3. What is Talent Management
What Drives Talent Management
Integrated Talent Management
Paradigm Shift
Unified Talent Management
Benefits
Impact on C-Levels
Hidden Costs
Advantages
4. Talent Management
Attraction Development
Management
Retention Engagement
Systems and Strategies Utilized to
Find, Manage, Motivate and Empower Your Employees
5. Most common solutions associated
Applicant Tracking System
Performance Management
Succession Planning
Training (Learning Management System)
Compensation Management
6. Traditional HR Talent Management
Reactive Proactive
Administrative Strategic
Confined to HR staff Everyone‟s Responsibility
Transactional Collaborative
Certain times All the time
Promises soft-dollar benefits Delivers hard-dollar benefits
Adds paperwork Adds value
Counts heads Heads count
Downplays its drag on bottom Adds to the bottom line
line
Mission critical/core
Should be outsourced competence
7. Local Focus Global Mindset
Automation Transformation
Stand Alone
Integrated Suite
Applications
Reports Decision Support
9. The demand for strategy-based talent management has
never been greater.
.
Senior management, boards of directors, analysts, and
investors factor a company’s talent management maturity
and the quality of its workforce into the valuation equation.
A McKinsey study (Axelrod, et al., 2010)
concluded that organizations scoring in the top quintile of
talent management practices out perform their industry, as
measured by return on shareholder value, by a remarkable
22%.
10. Attraction – want to attract top performers
◦ Salary is no longer number one reason to take a job
Ability for career advancement
Money spent on Training
Culture
Retention – want to keep top performers
◦ Improve employee satisfaction
◦ Keep employees engaged
Performance – Improving the individual performance of
employees so that the organization meets is Business Goals
Analytics – need to be able to prove what HR is doing is
having a positive effect
Automation – improving ability to perform
functions, freeing time for more strategic initiatives
Total Cost of Ownership (TCO) and ROI
11. Too difficult to use
Too many systems
Too hard to remember how to access
No time to train (especially on multiple solutions)
No real data to validate ROI
Incomplete processes (multiple systems)
No Executive buy in
No Manager buy in (WIIFM)
To short sighted – no long term vision
12. Need Applicant Tracking System - ATS
◦ Too many resumes
◦ No database
◦ Tracking
◦ Reporting
◦ Portal
◦ Research, RFI, RFP,
◦ Present and Future Needs
◦ Buy Best System
13.
14.
15. “We are reaching a point in this market
where „integration‟ is more important
than „functionality,‟” Bersin wrote. “The
days of having one island of software Josh Bersin
for learning management, another for The TM Software Slump.
performance management, and a third
JoshBersin.com
for recruiting, are slowly going away –
most mid-market and an increasing
number of large companies are now
heavily leaning toward „full suite‟
solutions.”
16. What goes around comes around!
Late 90‟s ERP preaching Integrated
(Oracle, SAP, Peoplesoft, JDE, BAAN)
Major Players Piping Best of Breed Story
Recruitsoft/Taleo CEO says they will dominate market
because their unique value proposition is that they do Applicant
Tracking and nothing else!
17. Integrated means that
software, systems, or applications
can be made to speak to each other.
(Pass defined data back and forth)
Cost of having two unique solutions
often purchased as stand a lone or best
of breed that you now require to
communicate with each other
18. Unified or Organic “the new
Integrated” is when systems are built
as one solution, one interface, one
application, one database, no
multiple uploads of data, all data is
real time (not batched nightly), they
use the same naming
conventions, fields and columns so
both use and reporting is simple and
effective
19. The Human Capital Space has unparalleled
acquisition
More companies trying to have an integrated
strategy
Made easier by use of API (Application
Programming Interface)
New Wave?
SAP buys Successfactors large footprint now owns
Cloud Software.
20. While ERP‟s are Integrated/Unified focus is not
HR specific
◦ can often lag behind on functionality
◦ based on licensing model – large IT Footprint (why SAP
bought Successfactors)
Integrated Talent Management vendors through
acquisition
◦ – delays in true integration and multiple user interfaces
Unified or Organic one interface more robust
analytics, better user experience
21. Usable Functionality
According to Aberdeen Group, “Best-in-Class
companies report a variety of planned enhancements
to the functionality of their HR systems: it is important
that these enhancements actually provide value, and
aren’t just ‘whiz-bang’ additions. While robust
capabilities and enablers can add a great deal of
value, make sure that they are part of the mission of
the organization, not just a new offering.”
22. Best of Breed perceived as leaders with unique
features
Integrated providers will catch up
Occasionally a niche vendor offers a valuable, specialized feature not available
within an integrated talent management framework. It is crucial to remember
that development is continuously progressing on the capabilities of the
framework. Therefore, it is likely that same feature will come available with
the framework in the near future—if the feature is part of a best practice.
23. A CedarCrestone study revealed a
strong correlation between
organizations with integrated or
mixed talent management solutions
and operating income growth as
measured over a two-year period.
24. Even if a niche vendor extends its recruiting offering
into performance and compensation and calls it
integrated, the absence of native integration with the
core HR system depletes the business benefit.
CedarCrestone/Oracle
25. CEO:
Realizes value of top talent
Importance of development of talent for growth
Maximize performance
Advanced analytics
CIO:
Single Vendor Accountability and Management
◦ No finger pointing
Focus on solution not interfaces and integrations
CFO:
reduce number of contracts
Reduced integration points saves money
Economies of scale – reduced TCO
26. One vendor to manage
One sign-on
One interface (unified/organic)
Less training
Higher user adoption
Improved analytics
Less Integrations – down time and money
Reduced Costs
27. Bersin & Associates finds that organizations that
take an integrated approach to talent
management
1. are more capable of retaining high
performers,
2. realize higher revenue per employee
3. are generally better at responding to
economic change.
28. Career Path
My Job/
Development
Employees
Plan
Job
Skills &
Competency
Dream
Job
Measure
Performance
Motivate, Engage and Develop your Future
Leaders
29. How many systems and integrations to find data
and critical analytics
Employee
◦ Information – job, start date, contact info
◦ Career Path
◦ Development plans
◦ Skills/Competencies
◦ Performance
Report on gaps
Trends
30.
31.
32. Long Term Vision
Not always what’s best now
Collaboration between HR
business units
◦ Recruitment, OD, Training
Presently you have some staffing metrics that are certainly helpful, but imagine how much more knowledge you would gain buy having the following metrics! We all know it is about quality not quantity of candidates the same goes for hires.
Industry is seeing a trend to unified. That all the bells and whistles in the world can’t replace the ability for systems to maximize the ability to communicate effectively with each other.
Just imagine 4 systems, 4 interfaces to learn, 4 passwords, 4 different log on places how well received by hiring managers would that be? And having 4 disparate systems can create HR Silo’s of information.
Just imagine 4 systems, 4 interfaces to learn, 4 passwords, 4 different log on places how well received by hiring managers would that be? And having 4 disparate systems can create HR Silo’s of information.