In the last decade, talent management has become not just a buzzword but also a critical part of most organization’s human resources strategies. And the demands placed today on the talent management function are greater than ever before: 93 percent of CEOs say “they recognize the need to make a change, or are already changing, their strategy for attracting and retaining talent,” according to PricewaterhouseCooper’s 17th Annual Global CEO Survey. However, success in talent management is no longer about implementing new systems and processes. Join workforce intelligence expert Ian Cook as he discusses how talent management leaders and practitioners can leverage workforce intelligence to:
Make recruiting more efficient and effective, resulting in more top performers.
Predict resignations and take proactive action to retain top performers.
Understand how leaders and critical skillsets have developed within their organization.
Ensure they have strong succession pipelines to meet future needs.
Ensure they are paying for performance.
In this webinar, Cook will discuss:
The evolution of talent management.
The definition of workforce intelligence.
Examples of workforce intelligence for
Recruiting
Retention
Performance Management
Succession Planning
Compensation
Webinar - How to set pay ranges in the context of pay transparency legislation
3.11 visier workforce_webinar
1. #WFwebinar
The presentation will begin at the top of the hour.
A dial in number will not be provided.
Listen to today’s webinar using your computer’s
speakers or headphones.
Workforce Intelligence: The Future
of Talent Management
2. #WFwebinar
Speaker: Ian Cook
Director, Product Management
Visier
Moderator: Ladan Nikravan
Senior Editor
Workforce magazine
Workforce Intelligence: The Future of
Talent Management
3. #WFwebinar
Tools You Can Use
Audio Control
– A dial in number will not be provided.
– Adjust the volume by sliding the
indicator in the Media Player box to the
left.
– Also check your computer’s volume for
external speakers or headsets.
4. #WFwebinar
Tools
You
Can
Use
Speaker Bios
Resources
Media Player
Q&A
Slides
Twitter
Help
Post Event
EvaluationShare This
Group Chat
HRCI
WF Webinars
5. #WFwebinar
Tools You Can Use
Q&A and Live Group Chat
– Enter your first name and initial
and join the live discussion with
other webinar attendees
– Enter technical or content-
related questions into the Q&A
box
– Type your question in the space
at the bottom.
– Click “Submit.”
Q&A
Group Chat
6. #WFwebinar
Tools You Can Use
Twitter
- Click “Post” in the Twitter widget.
#WFwebinar
@WorkforceNews
7. #WFwebinar
1. May I receive a copy of the slides?
YES! Click on the resource list located on the top left
portion of your screen.
2. May I review the webinar recording at a later date?
YES! You may log in again using today’s link to review the
presentation on-demand.
3. Is this webinar HRCI certified?
YES! The HRCI certification code will appear in the box to
the right of the slides after the required watch-time has
elapsed.
Frequently
Asked
Ques6ons
8. #WFwebinar
Ladan
Nikravan
Senior
Editor
Workforce
magazine
Workforce Intelligence: The
Future of Talent Management
9. #WFwebinar
Ian
Cook
Director,
Product
Management
Visier
Workforce Intelligence: The
Future of Talent Management
11. Page 11
§ Maximize your business
outcomes, through your
people
ANALYZE
From data to insight
ALIGN
From insight to plans
ACT
From plans to outcomes
VISIER WORKFORCE INTELLIGENCE
13. Page 13
TODAY’S AGENDA
1. How has Talent Management evolved?
2. What is Workforce Intelligence?
3. How does Workforce Intelligence support
- Recruiting
- Retention
- Performance Management
- Succession Planning
- Compensation
15. Page 15
TALENT MANAGEMENT DEFINED
Talent consists of those individuals who can make a
difference to organizational performance either through
their immediate contribution or, in the longer-term, by
demonstrating the highest levels of potential.
Talent management is the systematic attraction,
identification, development, engagement, retention and
deployment of those individuals who are of particular value
to an organization, either in view of their ‘high potential’ for
the future or because they are fulfilling business/operation-
critical roles.
Source: CIPD, UK
16. Page 16
TALENT MANAGEMENT DEFINED
16
Employee
Value
Proposi6on
Brand
Rewards
Recogni?on
Experience
Source
Build
Buy
Borrow
Deploy
Onboarding
Networking
Develop
Training
Assignments
Progress
Promote
Transfer
Job
rota?on
18. Page 18
TALENT MANAGEMENT EVOLUTION
18
Increasing Impact and Scarcity of
Knowledge / Skills
IncreasingFocuson
TalentManagement Goal:
The right person,
in the right role,
at the right time,
for the right cost.
19. Page 19
THE CEO’S AGENDA
19
" CEO’s used to worry solely about cost – in the last 10
years they are increasingly worried about talent quality
Source: PWC 17th CEO Survey
http://www.pwc.com/gx/en/ceo-survey/2014/hrs-talent-
perspective.jhtml
20. Page 20
URGENT NEED FOR CHANGE
20
" There is a big gap between CEO’s expectations and
what the HR function is delivering
Source: PWC 17th CEO Survey
http://www.pwc.com/gx/en/ceo-survey/2014/hrs-
talent-perspective.jhtml
22. Page 22
WORKFORCE INTELLIGENCE DEFINED
Workforce Intelligence enables companies to
maximize business performance through
their people.
23. Page 23
WORKFORCE INTELLIGENCE DEFINED
Analyze
§ Key Business
Questions
Align
§ On Goals and
Strategies
Act
§ On Plans and
Decisions
24. Page 2424
WORKFORCE INTELLIGENCE IN ACTION
Analyze – What is our historical resignation rate?
Align – What resignation rate will we experience in the future?
27. Page 27
RECRUITING
" React:
§ Focus on filling approved positions quickly
" Analyze:
§ Where are the bottlenecks in the hiring process?
" Align:
§ What roles are critical to business success?
" Act:
§ Monitor and adjust hiring resources based on key
business goals
29. Page 29
RETENTION
" React:
§ Deliver reports with basic turnover results.
" Analyze:
§ Why are people leaving?
" Align:
§ Where does turnover hurt the business?
" Act:
§ Focus on retaining only the talent you need
30. Page 30
RETENTION
Predict who has the highest likelihood of leaving and use this to identify
candidates for stay interviews.
31. Page 31
PERFORMANCE
" React:
§ Report on who has and has not completed a
performance review
" Analyze:
§ Whether overall performance is increasing in the right
roles and business units
" Align:
§ Where to focus to develop performance and increase
organizational capacity
" Act:
§ Build development needs into workforce plans to
support business growth
33. Page 33
SUCCESSION
" React:
§ Track based on leader recommendations
" Analyze:
§ Overall depth of succession pools and key talent risks
" Align:
§ Where and how to build succession depth
" Act:
§ Align and track leadership investments to maximize
business results
35. Page 35
COMPENSATION
35
" React:
§ Bounce between the different demands of finance
and line management
" Analyze:
§ Where and how total rewards are increasing
" Align:
§ People and costs to deliver a single integrated view
" Act:
§ Use detailed knowledge of total workforce costs to
plans and monitor results
40. #WFwebinar
Please complete the
webinar evaluation.
41. #WFwebinar
Join our next Webinar!
Sourcing Success: Strategies to Find Your
Best Candidates
Tuesday, March 17, 2015
Webinars start at 2 p.m. Eastern / 11 a.m. Pacific
Register for all upcoming Workforce Webinars at
www.workforce.com/webinars
OR click the icon on the widget bar!