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  • 8/12/2019 ramco_issue3

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    Talent Management in a New Business Economy is published by Ramco. Editorial supplied by Ramco is independent of Gartner analysis. All Gartner research is 2013 by Gartner, Inc. All rights reserved. All Gartne

    materials are used with Gartners permission. The use or publication of Gartner research does not indicate Gartners endorsement of Ramcos products and/or strategies. Reproduction or distribution of this publicat

    in any form without prior written permission is forbidden. The information contained herein has been obtained from sources believed to be reliable. Gartner disclaims all warranties as to the accuracy, completenes

    adequacy of such information. Gartner shall have no liability for errors, omissions or inadequacies in the information contained herein or for interpretations thereof. The opinions expressed herein are subject to cha

    without notice. Although Gartner research may include a discussion of related legal issues, Gartner does not provide legal advice or services and its research should not be construed or used as such. Gartner is a

    public company, and its shareholders may include firms and funds that have financial interests in entities covered in Gartner research. Gartners Board of Directors may include senior managers of these firms or fu

    Gartner research is produced independently by its research organization without input or influence from these firms, funds or their managers. For further information on the independence and integrity of Gartner

    research, see Guiding Principles on Independence and Objectivity on its website, http://www.gartner.com/technology/about/ombudsman/omb_guide2.jsp.

    2From the Gartner Files:Meeting the Information Needs of theChief Talent Officer in 2023

    7

    Talent Management in a New BusinessEconomy

    11

    About Ramco

    From the Gartner Files:

    Meeting the Information Needs ofthe Chief Talent Officer in 2023

    Competitive businesses will pivot on finding talent and expertisewhenever and wherever they need. To get there, chief talent officer

    will have to master information about global expertise, institutiona

    numeracy and analytics, and quantify the value of talent.

    Impacts:

    By 2023, the quest for growth in developing and emerging mar

    will be met by information ecosystems that dynamically track

    global talent, expertise, qualifications and demographics.

    With service sectors dominating world GDP by 2023, competitive

    advantage will move toward people, creating a platform for

    talent science experts to apply advanced workforce analytics to

    outperform others.

    By 2023, the growing appetite for transparency of business

    information will require chief talent officers to report publicly on

    value of talent to investors and boards.

    Recommendations:

    Build information pipelines about global work, labor, credential

    demographics and skillsoutside and inside the enterprise or

    project.

    Gain fluency in analytic tools, social network analysis and

    information aggregation toolsthat reflect global ecosystems of

    expertise.

    Master statistical know-how.Evidence-based decisions will be

    fueled by numerical fluency (i.e., numeracy) and analytics, not b

    instinct and anecdotes.

    Work with finance leaders and industry consortia to develop a

    common language and a common set of data to describe and

    plan for human capital reporting measures.

    Connect talent and expertise to business outcomes and scenar

    making explicit the risk and impact of abundance or scarcity of

    crucial know-how.

    http://www.gartner.com/technology/about/ombudsman/omb_guide2.jsphttp://www.gartner.com/technology/about/ombudsman/omb_guide2.jsp
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    Analysis:

    HR Director Recedes, Chief TalentOfficer EmergesThe metamorphosis of HR will be complete

    by 2023. The Human Age, a phrase

    borrowed from Manpower, will take hold.

    Traditional operational and tactical activities

    will peel away, surrendered to business

    process outsourcing (BPO) providers and

    software as a service (SaaS ) providers. In

    their place will be a chief talent office that

    keeps a laser-sharp focus on the enterprise

    capability to locate, attract, engage andrefresh talented people and qualified

    experts.

    The perennial ambitions of chief executives

    growth, new markets, competi tive

    advantage and business transformation

    will make talent the prime source of

    competitive differentiation and leadership

    in 2023. Chief talent executives will eye

    macro trends, such as global population,

    energy constraints and human mobility,

    and will develop scenarios around the hot

    spots in jobs, work and markets (see Note

    1). Moreover, the economics of talent and

    the supply-demand equation underpinning

    those economics concepts described

    as talentomics by Lance Jensen Richards

    together will propel businesses toward

    competitive advantage.

    Chief talent officers will use an array of

    information, competencies and tools to

    orchestrate the acquisition of talent and

    expertise across boundaries, borders

    and communities. They will capitalize on

    information that affords insight into regional

    expertise, competencies, guild-equivalents,education levels and balance of high skills

    and low skills. They will aggressively use

    social and extended networks to locate

    ingenious people some of whom will be

    enhanced cognitively and physically to

    satisfy challenging problems, with many

    of those people located outside traditional

    employment arrangements. Steadily, talentofficers will create a comprehensive picture

    of all people and all expertise feeding their

    business strategies, not just employees, and

    they will lean heavily on tools and analytics

    that will add rigor and predictability to their

    pursuit of expertise and their development of

    talented people.

    Talent what it means, what it represents,

    who possesses it, where it is found will be

    quantified, classified and stratified based on

    the capacity to generate future value and on

    crucial expertise. Information, tools and skillsall will vary (see Figure 1).

    By 2023, leading-edge talent leaders

    will make people their competitive

    advantage, and they will do so in large

    part by scouring the worlds economic

    clusters and communities of expertise

    for information about people who can

    contribute ideas, knowledge, experience

    and time to a dynamic portfolio of

    problems, projects, initiatives and

    work assignments. They will use tools

    to locate people information across

    systems, communities and ecosystems,

    assembling the information into

    meaningful profiles that comply with

    privacy regulations.

    By 2023. talent leaders will require a

    rich dataset about employees, external

    experts, contractors and broader labor

    market patterns. Rather than use only

    structured data found in businesssystems, they will derive and infer

    data about employees and experts

    from internal and external sources. For

    instance, instead of searching a skills

    database for someone who has strong

    sales closing skills, talent executives will

    derive the information they need from

    closing rates in the CRM tool.

    Source: Gartner (November 2012)

    FIGURE 1

    Impacts and Top Recommendations for the 2023 Information Needs of Chief Talent Officers

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    innovation and employment. Youngerprofessionals, many in their 20s and 30s,

    will find expanding opportunities among

    companies headquartered in advancing

    markets and recruiting from developed

    countries. Students, too, will move

    around. The UNESCO Institute for Statistics

    suggests that about 8 million students

    will study outside their home countries by

    2020, compared with 3.4 million in 2009,

    and growth will continue. International

    exposure, cross-border assignments and

    geographically distributed projects will

    become crucial rungs in development andemployment.

    Recommendations

    Build information pipelines about global

    expertise ecosystems along key threads:

    Regional centers of gravity for

    expertise, economic clusters and

    startups

    Alternative qualifications beyond

    traditional degrees

    New sources of expertise and talentoutside traditional employment

    models

    Growth and decline of skill sets and

    qualification levels globally

    Demographic and population growth

    and decline

    Gain fluency in networks of expertise:

    Social and community tools that

    unlock peer-to-peer ecosystems of

    experts, guilds, communities and

    SWAT teams

    Workforce analyt ic tools to craft what-

    if scenarios about demand, supply

    and risk in wider and wider circles,

    from internal expertise to global

    economic clusters

    Global talent information as a

    service from software vendors and

    BPO providers

    By 2023, a robust grip on numbers andstatistics will be crucial for talent leaders,

    who will need to be as adept at digesting

    numbers as finance and marketing

    executives. Talent science, the business

    capability of using detailed data analysis to

    drive human capital management (HCM)

    decision making, will create a logical

    connection between decisions about

    people and strategic business outcomes,

    and it will represent a key skill set for talent

    executives and other business leaders in

    the 2020s.

    Impacts and Recommendations:

    By 2023, the quest for growth indeveloping and emerging marketswill be met by informationecosystems that dynamically

    track global talent, expertise andqualificationsThe quest for talent will be global by 2023.

    Human mobility, technology ubiquity, the

    relocation of capital and worldwide population

    nearing 8 billion people nearly all of that

    population growth occurring in emerging anddeveloping markets will spur business

    growth in emerging and developing areas

    of the world and seal the future of talent

    acquisition experts (see Note 2).

    Expertise orchestrators will investigate,

    locate, link and connect people through vast

    expertise networks. Work will move toward

    global teams, with modular components

    and handoff points that suit both project-

    based work and continuous services. Talent

    executives will locate and pursue people

    who possess alternate qualifications, not just

    traditional degrees: Candidates will get their

    education through nonaccredited programs

    and through global online training from

    established and new universities. Moreover,

    many talent executives will pursue people who

    have attained high status in community-based

    leader board rating systems.

    People, work and ideas will flow steadily

    across borders to take advantage of R&D,

    With service sectors dominatingworld GDP by 2023, competitiveadvantage will move towardpeople, creating a platform for

    talent science experts to applyadvanced workforce analytics tooutperform othersSenior executives have been frustrated by

    inability to put a value on their investment

    in human capital. According to research, j

    25% of organizations measure the return

    investment of human capital programs, a

    more than 75% measure effectiveness baon employee satisfaction. The tension can

    summed up in two points: Senior executiv

    need evidence to assess the value of hum

    capital and investments therein. Chief tale

    officers need data, not anecdotes, to prov

    the value of those investments.

    The relationship between businesses and

    the people they employ will be the last

    frontier for analytics. Enter talent science,

    possibly the most sought after skill in seni

    management. Simply put, talent science

    is a business capability that uses detaileddata analysis to drive decisions in human

    capital management (HCM). It calls for an

    it creates a logical connection between

    strategic business outcomes and decision

    about people. It is not about the tools

    and technologies used to run analytical

    processes. Rather, talent science reflects

    a mindset and a strategic commitment to

    position data as the cornerstone for decis

    making.

    The adoption of talent science as a strateg

    business capability will be slow, predicate

    on the talent profession grasping the pow

    of data-driven decision making and shiftin

    away from its traditional gut-feel approac

    Talent executives who understand the

    strengths and weakness of people both

    inside and outside the organization in a

    rational way will have a greater impact

    on what differentiates their business than

    arguably any other management function

    and talent executives who develop robust

    analytics and measurement models will

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    dramatically outperform those who donot. Notably, the analytics component of

    talent science cannot be undervalued:

    Talent executives will use analytics to figure

    out the sweet spot for interviews, the best

    mix of personalities for teams and the

    psychographic profile of the top performers.

    Recommendations

    Master statistical know-how. Evidence-

    based decisions are fueled by numerical

    fluency (i.e., numeracy) and analytics, not

    by HR instinct and anecdotes.

    Launch programs to ensure that

    scenarios and analytics are based

    on quality data, and create accurate

    inventories of skills, competencies and

    externally sourced expertise.

    Focus what if scenarios on key

    job families that shape competitive

    advantage or mission achievement.

    Shortages of qualified talent for those

    jobs will be pain points that will get

    business attention and thus will garner

    business support.

    Adopt consistent definitions for workforce

    terms. Mismatched definitions of a

    seemingly simple word (e.g., employee)

    can quash the credibility of findings

    based on analytics processes and can

    dilute the power of external benchmarks.

    By 2023, the growing appetitefor transparency of businessinformation will require chief talentofficers to report publicly on the

    value of talent to investors andboardsAs agriculture and industrial industries give

    way to service and information industries,

    the shareholder value of enterprises will

    be undeniably wrapped up in the value

    of people and in the ROI of the intellectualcapital and expertise they represent.

    PwC surveyed CEOs around the world in

    2012, asking about the quality of the talent

    information they receive. While four out of 10

    CEOs reported that they get comprehensive

    information on labor, only one in 10 received

    comprehensive information about return

    on investment in human capital (see www.

    pwc.com/gx/en/ceo-survey/key-findings/

    hr-talent-strategies.jhtml ). The weighting

    will switch around, and the balance will

    lean away from people as input into cost

    and toward the value of the contribution oftalented people (e.g., revenue and profit

    growth). Venture capitalists will routinely

    mine future LinkedIns to understand the flow

    of key players and R&D leaders between

    companies, and sales leaders who can

    detect the movement of experienced

    salespeople between companies will be able

    to adjust behaviors in time to increase the

    next quarters revenue.

    Gartners research reveals that outbound

    transparency material facts of an

    enterprise made available in a timely, and

    preferably reusable, manner has clear

    benefits. It engages stakeholders, helps

    people make sound decisions quickly,

    and helps businesses respond to crises

    by defining the issues and educating

    stakeholders. Chief talent officers should think

    about stakeholders as employees, talented

    experts, candidates and loosely federated

    contributors who apply their ideas, energy

    and commitment to the business.

    Attempts to establish comprehensive

    human capital measures have met little

    success in the past (see Note 3), but thepressure to provide people-related insight,

    information and demonstrable contribution

    for investors and executives will climb through

    2023. Investors will demand transparent

    and standardized data on a variety of

    human capital measures, including thevalue of crucial knowledge and skills,

    key position bench-strength and return

    on training, and development spending.

    Just as organizations seek to comply with

    sustainability reporting demands, within

    10 years, governments and investors will

    expect a clear and data-driven view of an

    organizations workforce. Talent executives

    and finance leaders will together develop a

    common language and a common dataset

    to describe and report on people, and the

    messiness and degree of difficulty will test

    the mettle of even the most competitiveexecutives.

    Recommendations

    Work with finance leaders to plan for

    human capital reporting measures. As

    with sustainability, those ahead of the

    curve will gain a competitive edge.

    Connect the abundance or scarcity

    of talent and expertise to business

    outcomes and scenarios, making the risk

    and impact explicit.

    Examine the nascent models for human

    capital reporting, and test them out on

    your organization.

    Capture the comparative performance

    value of individuals and teams, looking

    for multipliers that can increase investor

    value and justify higher compensation

    when required.

    Segment knowledge, competencies and

    expertise using various classification

    schemes (for example, innovation,execution and efficiency, or transform,

    grow and run). Segmentation connects

    people to outcomes, value and focus of

    business priorities.

    http://www.pwc.com/gx/en/ceo-survey/key-findings/hr-talent-strategies.jhtmlhttp://www.pwc.com/gx/en/ceo-survey/key-findings/hr-talent-strategies.jhtmlhttp://www.pwc.com/gx/en/ceo-survey/key-findings/hr-talent-strategies.jhtmlhttp://www.pwc.com/gx/en/ceo-survey/key-findings/hr-talent-strategies.jhtmlhttp://www.pwc.com/gx/en/ceo-survey/key-findings/hr-talent-strategies.jhtmlhttp://www.pwc.com/gx/en/ceo-survey/key-findings/hr-talent-strategies.jhtml
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    Evidence

    Gartner 2012 CEO survey

    PwC CEO survey 2012

    IBM CHRO survey 2010

    Note 1Job Assertions for 2023

    Gartners analysis of jobs in the next decade

    explored the intersection of macro trends,

    economic patterns, industry sectors, society

    and technology and led to seven coreassertions around the sweet spots of jobs

    in the 2020s. The assertions, first appearing

    in Maverick* Research: Jobs 2021, will hold

    true into the next decade and beyond.

    Population growth and longevity will spur

    innovation in healthcare and medicine.

    The quest for alternative sources of

    energy and water will occupy nations for

    decades.

    Digitally intense businesses will dominate

    the quest for talent.

    Advantage will go to businesses that

    operate and adapt at the speed of

    information.

    Crisis, regulation and security will be

    employment annuities.

    Talented people, many young, will seek

    opportunities in emerging markets.

    Contextual layering will be the

    watchwords of professional development.

    Note 2A Plausible Scenario for Talent Executives

    in 2023

    Its September 2023. You are launching a

    meeting with your far-flung team, all of you

    talent orchestrators. You locate expertise

    globally, reach out to individuals or clusters

    of experts, and harness peoples collective

    brainpower. From your high-rise home

    office in Boston, you look upon multiple

    holographic screens as your team members

    in Sao Paulo, Singapore, Dubai, Cape Town

    and Shanghai join the call, some using

    avatars and language translation software.

    The assignment is to find and assemble

    a SWAT team of independent scientists,

    mechanical engineers, software designers

    and marine science experts. You have used

    some experts before, some experts will

    vouch for others you do not know, others

    experts will surface through bots, and still

    others will surface through leader boards.

    You have 24 hours to find experts who can

    quickly brainstorm scenarios to unstick a

    wind turbine-farm project being built in the

    South China Sea. The projects success and in no small way, your teams success

    depends on locating and assembling a

    team of multidisciplined experts with records

    of success. They must develop scenarios

    quickly, communicate through open forums

    and negotiate with virtual peers to determine

    which scenario will be feasible. You are

    the talent experts: If you fail to find and

    orchestrate the experts in time for them to

    develop the scenarios, the project will lose its

    crucial window of action and your reputation

    as talent orchestrators will be blown.

    Note 3

    Getting Closer to Measuring the Impact

    People

    Credible and logical ways to connect peo

    to financial performance are few, but som

    efforts seem to close the gap between wi

    thinking and measures. In 2009, about

    150 German corporations and researcher

    developed a set of indices that showed th

    more than 40% of a companys financial

    success can be directly tied to the success

    management of human capital. Regrettab

    countervailing lobbying activities derailedthe plan to turn those measures into forma

    reporting requirements (see Human Cap

    Financial Reports Tim Giehll, p. 45, Sham

    Rose Publications, October 2011). More

    than a decade ago, the U.K. came close to

    implementing significant reform to financi

    reporting, the Operating and Financial

    Review. This went further than other repor

    regulations in stipulating the disclosure of

    information outside the traditional financia

    oriented content of annual reports, such a

    information about the companys policies

    environmental matters, employees and soissues. It also required the use of non-fina

    key performance indicators (KPIs). Howev

    was scrapped prior to its introduction in 20

    Source: Gartner RAS Core Research Note G002

    D. Morello, T. Otter, 12 Novembe

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    Talent Management in aNew Business Economy

    Foreword

    Every business has a different basis, a

    different mode of functioning and a different

    market, but eventually success boils down

    to how well you service the customers and

    how satisfied they are with your service. As a

    key decision-maker and stakeholder in your

    business, how do you ensure this happens?

    Your business relies on its people, and it is

    this understanding that has been driving

    Talent Management. Key questions that

    companies will have to answer include:

    How do you engage your employees and

    involve them in your business?

    How do you set the expectations for their

    performance and bridge the gaps therein?

    When the need arises, how do you recruit

    the right talent from outside and groom

    them to fit in and grow with your business?

    If these questions have been leaving you

    perplexed, you are not alone! Scores of

    CEOs and HR Managers are grappling withthe very same questions! This newsletter

    addresses how, armed with the right tools

    and methodologies, you can transform a

    seemingly subjective and undefined task into

    a scientific and systematic process, ensuring

    that your talent is optimized.

    Ramcos solutions are centered around

    the philosophy that any business can

    be enhanced phenomenally by making

    transactions easier for the employee. When

    regular everyday tasks become easier,

    there is less stress and more satisfactionin what is done. Ramco helps customers

    achieve this scenario by tapping into trends

    like engagement modeling, gamification,

    mobility, usability and social media.

    Talent Management made easy!

    The emerging recruitment trend is to engage

    with potential candidates through social

    media and other platforms, even before a

    direct communication begins. An integrated

    Cloud-based HCM can greatly simplify this

    process.

    Talent acquisition is one of the mostimportant activities of Human Capital

    Management (HCM), as it fills crucial gaps

    in the value chain. Over time, it has evolved

    from straightforward sourcing and evaluation

    of resumes to a more dynamic, interactive

    and transparent process that is influenced

    greatly by the public image of the company.

    In reality, Talent Management is a complex

    and sensitive department, as it handles

    subjective, emotion-filled resources, rather

    than static and predictable ones. However,

    the right HCM and Talent Management

    solution can smoothly integrate all the

    necessary functions for engaging potentialcandidates, recruiting and inducting them

    for particular roles, assessing employees

    and rewarding good performers, ensuring

    knowledge top-ups to keep up with fast

    moving trends, and keeping the employees

    constantly involved with the business,

    besides managing logistical processes for

    payroll, expense claims, etc.

    How does Ramco HCM address this?

    With Ramco HCM,

    the complete process

    from hire requisitionto induction has been

    carefully designed to

    make it simple, user-

    friendly and intuitive.

    Here is how easy it is for

    somebody, say a CEO, to

    send a hire request to the

    HR department.

    Once the requestor ends a request, it is

    added as an alert to the to do list of the

    HR person, who in turn, can quickly raisethe vacancy request and post into various

    sources including job sites, career websites

    and internal notice boards! All of this can

    be done easily using an uber-cool user

    interface (UI) .

    A requestor can also raise the request on

    his/her mobile phone from anywhere and

    anytime, making it even simpler. Not only

    this, typical and often used processes such

    as Leave, Timesheet and Expense Claims

    Management have been made available

    on Android Smartphones and even iPhones

    and iPads, making access extremely easy

    and effective.

    What is more, with innate mobility, Ramco

    HCM enables the HR Manager to handlehire requests even when on the move.

    In todays work culture, there is a lot of HR

    related pressure. For instance, HR teams

    are under pressure to onboard employees

    and make them deployable, the Manager

    is under pressure to improve utilization and

    productivity, and the employee is under

    pressure to strike work-life balance. Added

    to the above is a growing incidence of

    having a mobile and globally distributed

    workforce.

    In such a scenario, the average employee

    cuts across multiple HR processes like

    managing leaves, expense claims and

    training, filing timesheets, accessing

    pay slips or salary details or managing

    information critical to availing and receiving

    timely and accurate benefit programs.

    Moreover, most processes have built in work

    flows that require approvals at different

    stages.

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    However, when HR or line managers areconstantly on the move themselves, catering

    to the employees needs can become

    extremely difficult. Any help offered by the

    HR to facilitate these processes go a long

    way in keeping the employee engaged and

    motivated.

    This is where the availability of anywhere

    anytime systems are increasingly becoming

    a prerequisite rather than a luxury. For an HR

    line manager, who spends hours in airports

    and meetings, such a system proves to be

    extremely convenient.

    Managers can approve requests while on

    the move, reducing the turnaround and

    process cycle-time tremendously and

    making the entire process hassle free for

    employees. However, there are times when

    the Manager may want to look at more

    information before approving/rejecting a

    request. This is addressed through Ramcos

    WorkSpaces.

    WorkSpaces blend useful analytics relevant

    to the context, along with the transaction

    screen, to enable extremely effective

    decision making. While most vendors

    consider UI merely from a functional ity

    perspective, Ramcos engineers consider it a

    mode of enhancing the users experience.

    Ramco HCM also allows approval of

    requests through a single reply to the email

    alert sent to users. All you need to do is reply

    with OK/ Approve/Accept to approve the

    request or for that matter No/ Reject/ Cancel

    to reject the request!

    Social Media and Hiring

    One of the great aspects of a new age

    HCM solution is that it enables integration

    of various platforms, including social

    networking sites. Integrating Social

    Networking sites into the traditional

    recruitment process is important not only

    from the perspective of reaching out to

    potential candidates, but also to build

    relationships and communities that enhance

    the candidates experience and provide

    a window into your companys culture. It

    can also provide hiring managers with

    unparalleled insight into future employees

    work and life.

    LinkedIn, Twitter and Facebook are currently

    the most influential social media channels.

    Social Networking enhances the recruitment

    process as it allows interaction with potential

    candidates instead of merely accessing their

    CVs. For example, it can be used to alert

    prospective candidates about vacancies

    and build a relationship with them, even

    before they have decided to apply for jobs.

    By interacting through the relevant channels,

    you can ensure that you have top of mind

    recall with potential candidates.

    For instance, one of Ramcos HCM customers

    in the Hospitality industry, running a chain

    of luxury hotels, leveraged Ramco HCM to

    automate their hiring process. The use of

    social tools and integration of job sites into

    the corporate career portal was executed

    in a planned manner, keeping in mind the

    positioning of the brand and the cadre of

    candidates expected. With Facebook and

    Twitter, they have been able to build arelationship with prospective candidates

    even before bringing them on board.

    Other Employee Self Service processes

    Talent Management is

    also about making su

    employees time is pu

    productive use. Time-

    recording and Timesh

    data provide useful

    insights on utilization a

    alignment to business

    goals. However, it is aone of the more coerc

    processes in a few organizations and diffi

    to implement.

    A new age HCM suite addresses this by

    making this and similar other processes

    extremely usable. In Ramco HCM, time

    recording systems can be accessed from

    iPads and mobile devices. So employees

    fill up their timesheets from anywhere.

    Designed like a calendar, the timesheet

    allows most of the tasks to be performed

    with a single click. Moreover, the system

    smartly fills up most details, such as the

    employees projects and tasks, so that verless time is spent in accounting for time.

    The Manager too gets his team members

    timesheets approved and consolidated

    while on the move. The new system help

    him identify compliance and exceptions

    clearly.

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    Story of Andrea: Managing a multi-levelAppraisal process

    With cross-functional teams becoming

    more popular by the day, flexibility becomes

    vital. Imagine a Product Manager, Andrea,

    who designs insightful analytics for her

    customers across different industries. The

    work is multifaceted collecting market

    requirements, working with her design team,

    presenting to customers, helping the sales

    team close deals, training and working with

    partners, and so on.

    A Talent Management process which is

    manual and straight-jacketed would require

    her to collect feedback from different people

    through emails and record them herself in

    the appraisal form. This would make the

    entire feedback process long winded and

    tedious.

    However, a contemporary HCM solution

    like Ramco HCM has been designed to

    make work easier for people like Andrea.

    The Product Manager in this example

    could choose different appraisers for

    different performance goals, as she finds

    appropriate. Somebody from Sales or any

    other function, can directly rate Andrea for

    sales support in her appraisal document.

    The supervisor would get to see the

    consolidated ratings from all of Andreas

    appraisers. The supervisor too can assess

    Andreas potential. With this system in place,

    the performance vs. potential rating would

    give the Manager a clear picture of the teamstop players.

    From an HR Managers perspective, theperformance management process is not a

    standalone process; it is just a means to find

    her organizations top talents.The HR Manager

    would be able to correlate insights on relative

    performance, career progression and

    performance over time, and score Andrea on

    behavioral competencies so as to build a more

    robust talent management strategy.

    Andrea, with her consistent top-order

    performance, unstinted talent in designing

    market-focused products and her uncanny

    ability to foresee market demand, would

    be one of the star employees that the

    organization would guard fiercely.

    Engaging Talent

    Cutting out ambiguity, improving employee

    confidence, and enhancing customer

    satisfaction.

    Each role in the organization, whether it

    serves an internal or external customer,

    must be designed to demonstrate

    excellence in business conduct. In

    unambiguous, executable terms,

    organizations must communicate the

    behavioral expectations to employees.

    A good behavior modeling tool can

    clearly point out what are the desiredcharacteristics for a role, what is the desired

    sequence of actions for an engagement,

    and so on.

    When business conduct is defined and

    followed in such a way, it leads to consistent

    behavior by employees and strong

    business image among customers. It

    makes it easier for employees to go about

    interactionsthey do not have to think

    about routine aspects and can focus on

    special requirements of the customer, if any.

    They can also assess their own performanceon a regular basis and try to tune-up to the

    defined business conduct. In general, there

    is greater clarity and guidance about their

    role, and increased confidence.

    Things are also much simpler for decision-

    makers and managers. They can work on

    picking the right talent based on well-

    defined expectations, groom them to match

    the required business conduct, constantly

    assess their performance, identify and

    bridge gaps between what is desired

    of every interaction and what actuallyhappens, as well as recognize and reward

    employees for meeting and exceeding

    expectations.

    Hence, it is clear that modeling the

    desired business conduct makes Talent

    Management much more objective

    making life happier for you and your

    employees.

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    How can your HCM solution help in behavior

    modeling?

    Take every interaction, and try to model it

    as closely as possible from the employees

    perspective. One of Ramcos clients in

    the fashion retail sector, for instance,

    sets business conduct standards based

    on recommendations from their product

    principals. Their stores carry many different

    brands of clothing, each of which lends a

    distinct identity to the wearer. Some brands

    are smart-casual, some bold, and others are

    considered more formal.

    When customers walk into the store, store

    personnel (employees) must greet them.

    Store personnel are first required to discover

    the intent of the customer not in an

    interrogative style, but by engaging them

    slowly and allowing them to open up about

    what they are looking for. The attributes

    employed to solicit open responses from

    customers begins with the employees being

    well-groomed, friendly in demeanor, and

    lending an attentive ear before pushing a

    product.

    Ramcos HCM, for example, allows these

    behaviors to be listed and described for

    groups of employees. The context-aware

    solution immediately recognizes users

    when they log in as managers, consultants,

    employees, and so on. Depending on

    the role they play (as reviewer, recruiter,

    employee, manager, etc.), the appropriate

    checklists or appraisal screens are

    displayed. When your IT solution knows you,

    it becomes much easier to interact with it.

    Appropriate measurement systems and

    appraisals help ensure that employees who

    follow the drill successfully are identified

    and rewarded. Ramcos HCM, apart from

    describing behavior, also allows setting of

    weightages for these behaviors, and tracking

    their achievement. Combined with other

    reviews, tests or surprise assessments,

    this can help in objectively assessing and

    tuning an employees behavior in various

    collaborations.

    A mystery shopper might visit the

    fashion store to check how store clerks areresponding to customers. They usually have

    a mental checklist and consciously note

    how the store clerks behave: do they greet

    customers with practiced elegance, do they

    direct the customers attention to special

    promotions, and are they actively engaging

    customers in meaningful conversations.

    The HCM solution offers a flexible and

    convenient way to capture the findings and

    rate the assesses as a part of the behavioral

    appraisal processes.

    Gamification can further make training andevaluation fun by helping you recognize

    employees who display consistence and

    brilliance in their business conduct. With

    Ramco HCM, you can let everybody know

    about their achievement, reward their

    performance on the spot or cumulatively.

    Commendable behavior could also be

    publicized through social media.. For e.g., an

    employee who excels in his work might be

    given a badge to display on LinkedIn or other

    Social Networking sites for a period of time,

    till the next assessment. Similarly, Twitter

    and SMS groups might be used to announ

    employee victories. The feeling of being

    recognized for doing the right thing helps

    motivate employees.

    Threading together a string of benefits

    With a constant focus on mobility and

    ease-of-use, Ramcos HCM ensures talen

    continuity, without hurting the organizatio

    budgets. It can be deployed on a multi-

    tenant Cloud or offered as a managed

    service. Organizations may deploy it

    process-by-process or subscribe fully to it

    and benefit from its integrated flow. It is al

    capable of seamless integration with third

    party social media, accounting and jamm

    platforms, making things more exciting.

    In short, by putting together smart strateg

    with proper processes, a good HCM and

    Talent Management solution can make lif

    easier for your employees and help them

    grow, in turn boosting their performance

    and the bottom-line, without affecting you

    budget.

    Source: Ra

    Interested in finding out more?

    Get in touch! Visit www.ramco.com/hcm

    You can also write to us at contact@ramco

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    Ramco HCM is a global talent management and payroll application.In the market for 15+ years now, it has served a million employee

    records across 36 countries. The product is comprehensive in features

    and delivers optimality in attributes such as best practices, scalability,

    flexibility, up-time and response time. Typical business goals that

    it supports include talent management, business to HR alignment,

    self-service and statutory reporting. It can be delivered on-premise

    or as a fully managed service. Generated from Ramcos ground

    breaking platform, Ramco VirtualWorks, technology attributes

    such as multi-tenancy, SOA etc. allow it to be deployed as true Cloud

    solution, accessible from any device. Also, our product philosophy

    called MUSIC- an acronym for Mobility, Usability, Social, In Memory

    and Context aware forms the basis for every offering of ours.

    Ramco Systems is a part of the USD 1 Billion Ramco Group and

    offers ERP, HCM, SCM, CRM, Financials, Service Management, Asset

    Management, Process Control, Project Management and Analytics

    to multiple verticals on the most appropriate cloud modelpublic,

    private and community. Ramco focuses on providing innovative

    business solutions that can be delivered quickly and cost-effectively in

    complex environments. Globally, Ramco has over 150,000 users from

    1000+ customer organizations across 35 countries. The company

    currently has 21 offices spread across India, USA, Canada, Europe,

    Middle East, South Africa and APAC.

    About Ramco