in line with the organization? • Compensation plans should motivate and encourage the right behaviors and goals
  • 18. Connecting the Pieces • Compensation • Can pull performance ratings in for use in Compensation planning • Can pull Talent Review ratings in for use in Compensation planning • Can pull Goal completion percentages in for use in Incentive Compensation allocations