BAASS Connect 2013 - Maximize your Return on Employee Investment
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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.
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BAASS Connect 2013 - Maximize your Return on Employee Investment
- 1. Maximizing ROEI – Return on Employee Investment Presented By: Deana Dearry, Regional Manager Sage Employer Solutions
- 2. 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
- 3. 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!
- 4. 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 … a cost that creates future value and future value and pays out over time… pays out over time…
- 5. “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 Steven organizational success.” Covey
- 7. ROEI - Strategic and Transactional Employee/Manager Experience Employee Employee self-service self-service Self-service interaction layer Manager Employee Manager Employee Self-service communications Self-service communications Management Management reporting and analysis reporting and analysis Strategic Recruitment processes Candidate Candidate sourcing sourcing Learning management processes Applicant Applicant tracking tracking Transactional New-hire New-hire on boarding on boarding Contingent Contingent staffing staffing Training Training administration administration Performance and talent management processes Employee Succession Competency Employee Succession Competency performance planning management performance planning management Learning content Learning content management management Compensation Compensation and rewards and rewards Planning Planning and analysis and analysis Transactional HRMS processes Employee records & Employee records & personnel actions personnel actions Benefits Benefits administration administration Payroll Payroll Position HR Position HR management compliance management compliance Workforce management processes Source: Forrester Wave HRMS 2012 Time and Time and attendance attendance Forecasting & Forecasting & scheduling scheduling Absence Absence management management Learning Learning delivery delivery
- 10. Employee Life Cycle Retirement Recruiting Onboarding Promotion Policy Communication Career Development Compensation Performance Evaluation H&W Benefits Training Payroll Leave
- 11. When ROEI isn’t maximized … • 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 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!
- 12. What to Target to Maximize ROEI
- 13. ROEI – Small Change, Big Impact • • • • • Recruiting and Onboarding Paperless HR Risk Mitigation and Compliance Career Enhancement Training Talent Management
- 14. Sage Resources for Today’s Hottest ROEI Topics:
- 16. CELC – Professional Development
- 17. Maximize your ROEI with Sage HRMS
- 18. Employee Life Cycle Retirement Recruiting Onboarding Promotion Policy Communication Career Development Compensation Performance Evaluation H&W Benefits Training Payroll Leave
- 19. End-to-End Solutions Core Sage HRMS Application – Human Resources – Payroll – Time Off – Train – Employee Self Service – Benefits Enrollment – HR Essentials Library
- 20. 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
- 21. Sage HRMS Core
- 22. Sage ESS- Employee Self Service
- 23. Sage Cyber Recruiter by Visibility
- 24. Sage Time and Attendance by Insperity
- 25. 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
- 26. Sage HRMS HR Actions by Delphia
- 27. Sage Talent Mgmt by Cornerstone
- 28. Sage Talent Management Sage HRMS Performance Management Performance Management Cloud Comparison Group Professional Performance appraisals X X X X Goal setting & management X X X X Cascading goals Social performance reviews X X X X X X X X 360 degree performance reviews X X X Competency management X X X Competency assessment Career Development X X X Career center X X X Development planning X X X Career pathing X X X X X Performance Management Observation checklist Compensation Management Enterprise Total Compensation and salary planning Merit & incentive management X X X X Budgeting and reporting X X Off cycle transaction support X X Multi-currency support X X Compensation modeling Succession Management X X Internal talent pooling X Organizational charting X 9-box grid X Succession planning Talent planning & mobility X X Talent search X
- 30. sagehrms.com
- 31. • 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
Hinweis der Redaktion
- Maximizing the company’s return on employee investment is ultimately the challenge and responsibility of the human resource department. Even if the ‘department’ is a part-time responsibility, which is often the case in smaller organizations. On this slide you see what’s called the ‘employee life cycle and Human Resources supports all of the phases of this employee life-cycle. From recruiting and on-boarding all the way to retirement. And from flawless payroll processing to tax-filing, benefit enrollment and other compensations. From training to performance management, career development and promotions. Each of these phases in the employee life cycle are in some form or other present at every organization. Traditionally, human resource solutions are created to make the HR person or department more efficient registering and managing all or most of these employee related processes and tasks.
- Maximizing the company’s return on employee investment is ultimately the challenge and responsibility of the human resource department. Even if the ‘department’ is a part-time responsibility, which is often the case in smaller organizations. On this slide you see what’s called the ‘employee life cycle and Human Resources supports all of the phases of this employee life-cycle. From recruiting and on-boarding all the way to retirement. And from flawless payroll processing to tax-filing, benefit enrollment and other compensations. From training to performance management, career development and promotions. Each of these phases in the employee life cycle are in some form or other present at every organization. Traditionally, human resource solutions are created to make the HR person or department more efficient registering and managing all or most of these employee related processes and tasks.