Winning the War for Talent

Transcription

1 Winning the War for Talent with Holistic Talent Management Tim Kelleher KBACE Technologies 1

2 Agenda Introduction The War for Talent Point Solution Viability Strategies for Winning the War for Talent How do I get budget approval? (ROI) 2

3 The Perfect Storm for Holistic Talent Management Impending Talent Shortage Point Solution Viability Comprehensive ebusiness Suite Offering 3

4 Leadership How to Fill the Talent Gap By DOUGLAS A. READY and JAY A. CONGER September 15, 2007; Page R1 It's no secret that global companies are finding it harder to fill critical jobs these days. They're struggling to land top recruits in emerging markets, for instance, and haven't prepared people in their own ranks to step seamlessly into management slots. Companies are racing to find solutions, but most of them are making a crucial error: They're treating these problems as separate issues. At most multinationals, a host of problems in recruiting and developing talent are converging to create a perfect storm -- a crisis that could derail the company's growth strategies. To meet the challenge, companies must rethink how they hire, train and reward their employees, placing those tasks at the heart of their business plans. In doing so, they have an opportunity to address all these separate problems with a unified plan, rather than waste time and resources attacking each of the issues individually. 4

5 The Impending Talent Shortage 5

6 Everyone is concerned about talent. 6

7 Baby Boomers retiring 7

8 Higher Education Flat Lining 8

9 Equal Shortage of Skilled Workers 9

10 Point Solution Viability 10

11 Point Solution Viability Recruitmax (now Vurv) buys CCH KnowledgePoint Workstream buys PeopleView Authoria buys Advanced Information Management Resumix acquired by Yahoo and now no longer supported. isearch out of business Restrac became Web Hire. Web Hire was acquired by Kenexa Personic went out of business and became Xperius Xperius was later acquired by UniCru UniCru was then aquired by Kronos Hire.com was acquired by Authoria BrassRing was acquired by Kenexa 11

12 .and it continues On July 1 st, 2008 Taleo acquires Vurv As the economy continues to struggle who will be the next point solution to be bought or just close its doors forever? 12

13 Comprehensive ebusiness Suite Offering 13

14 Gartner: What To Expect From Your System 14

15 Oracle EBS Talent Management Suite A Comprehensive Talent Management System Business Process Modeler User Productivity Kit Collaboration Suite Portal, HR Intelligence, Web-based Self-Service Applications HR Intelligence/DBI irecruitment Performance Management Career Planning Succession Planning Learning Management Compensation Solutions Competency/Profile Management Integration Single Sign On, Workflow, Warehouse Core HRMS 15

16 Strategies for Winning the War for Talent 16

17 In the War of Talent.. Retention is your best Weapon 17

18 Strategies for Winning Give employees the tools they need to tell you what they know. - Track Skills/ Competencies - Track Education and Qualifications - Tool to create a Working Resume - Search Agents to proactively notify of new Openings 18

19 Strategies for Winning Give Managers the tools they need to tell employees what is necessary. - Performance Appraisals - Skills/Gap Analysis - Learning Paths - Compensation Workbench 19

20 Tracking Skills 20

21 Tracking Skills 21

22 Tracking Education & Qualifications 22

23 Create a working resume 23

24 Search Agents = Proactive Notification 24

25 Strategies for Winning Give Recruiters the tools they need to find who is the best fit. - Suitability Matching - Candidate Pool that includes BOTH Internal and External sources. - Assessments - Blended search of Structured and Keyword - Search Agents to proactively notify of new Candidates 25

26 Suitability Matching 26

27 Suitability Matching 27

28 Suitability Matching 28

29 Find Candidates 29

30 Internal & External Candidates 30

31 How do I get budget approved for..? Recruiting Performance Reviews Employee Training Reporting 31

32 Recruiting - irecruitment Before After 32

33 Why Recruiting? Time to fill reduced by 50 63% Agency fees reduced by 45% Offer Letter time 1 hour manually 11 minutes electronically Offer Letter cost - $50 per offer to $3.00 per offer Improve time required to process a job requisition by up to 25% Improve time required to apply for a job by up to 50% Sources: Aberdeen 33

34 Performance Reviews Before After 34

35 Why Performance? Companies who use an automated solution Improve Employee satisfaction up to 22% Increase Performance up to 21% Improve Retention up to 21% 50% Less likely to report a drop in revenue in the last 12 months 44% Less likely to experience a decline in Profit. 3 X s as likely to be Very Satisfied with their Performance Management solution Source: Aberdeen 35

36 Employee Training Learning Management Before After 36

37 Why Learning? 45% of companies rank talent development as a Top Two business priority 30% of companies identify an employee learning and development system as a Top Two technology investment Talent management and acquisition rated first in senior leadership s list of the most important short-term issues. CIO s rank attracting, developing, and retaining talent as their No. 1 concern. Sources: Aberdeen 2007/2007, Information Week

38 Reporting Before After 38

39 Why Reporting? Information available real or near real time online, anytime. Subscription services to push reports to users at the time, frequency and format of their choice. Dashboard with summary information allows for drilling to transactional level data. Report across Workforce, Recruiting, Learning, Performance, Benefits and Payroll seamlessly. 39

40 Summary Business conditions and labor markets require a focus on talent management via a comprehensive and well-executed HCM strategy HCM technology plays a key role to deliver an integrated talent management strategy Single, enterprise-wide system with a competency foundation Integrated programs and business processes Business intelligence Development and execution of Talent Management is accomplished in multiple phases, and every firm is at a different point 40

41 Thank You! 41