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1Copyright © 2013. Infor. All Rights Reserved. www.infor.com@Infor_HCM 1
Copyright ©2014 Infor. All rights reserved. This presentation is provided for informational purposes only and does not constitute a commitment in any way. The information, products and services described herein are subject to change at any time without notice.
The real reason your top performers are leaving you
Jason Taylor, PhD
Infor Chief HCM Scientist
2Copyright © 2013. Infor. All Rights Reserved. www.infor.com@Infor_HCM
Question
Why do top performers choose to leave?
3Copyright © 2013. Infor. All Rights Reserved. www.infor.com@Infor_HCM
Top Performers Leave Because:
• Circumstances
• Lack of pay or benefits
• Internal Promotion
• Organizational restructuring
• Lack of promotional opportunities
• Lack a culture fit
• Can do the job but are not vested in the job
• Relationship issues at the peer and management level
• Does not fit their passion
• Lack of attention or recognition
4Copyright © 2013. Infor. All Rights Reserved. www.infor.com@Infor_HCM
When do Top Performers Leave?
Circumstances
Promotional
Opportunity
Culture Fit
Relationships
Recognition
5Copyright © 2013. Infor. All Rights Reserved. www.infor.com@Infor_HCM
Three Steps
Head Start on
the Future
Getting On
Track Quickly
Making it Work
6Copyright © 2013. Infor. All Rights Reserved. www.infor.com@Infor_HCM
What is Talent Science?
The ability to leverage
performance data to improve
future outcomes through people.
7Copyright © 2013. Infor. All Rights Reserved. www.infor.com@Infor_HCM
Talent Science at the Center
8Copyright © 2013. Infor. All Rights Reserved. www.infor.com@Infor_HCM
Three Steps
Head Start on
the Future
Getting on
Track Quickly
Making
it work
9Copyright © 2013. Infor. All Rights Reserved. www.infor.com@Infor_HCM
Performance
Profile
U.S. Patent 8,204,778
U.S. Patent 8,484,072
The “Backbone” of Talent Science
Complete
Assessment
Performance
Data
Incumbents
10Copyright © 2013. Infor. All Rights Reserved. www.infor.com@Infor_HCM
9.1%
Irene JonesAllison Jones
Product Manager
11Copyright © 2013. Infor. All Rights Reserved. www.infor.com@Infor_HCM
Increasing Odds for the Future
• Start with the data (measuring success in the job)
• Use the data to behaviourally define success in the role
• Remember more is not always better
• Fit is critical for long-term tenure
• What you can’t see (behavior) matters
12Copyright © 2013. Infor. All Rights Reserved. www.infor.com@Infor_HCM
Three Steps
Head Start on
the Future
Getting on
Track Quickly
Making
it work
13Copyright © 2013. Infor. All Rights Reserved. www.infor.com@Infor_HCM
Human Capital Management Cycle
Retain
Develop
Attract
14Copyright © 2013. Infor. All Rights Reserved. www.infor.com@Infor_HCM
Go Beyond Traditional Onboarding
• Get off to a good start (first 90 days)
• Don’t leave selection data behind, leverage it
• Set a positive tone for coaching and feedback
• Create a system to shapes your culture first (system = culture)
• Know the person!
15Copyright © 2013. Infor. All Rights Reserved. www.infor.com@Infor_HCM
Allison Jones
Product Manager
HR Services
Delivery
16Copyright © 2013. Infor. All Rights Reserved. www.infor.com@Infor_HCM
Coaching is Key
1. Understand Employee Readiness
2. Stay focused on specifics
3. Keep it real
4. Keep it balanced
5. Maximize time and quality
6. Make it beneficial
17Copyright © 2013. Infor. All Rights Reserved. www.infor.com@Infor_HCM
Allison Jones
Learning
Management
18Copyright © 2013. Infor. All Rights Reserved. www.infor.com@Infor_HCM
Three Steps
The science
of retention
Three key
actions
Making
it work
19Copyright © 2013. Infor. All Rights Reserved. www.infor.com@Infor_HCM
Talent
Management
Workforce
Management
Learning
Management
Core HR
Employee
Connect
Talent
Acquisition
Talent
Science
Robust
• Broadest solution in the market -
complete back office platform
• Single & multi-tenant SaaS
• Science-driven
• Socially-enabled
• Modern UX
• Industry analytics, benchmarks
and dashboards
• Flexible deployment approach –
Implementation Accelerators
Proven
• 5,000 customers
• 50M paychecks monthly
• 30 million applicants annually
Infor CloudSuite HCM
20Copyright © 2013. Infor. All Rights Reserved. www.infor.com@Infor_HCM
Allison Jones
Talent
Management
21Copyright © 2013. Infor. All Rights Reserved. www.infor.com@Infor_HCM
Job Fit
Positioned for success
Poorly positioned
Behavioral Level
Skill Level
Training required
Coaching required
Talent
Management
22Copyright © 2013. Infor. All Rights Reserved. www.infor.com@Infor_HCM
Team Fit
High
Functioning
Team
Low
Functioning
Team
Behavioral Level
Skill Level
Talent
Management
23Copyright © 2013. Infor. All Rights Reserved. www.infor.com@Infor_HCM
Team Fit
Behavioral Level
Skill Level
Talent
Management
24Copyright © 2013. Infor. All Rights Reserved. www.infor.com@Infor_HCM
Allison Jones
Talent
Management
25Copyright © 2013. Infor. All Rights Reserved. www.infor.com@Infor_HCM Copyright © 2014. Infor. All Rights Reserved. www.infor.com 25
Study parameters
• Sample size: 17,849 employees
• Study period: 2 years
• Comparison: “Recommended” by Talent Science vs.
“Not Recommended” by Talent Science
With Talent Science, store managers are improving customer
service and driving revenues to strengthen the company’s
leadership position in the retail industry.
Results
9.3%
Higher Sales to Goal
average by
“Recommended” hires
28.9%
Reduction in involuntary
turnover among
“Recommended” hires
Turnover reduction
28.9%
reduction
in
involuntary
turnover
“Not
Recommended” by
Talent Science
“Recommended”
by
Talent Science
26Copyright © 2013. Infor. All Rights Reserved. www.infor.com@Infor_HCM Copyright © 2014. Infor. All Rights Reserved. www.infor.com 26
Study parameters
• Sample size: 2,506 employees
• Study period: Over five years
• Comparison: Hired with Talent Science vs.
Hired without Talent Science
The study period consisted of two similar blocks of time to
document pre-deployment and post-deployment results.
Results
$5.6M
saved compared to previous
year’s turnover rate
60.96%
lower turnover rate after the
third month of employment
11.1%
higher monthly sales by
“Recommended” Managers on Duty
representing $9.5M/yr if applied to all hires
Turnover reduction
60.96%
lower
turnover
without
Talent Science
with
Talent Science
27Copyright © 2013. Infor. All Rights Reserved. www.infor.com@Infor_HCM 27
Copyright ©2014 Infor. All rights reserved. This presentation is provided for informational purposes only and does not constitute a commitment in any way. The information, products and services described herein are subject to change at any time without notice.
The real reason your top performers are leaving you
Jason Taylor, PhD
Infor Chief HCM Scientist

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The real reason your top performers are leaving you

  • 1. 1Copyright © 2013. Infor. All Rights Reserved. www.infor.com@Infor_HCM 1 Copyright ©2014 Infor. All rights reserved. This presentation is provided for informational purposes only and does not constitute a commitment in any way. The information, products and services described herein are subject to change at any time without notice. The real reason your top performers are leaving you Jason Taylor, PhD Infor Chief HCM Scientist
  • 2. 2Copyright © 2013. Infor. All Rights Reserved. www.infor.com@Infor_HCM Question Why do top performers choose to leave?
  • 3. 3Copyright © 2013. Infor. All Rights Reserved. www.infor.com@Infor_HCM Top Performers Leave Because: • Circumstances • Lack of pay or benefits • Internal Promotion • Organizational restructuring • Lack of promotional opportunities • Lack a culture fit • Can do the job but are not vested in the job • Relationship issues at the peer and management level • Does not fit their passion • Lack of attention or recognition
  • 4. 4Copyright © 2013. Infor. All Rights Reserved. www.infor.com@Infor_HCM When do Top Performers Leave? Circumstances Promotional Opportunity Culture Fit Relationships Recognition
  • 5. 5Copyright © 2013. Infor. All Rights Reserved. www.infor.com@Infor_HCM Three Steps Head Start on the Future Getting On Track Quickly Making it Work
  • 6. 6Copyright © 2013. Infor. All Rights Reserved. www.infor.com@Infor_HCM What is Talent Science? The ability to leverage performance data to improve future outcomes through people.
  • 7. 7Copyright © 2013. Infor. All Rights Reserved. www.infor.com@Infor_HCM Talent Science at the Center
  • 8. 8Copyright © 2013. Infor. All Rights Reserved. www.infor.com@Infor_HCM Three Steps Head Start on the Future Getting on Track Quickly Making it work
  • 9. 9Copyright © 2013. Infor. All Rights Reserved. www.infor.com@Infor_HCM Performance Profile U.S. Patent 8,204,778 U.S. Patent 8,484,072 The “Backbone” of Talent Science Complete Assessment Performance Data Incumbents
  • 10. 10Copyright © 2013. Infor. All Rights Reserved. www.infor.com@Infor_HCM 9.1% Irene JonesAllison Jones Product Manager
  • 11. 11Copyright © 2013. Infor. All Rights Reserved. www.infor.com@Infor_HCM Increasing Odds for the Future • Start with the data (measuring success in the job) • Use the data to behaviourally define success in the role • Remember more is not always better • Fit is critical for long-term tenure • What you can’t see (behavior) matters
  • 12. 12Copyright © 2013. Infor. All Rights Reserved. www.infor.com@Infor_HCM Three Steps Head Start on the Future Getting on Track Quickly Making it work
  • 13. 13Copyright © 2013. Infor. All Rights Reserved. www.infor.com@Infor_HCM Human Capital Management Cycle Retain Develop Attract
  • 14. 14Copyright © 2013. Infor. All Rights Reserved. www.infor.com@Infor_HCM Go Beyond Traditional Onboarding • Get off to a good start (first 90 days) • Don’t leave selection data behind, leverage it • Set a positive tone for coaching and feedback • Create a system to shapes your culture first (system = culture) • Know the person!
  • 15. 15Copyright © 2013. Infor. All Rights Reserved. www.infor.com@Infor_HCM Allison Jones Product Manager HR Services Delivery
  • 16. 16Copyright © 2013. Infor. All Rights Reserved. www.infor.com@Infor_HCM Coaching is Key 1. Understand Employee Readiness 2. Stay focused on specifics 3. Keep it real 4. Keep it balanced 5. Maximize time and quality 6. Make it beneficial
  • 17. 17Copyright © 2013. Infor. All Rights Reserved. www.infor.com@Infor_HCM Allison Jones Learning Management
  • 18. 18Copyright © 2013. Infor. All Rights Reserved. www.infor.com@Infor_HCM Three Steps The science of retention Three key actions Making it work
  • 19. 19Copyright © 2013. Infor. All Rights Reserved. www.infor.com@Infor_HCM Talent Management Workforce Management Learning Management Core HR Employee Connect Talent Acquisition Talent Science Robust • Broadest solution in the market - complete back office platform • Single & multi-tenant SaaS • Science-driven • Socially-enabled • Modern UX • Industry analytics, benchmarks and dashboards • Flexible deployment approach – Implementation Accelerators Proven • 5,000 customers • 50M paychecks monthly • 30 million applicants annually Infor CloudSuite HCM
  • 20. 20Copyright © 2013. Infor. All Rights Reserved. www.infor.com@Infor_HCM Allison Jones Talent Management
  • 21. 21Copyright © 2013. Infor. All Rights Reserved. www.infor.com@Infor_HCM Job Fit Positioned for success Poorly positioned Behavioral Level Skill Level Training required Coaching required Talent Management
  • 22. 22Copyright © 2013. Infor. All Rights Reserved. www.infor.com@Infor_HCM Team Fit High Functioning Team Low Functioning Team Behavioral Level Skill Level Talent Management
  • 23. 23Copyright © 2013. Infor. All Rights Reserved. www.infor.com@Infor_HCM Team Fit Behavioral Level Skill Level Talent Management
  • 24. 24Copyright © 2013. Infor. All Rights Reserved. www.infor.com@Infor_HCM Allison Jones Talent Management
  • 25. 25Copyright © 2013. Infor. All Rights Reserved. www.infor.com@Infor_HCM Copyright © 2014. Infor. All Rights Reserved. www.infor.com 25 Study parameters • Sample size: 17,849 employees • Study period: 2 years • Comparison: “Recommended” by Talent Science vs. “Not Recommended” by Talent Science With Talent Science, store managers are improving customer service and driving revenues to strengthen the company’s leadership position in the retail industry. Results 9.3% Higher Sales to Goal average by “Recommended” hires 28.9% Reduction in involuntary turnover among “Recommended” hires Turnover reduction 28.9% reduction in involuntary turnover “Not Recommended” by Talent Science “Recommended” by Talent Science
  • 26. 26Copyright © 2013. Infor. All Rights Reserved. www.infor.com@Infor_HCM Copyright © 2014. Infor. All Rights Reserved. www.infor.com 26 Study parameters • Sample size: 2,506 employees • Study period: Over five years • Comparison: Hired with Talent Science vs. Hired without Talent Science The study period consisted of two similar blocks of time to document pre-deployment and post-deployment results. Results $5.6M saved compared to previous year’s turnover rate 60.96% lower turnover rate after the third month of employment 11.1% higher monthly sales by “Recommended” Managers on Duty representing $9.5M/yr if applied to all hires Turnover reduction 60.96% lower turnover without Talent Science with Talent Science
  • 27. 27Copyright © 2013. Infor. All Rights Reserved. www.infor.com@Infor_HCM 27 Copyright ©2014 Infor. All rights reserved. This presentation is provided for informational purposes only and does not constitute a commitment in any way. The information, products and services described herein are subject to change at any time without notice. The real reason your top performers are leaving you Jason Taylor, PhD Infor Chief HCM Scientist