baass connect 2013 - maximize your return on employee investment
DESCRIPTION
Did you know that every $1 invested in employees yields $10 in profit? How much does a ‘bad hire’ cost your company? Employee turnover and retention are key aspects to managing a company’s most important asset. Learn how Sage HRMS can help your organization to maximize the Return on Employee Investment throughout the employee’s life cycle – from recruiting to retirement. Employees are the most important component in the quest to improve your business results. The investments you make in your workforce should yield a healthy return and positively affect the bottom line.TRANSCRIPT
Maximizing ROEI – Maximizing ROEI – Return on Employee InvestmentReturn on Employee Investment
Presented By: Presented By: Deana Dearry, Regional ManagerDeana Dearry, Regional ManagerSage Employer SolutionsSage Employer Solutions
Our Agenda:
•ROEI – Return on Employee Investment
– Understanding ROEI– Sage Resources for Current ROEI “Hot Topics”
•Leveraging Sage HRMS to Maximize your ROEI– Core HRMS– Endorsed Solutions: Time & Attendance, Recruiting, HR Actions, Alerts and
Paperless Workflow Tools
•Questions
Sage Employer Solutions
• HRMS leader since 1985• Developed by HR for HR• Customizable solution that meets your
Organization’s needs and budget• Core HRMS is “single point of truth!”• Extended solutions or “best of breed”• Tools to engage employees & empower
Management, Finance, Human Resources!
People
• They truly make an Organization• How we manage this resource makes a
difference• Their level of engagement has a direct
correlation to business results!
… a cost that creates future
value and pays out over time…
… a cost that creates future
value and pays out over time…
“A truly successful organization is one in which Employees have the knowledge, skill, desire, and opportunity to personally succeed in a way that leads to collective organizational success.”
Steven Covey
Employeeself-serviceEmployee
self-serviceManager
Self-serviceManager
Self-serviceEmployee
communicationsEmployee
communicationsManagement
reporting and analysisManagement
reporting and analysis
Employee/Manager ExperienceSelf-service interaction layer
Candidate sourcing
Candidate sourcing
Applicant tracking
Applicant tracking
New-hire on boarding
New-hire on boarding
Contingent staffing
Contingent staffing
Recruitment processesStrategic
Employee records & personnel actionsEmployee records & personnel actions
Benefitsadministration
Benefitsadministration PayrollPayroll Position
managementPosition
managementHR
complianceHR
compliance
TransactionalTransactional HRMS processes
Training administration
Training administration
Learning contentmanagement
Learning contentmanagement
LearningdeliveryLearningdelivery
Learning management processes
Employeeperformance
Employeeperformance
Succession planning
Succession planning
CompetencymanagementCompetencymanagement
Compensation and rewards
Compensation and rewards
Planningand analysis
Planningand analysis
Performance and talent management processes
Time and attendanceTime and
attendanceForecasting &
schedulingForecasting &
schedulingAbsence
managementAbsence
management
Workforce management processes
Source: Forrester Wave HRMS 2012
ROEI - Strategic and Transactional
Strategic ROEI
Transactional ROEI
Recruiting
Onboarding
PolicyCommunication
Compensation
H&W Benefits
PayrollTraining
PerformanceEvaluation
Promotion
Retirement
Leave
CareerDevelopment
Employee Life Cycle
When ROEI isn’t maximized …
Tony Hsieh, CEO of Zappos, estimates that his own bad hires have cost his company well over $100 million. That’s part of the reason he now offers new hires a $2000 bonus to quit after their first week on the job!
• What is the cost of a “Bad Hire” to your Organization?– Recruiting, Training and Employee Morale
• Employee Satisfaction and Retention are At Risk
• Compliance – Increasingly complex laws and regulations
– Fines, penalties and costly litigation
What to Target to Maximize ROEI
ROEI – Small Change, Big Impact
• Recruiting and Onboarding• Paperless HR• Risk Mitigation and Compliance• Career Enhancement Training• Talent Management
Sage Resources for Today’s Hottest ROEI Topics:
getsmartwithsage.com
CELC – Professional Development
Maximize your ROEI with Sage HRMS
Recruiting
Onboarding
PolicyCommunication
Compensation
H&W Benefits
PayrollTraining
PerformanceEvaluation
Promotion
Retirement
Leave
CareerDevelopment
Employee Life Cycle
End-to-End Solutions
Core Sage HRMS Application– Human Resources– Payroll– Time Off– Train– Employee Self Service– Benefits Enrollment– HR Essentials Library
End-to-End Solutions
Extended Solutions–Sage HRMS Cyber Recruiter by Visibility Software–Sage HRMS HR Actions by Delphia Consulting–Sage HRMS Time and Attendance by Insperity–Sage HRMS Alerts & Workflow by Vineyardsoft–Sage HRMS Benefits Messenger by Santeon–Sage HRMS Talent Management by Cornerstone OnDemand
Sage HRMS Core
Sage ESS- Employee Self Service
Sage Cyber Recruiter by Visibility
Sage Time and Attendance by Insperity
– Web Punch / Web Timesheet / Data Collection Hardware– Labor Distribution / Activity Allocation– Special Policy Calculations, Overtime, Union Rules, etc– Scheduling– Time off with electronic request workflow
Sage Time and Attendance by Insperity
Sage HRMS HR Actions by Delphia
Sage Talent Mgmt by Cornerstone
Sage Talent ManagementSage HRMS Performance Management
Performance Management Cloud Comparison Group Professional Enterprise Total
Performance Management
Performance appraisals X X X X
Goal setting & management X X X X
Cascading goals X X X X
Social performance reviews X X X X
360 degree performance reviews X X X
Competency management X X X
Competency assessment X X X
Career Development
Career center X X X
Development planning X X X
Career pathing X X X
Observation checklist X X
Compensation Management
Compensation and salary planning X X
Merit & incentive management X X
Budgeting and reporting X X
Off cycle transaction support X X
Multi-currency support X X
Compensation modeling X X
Succession Management
Internal talent pooling X
Organizational charting X
9-box grid X
Succession planning X
Talent planning & mobility X
Talent search X
Mobility & Automation
sagehrms.com
• Let’s Review:– Sage HRMS Core – HR, Payroll, Train, Employee Self Service– Sage HRMS Cyber Recruiter by Visibility Software– Sage HRMS HR Actions by Delphia Consulting– Sage HRMS Time and Attendance by Insperity– Sage HRMS Alerts & Workflow by Vineyardsoft– Sage HRMS Benefits Messenger by Santeon– Sage HRMS Talent Management by Cornerstone OnDemand