bust the myths of talent management — key points for deploying a unified talent management...
Post on 14-Sep-2014
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With so many talent management solutions in the marketplace, organizations are even more challenged to determine which talent management solution best meets their specific needs. In this webinar, Mark Brandau, senior director at SuccessFactors, will help bust the top talent management myths by reviewing the key questions HR executives need to ask — and answer — when evaluating and deploying a unified talent management solution. Attendees of this webinar will: •Get a detailed list of specific questions HR executives need to ask — and answer — as they prepare for the workforce of the future. •Review what key processes businesses should adopt and avoid. •See how a unified approach to talent management demonstrates immediate business value to executives. •Acquire best practices on how to effectively establish the business value of talent management strategies and execution. •Learn how to combat decreasing global competitiveness caused by skill and competency gaps, a lower-performing workforce and misalignment of employees. •Review latest analyst reports on a unified talent management solution.TRANSCRIPT
Busting the Big Talent Management Myths Mark Brandau Senior Director Product Marketing
2 SuccessFactors Proprietary and Confidential © 2013 SuccessFactors, An SAP Company. All rights reserved.
• Understand Some of the Myths
• Taking a Closer Look at Reality
• SuccessFactors Approach
• Take Aways/ Wrap-up
Agenda
You Can’t Manage Today’s Talent With Yesterday’s Approach
It’s all about the process. We don’t have flexibility to start where we
need to.
It’s impossible to prove the value of
strategic talent management.
Talent Management is really only
about Performance Management.
Succession planning is really
only for executive level positions.
We really don’t need to think about global
workforce and business issues.
Skills and competencies are
really the same things…and not that important.
The best solutions are in the cloud,
and are not integrated with my
on-premise systems.
6 SuccessFactors Proprietary and Confidential © 2013 SuccessFactors, An SAP Company. All rights reserved.
What is Causing the Shortage?
6
Technology increases job complexity for many critical positions
Economy continues to grow, particularly in highly skilled fields such as bio-medical & healthcare
Globalization increases job opportunities for skilled workers Less people were born in the 70s, 80s and 90s
Training/education systems that used to produce skilled workers have not been maintained
Technology eliminates semi-skilled development or “feeder” positions
Demand
Supply
Yesterday’s Products Inhibit Your Ability to Align, Optimize, and Accelerate Business Results
Local point solutions, with limited, or no
global view
Not agile enough to respond to changing
requirements
Fragmented products, without a unified
approach
Inability to easily tie talent programs to business results
Yesterday’s ‘talent’ products don’t meet today’s (or tomorrow’s) demands
SuccessFactors Talent Management
12 SuccessFactors Proprietary and Confidential © 2013 SuccessFactors, An SAP Company. All rights reserved.
SuccessFactors HCM Suite
Content Integration Extensibility
Recruiting
Core HR
Onboarding
Learning Succession & Development
Performance & Goals
Workforce Planning
Workforce Analytics
Social Collaboration
Payroll Compensation
13 SuccessFactors Proprietary and Confidential © 2013 SuccessFactors, An SAP Company. All rights reserved.
Content Integration Extensibility
Recruiting
Core HR
Onboarding
Learning Succession & Development
Performance & Goals
Workforce Planning
HR Analytics
Social Collaboration
Payroll Compensation
SuccessFactors Talent Management Unified talent processes covering the entire employee lifecycle
Compensation & Rewards
Recruiting & Onboarding Learning
Performance & Goals
Skills and Competencies
Succession & Development
SuccessFactors Delivers a Unified, Comprehensive Talent Solution That Increases Your Agility and Ability to Drive Business Results
Optimize Find the right
people and make them great
Accelerate Run the
business better
Align Right people working
on the right things
15 SuccessFactors Proprietary and Confidential © 2013 SuccessFactors, An SAP Company. All rights reserved.
Content Integration Extensibility
Recruiting
Core HR
Onboarding
Learning Succession & Development
Performance & Goals
Workforce Planning
HR Analytics
Social Collaboration
Payroll Compensation
An HR system that is business-ready from the start
But not just breadth… comprehensive means depth
2,000+ workforce
metrics
100 pre-built Reports and Dashboards,
60 International and country-specific reports
170+ Core HR workflows
1,032 Coaching Assistant Comments (12 per competency)
Library of more than 500 SMART Goals
86 Competencies across 10 Categories
13,000 skills
250 job families
800 industry specific job descriptions
1,548 Writing Assistant Comments (18 per
competency)
19,500+ Unique HR Content
16 SuccessFactors Proprietary and Confidential © 2013 SuccessFactors, An SAP Company. All rights reserved.
Content Integration Extensibility
Recruiting
Core HR
Onboarding
Learning Succession & Development
Performance & Goals
Workforce Planning
HR Analytics
Social Collaboration
Payroll Compensation
Succession & Development
Improve Agility and Reduce Risk Not just for executives, now for everyone … identify comprehensive plans per department Increase Engagement and Retention Employee ‘self service’ , where individuals own their career plans and learning is seamless
“ “
Companies with best-practice succession management programs are three times more effective at achieving key business measures...
17 SuccessFactors Proprietary and Confidential © 2013 SuccessFactors, An SAP Company. All rights reserved.
Content Integration Extensibility
Recruiting
Core HR
Onboarding
Learning Succession & Development
Performance & Goals
Workforce Planning
HR Analytics
Social Collaboration
Payroll Compensation
SuccessFactors Recruiting
Target the Talent You Need Attract and engage quality candidates with cutting-edge sourcing solution that incoporates SEO, Social, and Smart Feeds Get Results You Can See Select and hire the best talent faster, while also providing measurable results
With SuccessFactors Recruiting we are making much better hires than ever and our hiring managers love the system.
“ “
18 SuccessFactors Proprietary and Confidential © 2013 SuccessFactors, An SAP Company. All rights reserved.
Content Integration Extensibility
Recruiting
Core HR
Onboarding
Learning Succession & Development
Performance & Goals
Workforce Planning
HR Analytics
Social Collaboration
Payroll Compensation
SuccessFactors Onboarding
Guide Improve the overall process, while helping reduce legal risk and costs Connect Better employee engagement, teamwork, and retention from day one Develop Faster time to contribution, alignment with corporate goals, and better employee satisfaction
“ “
SuccessFactors Onboarding provides more guidance for the hiring manager, strong socialization capabilities and integration to the rest of the talent processes. Combined, these features can have a significant and positive impact on new hire productivity, engagement and retention.”
19 SuccessFactors Proprietary and Confidential © 2013 SuccessFactors, An SAP Company. All rights reserved.
Content Integration Extensibility
Recruiting
Core HR
Onboarding
Learning Succession & Development
Performance & Goals
Workforce Planning
HR Analytics
Social Collaboration
Payroll Compensation
SuccessFactors Learning
SuccessFactors LMS has enhanced the user experience greatly and simplified access and reporting. The partnership with SuccessFactors has been just great. SuccessFactors certainly meets our needs.
“ “ Ensure Compliance and Reduce Regulatory Risk With the industries most highly regarded learning management system (LMS) and optional Validated SaaS Accelerate Performance and Development Blend formal, informal, and social learning and deliver all via mobile to accelerate business impact Extended Learning Beyond Your Employees Cost-effectively deliver training to your partners, customers and extended business network
20 SuccessFactors Proprietary and Confidential © 2013 SuccessFactors, An SAP Company. All rights reserved.
Content Integration Extensibility
Recruiting
Core HR
Onboarding
Learning Succession & Development
Performance & Goals
Workforce Planning
HR Analytics
Social Collaboration
Payroll Compensation
SuccessFactors Performance & Goals
Clarify & Increase Organizational Alignment Cascade goals from executive management to every employee; SMART Goal Library; Mobile goals Increase Accuracy & Relevance of Formal Reviews Writing and Coaching Assistants with Legal Check, Calibration, 360 Reviews Deliver Continuous Coaching and Development Mobile Touchbase for continuous development; Team Rater for quick team and individual review
Managers can do performance, compensation and merit bonuses in real time. We knew we were getting that by using SuccessFactors across the board – but we didn’t realize what a big impact that would have.
“ “
21 SuccessFactors Proprietary and Confidential © 2013 SuccessFactors, An SAP Company. All rights reserved.
Content Integration Extensibility
Recruiting
Core HR
Onboarding
Learning Succession & Development
Performance & Goals
Workforce Planning
HR Analytics
Social Collaboration
Payroll Compensation
SuccessFactors Compensation
Improve Accuracy and Reduce Errors Eliminate spreadsheets, leverage pre-built planning worksheets for base, variable pay (i.e., merit, promotion, market adjustments, stock, options; functional and employee currency). Make Best Use of Limited Budgets Bonus, incentive bonuses; Goal achievements tied to bonuses; Position specific payments Reward and Retain True Top Performers Calibration ensure reviews are tied to compensation planning so top performers are rewarded & retained
With SuccessFactors, we deployed an integrated HR software solution in 5 languages across 10 countries, all within 5 months. The speed of implementation, ease of use and associated cost savings have made all the difference.
“
“
22 SuccessFactors Proprietary and Confidential © 2013 SuccessFactors, An SAP Company. All rights reserved.
Agile, Engaging and Beautiful Designed for how people work
Engage and Empower Everyone – Anytime, Anywhere, Wrapped in Social
But You Need More Than The Best Equipment
• Talent HCM Community – 15,000 members and growing, plus
• Over 170 implementation partners, from the largest global system integrators to local specialized implementers to support your journey and preserve your investments
24 SuccessFactors Proprietary and Confidential © 2013 SuccessFactors, An SAP Company. All rights reserved.
Cloud transition scenarios for SAP customers Leverage existing investments, connect with delivered integrations
Clo
ud
Solu
tions
O
n-pr
emis
e
Solu
tions
Talent Hybrid
Core HR
SAP ERP HCM
Core HR (Employee Central) Talent Solutions
Workforce Planning and Workforce Analytics
Full Cloud HCM
SAP ERP HCM
Cloud HR
Two-tier HCM
Core HR
SAP ERP HCM
Headquarters
Subsidiaries
Talent Solutions, Workforce Planning, Workforce Analytics
Talent Solutions, Workforce Planning, Workforce Analytics
Cloud Core HR
Cloud Core HR
Delivered and Maintained Integration
25 SuccessFactors Proprietary and Confidential © 2013 SuccessFactors, An SAP Company. All rights reserved.
Individual talent process
Unified talent processes
Deliver insight to managers and
executives
Transactional (from Manual)
Talent Maturity Curve Automation Is Necessary but Insufficient for Achieving Transformation
Impact
Maturity
26 SuccessFactors Proprietary and Confidential © 2013 SuccessFactors, An SAP Company. All rights reserved.
SuccessFactors Positioned as a Leader In the Top 10 Industry Analyst Reports for the last year
• The Forrester Wave™: Talent Management, Q1 2013
• 2012 Nucleus Research HCM Value Matrix
• Ventana Research Value Index: Total Compensation Management in 2012
• All five IDC Integrated Talent Management MarketScape Reports for 2013
27 SuccessFactors Proprietary and Confidential © 2013 SuccessFactors, An SAP Company. All rights reserved.
SuccessFactors Positioned as a Leader In Garter’s 2013 Magic Quadrant for Talent Management Suites
Gartner “Magic Quadrant for Talent Management Suites” by Thomas Otter, Jeff Freyermuth, Ron Hanscome, March 14, 2013. This graphic was published by Gartner, Inc. as part of a larger research document and should be evaluated in the context of the entire document. The Gartner document is available upon request from SuccessFactors. Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings. Gartner research publications consist of the opinions of Gartner's research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose. http://sfsf.ly/gartnermq
28 SuccessFactors Proprietary and Confidential © 2013 SuccessFactors, An SAP Company. All rights reserved.
We Lead Because We Help You Deliver Incredible Business Impact
5.5% increase in time spent on strategic priorities
1 - 8+ weeks faster communication
of strategy
17% increase in people
getting the right training
(13.8)% decrease in low
performers
(15.2)% decrease in turnover
13.7% increase in internal
job fill rate
1% revenue added back to profit
14% increase in project
completion
3% average increase in
productivity
4.9% increase in high
performers
Over 3,700 customers and 22+ million subscribers in 177 countries across 35 languages
Strategic Alignment Cost Savings Business Results Productivity
29 SuccessFactors Proprietary and Confidential © 2013 SuccessFactors, An SAP Company. All rights reserved.
5 Key Points to Take With You
1 Unified talent management means more than performance management … it must include Onboarding, Recruiting, Learning, Performance & Goals, Compensation, Succession & Development.
2 We can do some amazing things to improve HR, performance, and business execution– and prove the value of talent management.
3 Skills and competencies are the core indicators and “DNA” of a companies competitive advantage.
4 Start where it makes sense for you.
5 Our individual talent solutions – are best of breed. And they combine to create a suite of “best of breeds”.
Thank You! Mark Brandau Senior Director Product Marketing
31 SuccessFactors Proprietary and Confidential © 2013 SuccessFactors, An SAP Company. All rights reserved.
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