5. Jan Sysmans
Senior Director Marketing, Saba
@jsysmans @sabasoftware
www.saba.com
jsysmans@saba.com
6.
7. Agenda
âą Business Challenges
âą What Is a Talent Magnet
âą Where Do You Start
âą Business Benefits of Becoming a Talent Magnet
âą Conclusion
8. Talent Business Challenges
Talent acquisition and retention has risen to top of the CEO agenda
60% of companies worried about losing top people in 2014
Synchronizing organization design with Business Strategy has
a 5:1 rate of reorganization success
Adobe's stock up 68% since it dumped stack ranking
How best to develop, manage, engage, and retain talent
were among the leading challenges cited by the executives
January 9, 2014 Conference Board Survey Report, CEO Challenge 2014
9. Top of CEO Agenda
Talent challenges business impact:
ï§ Unable to Effectively Pursue Market Opportunities
ï§ Incurring Higher than Expected Expenses
ï§ Poor Engagement & Productivity
17th Annual Global CEO Survey â Jan. 2014
11. What The Experts Say
Josh Bersin
âToday, one could argue that the war is over and âthe talent
won.â While unemployment remains high among many groups,
highly skilled workers are in great demand, making it critical for
organizations to become a âtalent magnetâ and creating a
steady pipeline of top people.â
âThe ability to find and keep talent is perhaps the most
valuable of all leadership attributes. And the best talent
magnets make clear from their constant actions that their
priorities are all about attracting and retaining the best. In
business success, it is always all about people.â
Anthony Tjan
12. âA Magnetic Culture draws
talented employees to the
What is a Talent Magnet
workplace, empowers them, and
sustains an environment in which
they are more likely to stay.
Such a culture is marked by
engaged employees who share a
strong desire to be part of the
value the organization createsâ
15. Talent Magnet: Attract and Retain Top Talent
âą Attract
ï§ A strong and relevant employment brand
ï§ Enabling employees to be a brand ambassadors
ï§ Tap into social talent networks
ï§ Use innovative hiring practices
âą Retain
ï§ Meaningful, exciting & flexible work environments
ï§ Facilitate talent mobility
ï§ Encourage career and skill development
ï§ Transform from competitive, periodic performance
assessment model to continuous coaching and
capability development and where goals are well
understood and aligned with the overall company
goals
Source: Bersin by Deloitte and Saba
22. Becoming a Talent Magnet
âą Companies with strategy-driven integrated talent management
functions have significant advantages over their silo-ed counterparts:
Plan
Talent
Attract
Develop
Retain
ï§ 26% higher revenue per employee
ï§ 40%lower turnover among high performers
ï§ 87%greater ability to âhire the best peopleâ
ï§ 156% greater ability to âdevelop the best leadersâ
ï§ 144% greater ability to âplan for future workforce needsâ
ï§ 92%greater ability to ârespond to changing economic conditionsâ
âIntegrated Talent Management â A Roadmap for Successâ â Bersin by Deloitte
25. Becoming a Talent Magnet Is a Continuous Process
Attract , Enable, Grow & Retain Top Talent
Machine
Intelligence
Skills &
Development
Competencies
Recognize
Plan and Align
Workforce
Talent Mobility
and Retention
Acquire Top
Talent
Collaboration
High Performance
Agile Culture
Click on PWC logo to see specifics from the latest PWC annual global CEO survey (Jan. 2014)
Change in Workforce Demographics: By 2020 50% millenials
Recent PWC Survey highlighted questions pondered by CEOs relative to developing tomorrowâs workforce:
Â
How well-prepared is your organization to find, attract and keep tomorrowâs workforce â even as you deal with todayâs talent challenges?
What are you doing to make your workforce more diverse? And how will you utilize the benefits of diversity?
How will you manage employees with different needs, aspirations and experiences from those of your generation?
How will you address the challenges of dealing with an increasingly autonomous workforce?
What will it cost your organization, if you get your talent pipeline wrong?
Need an integrated talent management strategy to create a highly responsive, high-performance, sustainable organization that meets business targets, both today and tomorrow.
An integrated talent management approach is widely recognized as key enabler for HR function becoming Strategic Business Enabler.
several distinguishing characteristics:
Talent Strategy and Workforce Plan Are Tied to Corporate Strategy: An integrated function is meant to help the business meet the human capital needs of the corporate strategy. As a result, an explicit talent strategy and workforce plan are key to ensuring that talent management activities are aligned with the business. Workforce planning also allows an integrated function to rapidly adjust to changing business needs.
Talent Management Processes Are Aligned to the Talent Strategy: The talent strategy and workforce plan should drive all talent management activities. In an integrated function, the talent strategy and workforce plan are the puppet-master, and the talent management processes are the marionettes.
Talent Management Processes Share Inputs and Outputs (see the graphic): This is a crucial piece of breaking down the siloes of talent management. All three of the examples of siloed behavior discussed above can be partly attributed to a lack of data sharing: Succession Planning not sharing bench successors with Talent Acquisition; Workforce Planning not sharing scenario-based hiring needs with Talent Acquisition, Learning & Development, and Succession Planning; Talent Acquisition not sharing hiring evaluations with Learning & Development.
Competency Model as a Common Language: Each talent management process performs evaluations of talent. A consistent competency model ensures that each process can share that evaluative data with other processes by ensuring that those evaluations are using a common language. If talent acquisition is using a different competency model than Learning & Development, the value of hiring evaluations in the development planning process is greatly reduced.
Technology Enablement for Talent Management: In some cases, the sharing of data across processes in Talent Management can be achieved without technology support, through cross-functional participation in meetings, or paper and email communication. However, technology support is critical to ensure these interfaces are scalable as a company grows.
Change Management as a Foundation: The journey to integrated talent management is transformational, not incremental. A detailed and pervasive change management effort is absolutely essential to ensure that your business is able to follow your lead on that journey.
Saba uniquely provides the next generation talent mgmt. platform with People at its Heart & Employee Experience boosted by Development, Collaboration, Machine Intelligence, Workforce and Organizational Planning.
Letâs spend a few minutes talking about key attributes of next generation integrated talent mgmt. platform from new Hire, Onboarding, Leadership Development, Succession/Workforce Planning.
âA recent survey conducted by Towers Watson shows that organizations with better-engaged employees enjoy a 19% increase in annual operating income compared to a 34% decrease in enterprises with disengaged employees.â
User-centric solutions focus on employees and managers (personalized dashboard), Success Planning, Social Recognition, pQ score (gamification to indicate your level of influence in the org), rockstar nomination, crowdsourced expertise identification, TIM (the intelligent mentor) and many more features all encourage engagementâŠ