DATA REPORTING WORKFLOW

Transcription

1 DATA REPORTING WORKFLOW WHAT DOES THE CFO AND FINANCE WANT WHAT GOES THROUGH YOUR MIND WHEN YOU GET A CALL FROM THE CFO? 1

2 THE MINDSETS OF THE GROUPS HUMAN RESOURCES People focused How to take care of the group Ways to get them engaged Do we have enough people FINANCE Dollars and Sense The bottom line Get the work done Do we need all these people There can be a disconnect 2

3 WHAT DOES THE CFO NEED Business Perspective What return do you anticipate for the money invested in a new hire? Use your People Data Many HR professionals lack best practices and systems for collecting, tracking and reporting on people data Reinforce the Human Element The CFO can frequently be the naysayer. Leverage HR expertise to enhance business vision Tie opportunities to measurable performance metrics MEASURING AND REPORTING KPI - Key Performance Metrics Work with Finance to Identify what do they really want to know Focus on what is IMPORTANT, not what is easy to measure Make measurements CONTINOUS, REAL TIME, and a PREDICTIVE PROCESS Take your DATA and Turn it into INFORMATION We are all data RICH, but INFORMATION POOR! 3

4 THE THINGS YOU MEASURE? LEADING INDICATOR LAGGING INDICATOR Tells you what is going to happen Going to the Gym Monitoring what you eat Trying to lose Weight Reports what happened Stepping on the scales Looking at what size my clothes are WHAT DO YOU MEASURE TODAY? IS IT LEADING OR LAGGING 4

5 REPORTING TOOLS Helping Finance know what is coming at them in the future WEEKLY DATA AUTOMATICALLY UPDATES 5

6 DASHBOARD TURNS INTO INFORMATION TRENDING INFORMATION 6

7 DEEPER DIVE INTO WHAT IT IS TELLING YOU SO WHAT - HELPS THE CFO / FINANCE TEAM Insight into what is coming at them Prior Planning Prevents Poor Performance Ability to plan Utilizing the trends and details helps for planning if more or less labor will be needed Identifies opportunities/challenges Brings to light things you know but the details focus the light on it 7

8 SURVEYS AND FEEDBACK Gathering insight into what the teams and people are thinking DATA GATHERING Online survey that all employees could access Created in several languages Could access at work or at home when they wanted to do the survey 8

9 THE INFORMATION THE INFORMATION 9

10 THE INFORMATION SO WHAT - DID THEY DO WITH THIS Comparisons ability to slice and dice Able to compare across different locations Created discussion New opportunities came to light 10

11 INDIVIDUAL DEVELOPMENT From Assessments to Onboarding ASSESSMENT 11

12 ONBOARDING/TRAINING ONBOARDING/TRAINING 12

13 ONBOARDING/TRAINING SO WHAT KEEPS MANAGER & HR IN TOUCH Employee is the key focus Allows for conversations for employee and manager The Follow Up Helps the Employee Identifies Managers that need reminded Tracking of education classes You can apply the ROI for Finance 13

14 SO WHAT DOES THE CFO NEED Business Perspective What return do you anticipate for the money invested in a new hire? Use your People Data Many HR professionals lack best practices and systems for collecting, tracking and reporting on people data Reinforce the Human Element The CFO can frequently be the naysayer. Leverage HR expertise to enhance business vision Tie opportunities to measurable performance metrics HUMAN RESOURCE IS WHERE IT ALL STARTS The people are the key Help Finance see by using information about what the people are doing and how it impacts the organization Use your People Data Provide the LEADING INDICATORS Reinforce the Human Element Develop the people with PROCESS for the Managers Leverage HR expertise to enhance business vision Give insight to what is happening be PROACTIVE with a KPI Dashboard Real Time Info that they need 14

15 DATA REPORTING WORKFLOW INFORMATION WHAT DOES THE CFO AND FINANCE WANT 15