How HR & TA can Support Digital Transformation

Download How HR & TA can Support Digital Transformation

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<ul><li><p>#ConnectInLondon </p><p>How HR and Talent Acquisition can impact Digital Transformation </p><p>Paul Devine Business Development Director Forrester Research </p></li><li><p> 2016 Forrester Research, Inc. Reproduction Prohibited 3 </p><p>Source: The Total Economic Impact of LinkedIn Talent Solutions, April 2016 </p><p>Agenda </p><p> Digital Transformation and HR: Forrester point of view </p><p> Making the business case for digital: Case Study on Talent Solutions </p><p>#ConnectInLondon </p></li><li><p> 2016 Forrester Research, Inc. Reproduction Prohibited 4 </p><p>Empowered customers and employees have given rise to a new era </p><p>Age of manufacturing Age of distribution Age of information Age of the customer </p><p>#ConnectInLondon </p></li><li><p> 2016 Forrester Research, Inc. Reproduction Prohibited 5 </p><p>Organisations must address five market imperatives </p><p>#ConnectInLondon </p></li><li><p> 2016 Forrester Research, Inc. Reproduction Prohibited 6 </p><p>Source: The Total Economic Impact of LinkedIn Talent Solutions, April 2016 </p><p>93% Believe that digital technologies will disrupt their </p><p>business over the next 12 months </p><p>74% Claim the company has a digital strategy </p><p>33% Think its the right digital strategy </p><p>15% Believe they have the right people and skills to </p><p>execute the strategy </p><p>Digital Transformation presents a people and skills execution gap </p><p>Source: Forrester/Russell Reynolds 2014 Digital Business Survey </p><p>#ConnectInLondon </p></li><li><p> 2016 Forrester Research, Inc. Reproduction Prohibited 7 </p><p>Source: The Total Economic Impact of LinkedIn Talent Solutions, April 2016 </p><p>HR will play a key leadership and change management role in Digital Transformation </p></li><li><p>Employee Engagement </p></li><li><p> 2016 Forrester Research, Inc. Reproduction Prohibited 9 </p><p>Source: The Total Economic Impact of LinkedIn Talent Solutions, April 2016 </p><p>Digital Technologies improve employee engagement </p><p>#ConnectInLondon </p></li><li><p> 2016 Forrester Research, Inc. Reproduction Prohibited 10 </p><p>Seven digital levers of employee engagement </p><p>1. Engagement surveys and </p><p>analysis </p><p>2. Coaching and </p><p>Performance </p><p>3. Employee </p><p>Communication </p><p>4. Learning and Careers </p><p>5. Rewards and </p><p>Recognition </p><p>6. Health &amp; Well-being </p><p>7. Candidate Sourcing </p><p>and Talent Acquisition </p><p>#ConnectInLondon </p></li><li><p> 2016 Forrester Research, Inc. Reproduction Prohibited 11 </p><p>Source: The Total Economic Impact of LinkedIn Talent Solutions, April 2016 </p></li><li><p> 2016 Forrester Research, Inc. Reproduction Prohibited 12 </p><p>Source: The Total Economic Impact of LinkedIn Talent Solutions, April 2016 </p></li><li><p> 2016 Forrester Research, Inc. Reproduction Prohibited 13 </p><p>Candidate sourcing and talent acquisition: Key challenges </p><p> Inconsistent hiring processes driving up costs </p><p> Need to convey a clear, consistent corporate brand to potential hires. </p><p> Reduce rogue hiring because it increases costs and the risk of bad </p><p>hires </p><p> Source more candidates directly </p><p>#ConnectInLondon </p></li><li><p> 2016 Forrester Research, Inc. Reproduction Prohibited 14 </p><p>Forrester interviewed LinkedIn Talent Solutions customers and identified these benefits </p><p> Eliminating other recruiting solutions </p><p> Increasing direct hiring </p><p> Creating more value from filled positions </p><p> Speeding up new hire productivity </p><p> Lowering salary spend through promotions </p><p> Decreasing hiring-related travel </p><p>#ConnectInLondon </p></li><li><p> 2016 Forrester Research, Inc. Reproduction Prohibited 15 </p><p>Talent Solutions increased new hire quality and reduced costs </p><p>Total benefits 6.95m versus costs of 2.4m </p><p> One third increase In direct hires </p><p>17% increase In internal movers versus </p><p>external hires </p><p>Eight Days Time-to-hire was reduced by </p><p>8 days, creating more value </p><p>for organisations </p><p>Return on </p><p>Investment: 182% </p><p>Net Present Value: </p><p>973 per position </p><p>filled </p><p>Payback </p><p>Period: 4 </p><p>months </p><p>#ConnectInLondon </p></li><li><p> 2016 Forrester Research, Inc. Reproduction Prohibited 16 </p><p>The interviewed organisations noted several key results from their investments in LinkedIn Talent Solutions </p><p>We survey our hiring managers every year. Since </p><p>adopting LinkedIn, quality of hires has increased by </p><p>20%. Overall perception of the HR recruiting function </p><p>has increased by 18%. </p><p>Talent acquisition operations manager </p><p>#ConnectInLondon </p></li><li><p> 2016 Forrester Research, Inc. Reproduction Prohibited 17 </p><p>The interviewed organisations noted several key results from their investments in LinkedIn Talent Solutions </p><p>With Talent Solutions, we were looking to move from a </p><p>transaction recruiting model to a strategic sourcing one. </p><p>This involves blending branding and recruiting into a </p><p>comprehensive talent relationship model. </p><p>Global HR communication manager </p><p>#ConnectInLondon </p></li><li><p> 2016 Forrester Research, Inc. Reproduction Prohibited 18 </p><p>The interviewed organisations noted several key results from their investments in LinkedIn Talent Solutions </p><p>LinkedIn has transformed how we do </p><p>recruiting. It is central to the new way the </p><p>recruiting team works. </p><p>Head of Talent Engagement, Europe </p><p>#ConnectInLondon </p></li><li><p>forrester.com </p><p>Thank you </p><p>Paul Devine </p><p>+44 207323 7635 </p><p>pdevine@forrester.com </p></li></ul>