Blogs
My colleague Robin Erickson, Ph.D. and I just completed a webinar
called "Get Ready for 2015: Ten Top Actionable Talent Acquisition Trends." In
the question and answer period at the end, one of the almost 1,000 registrants
asked about the ability to actually apply for a job via a smartphone: Will it make the recruiter’s job harder or
easier?
It’s a good question, isn’t it? Is ease in applying for a job a goal? If it is really easy, will recruiters just be
flooded with junk applications? Or
should the act of applying be laborious enough that only the truly committed
apply? Is it different by industry? By age
group?
A poll during the webinar showed that over a quarter of participants
used mobile in the recruiting process—but we really don’t know how many
supported the ability to apply with a mobile phone. And this moves us to the broader
consideration—how do we in human capital management (HCM) plan to use
smartphones with not only applicants but also with our existing employees?
What is your company’s stance on HCM apps on smartphones? Do you use them today? Will you add mobile aps
in the year ahead? Please let us hear
from you! Take this short survey (just a
few minutes, promise!) on use and intended use of human capital related apps on
Smartphones by clicking on the link below.
https://bersin.qualtrics.com/SE/?SID=SV_4Oe9ZKgWotNWEVT&Source=BLG
This publication contains
general information only and Deloitte is not, by means of this publication,
rendering accounting, business, financial, investment, legal, tax, or other
professional advice or services. This publication is not a substitute for such
professional advice or services, nor should it be used as a basis for any
decision or action that may affect your business. Before making any decision or
taking any action that may affect your business, you should consult a qualified
professional advisor.
Deloitte shall not be
responsible for any loss sustained by any person who relies on this
publication.
As used in this document,
"Deloitte" means Deloitte Consulting LLP, a subsidiary of Deloitte
LLP. Please see www.deloitte.com/us/about for a detailed description of the
legal structure of Deloitte LLP and its subsidiaries. Certain services may not
be available to attest clients under the rules and regulations of public
accounting.
Copyright © 2014 Deloitte
Development LLC. All rights reserved.
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<span class='date ' tip=''><i class='icon-time'></i> Dec 05, 2015 01:13am</span>
|
You
know you will need to hire new employees in the new year—but are you ready?
Will your competition out-engage you in your marketplace? And what will you do
if you cannot find the talent you need when you need it?
This
afternoon, my colleague Katherine Jones, Ph.D. and I presented a webinar that
outlined ten actionable trends that we think will make a difference in talent
acquisition (TA) in 2015. If you missed it, you can check out the live tweets
at #PFLiveChat and here is a brief recap:
Manage Your Employment Brand: Your employment brand reflects
your organization and is your strongest asset for attracting new employees and continuously attracting/retaining
the high-performers you don’t want to leave. Is your employment brand simply
irresistible? And are your employees brand ambassadors for your organization?
Craft a Strategic Social Media
Campaign: Recruiters
need to "go where the puck will be" and understand where candidates are spending
their time (pssst: they’re not just on social networks and job boards!). Our recently
published High-Impact
Talent Acquisition (HITA) industry study found that mature TA functions are
five times more likely to have an effective social media campaign.[1]
And leading-edge companies have dedicated social media strategists to curate
content.
Develop a Candidate Experience
Strategy: Just like
in dating, recruiters should create a good first impression with candidates. Check
out my September 28th blog, It’s
All About the Candidate Experience, for some suggestions on how to
differentiate your organization’s candidate experience.
Reimagine the On-Line Application: Unfortunately technology hasn’t kept up as job
seekers today are faced with first-generation hiring management systems. Face
it: many applicants are searching for jobs on their mobile devices and they’re
not going to fill out a 25-page application on their phone. Want to know what’s
happening with mobile? Take a short
survey and check back in a couple of months for the results.
Reinvent Candidate Communications: Ever applied for a job and
wondered if your resume went into a black hole? Or worse, applied for a job and
received an auto-reject notification within minutes? In a world where we can
personalize our M&M’s (yes, I did it for Christmas!) and even our phones
know our names, recruiters should be sending personalized content to
candidates. Make sure the messages are authentic and representative of your
employment brand.
Engage Hiring Managers: According to our HITA research,
recruiters developing effective relationships with hiring managers is the most
influential drive of TA performance outcomes—and a staggering 97% of mature TA
functions report that they have strong relationships with hiring managers.[2]
And guess what? Developing relationships doesn’t cost your organization much
money—just time and mindfulness!
Develop Talent Pipelines: Not to be overlooked,
developing candidate pools is the second most influential driver of TA
performance outcomes.[3]
The task of recruiting has moved from the reactive filling of requisitions to
proactively courting high-quality talent. Ultimately, with talent pools done
well, recruiters can deliver talent on demand.
Up the Ante on Onboarding: Did you know that 22% of staff
turnover occur in the first 45 days of employment and that 4% of new employees
leave after a disastrous first day?[4]
Organizations should customize their onboarding programs for various job roles
and generational groups, but should include a consistent experience and
messaging. In addition, automation is critical to both efficiency and
consistency, and some onboarding can be done online before the first day (aka
"preboarding).
Make Your Metrics Matter: Understanding the importance of
metrics and analytics is a significant challenge for the talent acquisition
function. With an array of metrics available, organizations should first decide
what they want to measure, then determine if they have the technology in place
to support the need. The next big thing? Going beyond historical reporting to
predictive analytics.
Plan for Global TA: Regardless of organizational maturity
level, our research found that 68 percent of TA functions were not globally
prepared.[5]
TA leaders should consider their unique talent landscape—which includes
candidate availability and engagement, as well as technology solution and
services providers—as they look to take their functions to a global level.
So what else
do you think will be important for Talent Acquisition in 2015? Feel free to add
a comment below, connect with me on Twitter @RAEricksonPhD, or by email at rerickson@deloitte.com
[1] High-Impact
Talent Acquisition, Key Findings and Maturity Model, Robin
Erickson, Ph.D., Kim Lamoureux, Denise Moulton / Bersin by Deloitte, September 2014.
[2] Ibid.
[3] Ibid.
[4] Help
New Hires Succeed: Beat the Statistics, SHRM Presentation by The Wynhurst
Group, April 2007, www.masteryworks.com.;
Egon Zehnder International, 2007, as quoted in http://selectmetrix.com/
blogs/category/onramping/.
[5] High-Impact
Talent Acquisition, Key Findings and Maturity Model, Robin
Erickson, Ph.D., Kim Lamoureux, Denise Moulton / Bersin by Deloitte, September 2014.
This publication contains general information only and Deloitte is not, by means of this publication, rendering accounting, business, financial, investment, legal, tax, or other professional advice or services. This publication is not a substitute for such professional advice or services, nor should it be used as a basis for any decision or action that may affect your business. Before making any decision or taking any action that may affect your business, you should consult a qualified professional advisor.
Deloitte shall not be responsible for any loss sustained by any person who relies on this publication.
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<span class='date ' tip=''><i class='icon-time'></i> Dec 05, 2015 01:13am</span>
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This year our Predictions for 2015 has some hard-hitting new ideas to consider - in this article I will give you some highlights, and you can download the report here.
Top Line: Enormous Changes are Ahead
2015 is going to be a big year in the world of corporate talent. The economy has improved (near full employment in the US), the job market for technical and professional skills is hot, and technology is radically changing the whole nature of work.
Thinking back over my 35 years as a working professional, I barely recognize what work is like today. I was joking with my children about how I used to go to work with a briefcase filled with papers, there were no computers, no voicemail, and only an office of people and a telephone to work with. We had a steno pool (people who typed letters for us), and I had an old-fashioned boss who sat in the corner office with his tie on and his jacket buttoned. He was really a wonderful manager, but it was all about "doing your job" and getting a good performance appraisal.
Today we work at home, in coffee shops, on airplanes, and often late at night. We interact with people all over the world easily, and we have tools and technologies at our fingertips to find information, write, communicate, and analyze data like never before. And thanks to the growth of cognitive computing technologies, we will all soon have thinking machines in our phones, machines that monitor where we are, what work to do, what customer problems to solve, and even what HR problems to address.
Much of this transition has been positive, but much has also been difficult. Many of us are "overwhelmed employees" and our research shows that employee engagement and retention is at an all time low. While many people are still looking for work, more and more people are getting fed up with the 24/7 work environment around us, so they go to social websites like LinkedIn or Glassdoor and jobs are offered to them.
The concepts of "integrated talent management" are rapidly changing, with most HR practices being reinvented. In fact I'd say that talent management as we've known it over the last ten years is about to go away and be reinvented, with a focus on what I call Engagement, Experience, and Environment. (Read my latest article "Is Corporate Talent Management Dead?" if you want more on that topic in particular.)
The ten predictions we write about for 2015 cover topics from employee engagement to new technologies for HR, a whole new focus on culture, renewed strategies to develop leadership, and the need to revitalize HR and invest much more heavily in analytics. But overall the big trend is this: almost everything we've done traditionally in HR has to be adjusted (or re-engineered). The younger, more mobile, more agile workforce and workplace we now live in demands new approaches: flexible work policies, more focus on empowerment and skills development, a more humane work environment, and both financial and workplace benefits which are locally relevant.
As we look at 2015, we see five fundamental shifts which dramatically impact corporate talent, leadership, and HR strategies.
1. Technology has removed the barrier between work and life.
Companies have to focus on culture, environment and simplification.
We are working all the time, emails and messages are streaming in 24/7, and information, conversations, and content is literally streaming at us wherever we go. The work "environment" we live in today is radically different: people work wherever they want, leading to a huge wave of open offices; over-work is a tremendous challenge, and people are not sure how to deal with the overwhelming amount of information they receive each day. Design thinking, simplification, and ease of use are the new mantras for corporate talent programs.
2. Employee engagement, culture, and leadership are lifeline issues.
Glassdoor data shows a split in companies. There are huge segment of companies who are "highly engaged" and a similarly large number of companies whos employees are "actively disengaged." The highly engaged companies are attracting the best people, delivering greater customer service, and innovating better. These companies are focused on mission, culture, and leadership - and they understand that people are not "talent," they are people - with their own personal needs and aspirations.
This focus on engagement has impacted everything we do, because ultimately employee engagement is all a business has. Companies have to rethink their coaching and development strategies, their career mobility strategies, and how they develop and select leaders. Today's leader focuses on "building a highly engaged team" not just "delivering on business results."
Unfortunately our research shows that the gaps in corporate leadership are wider than ever. Research by Deloitte and others (highlighted in the report) will show you how leadership development, assessment, and coaching has to be a top focus for 2015.
3. Learning, capabilities, and skills are the currency of success.
From both an individual and organizational standpoint, technical and professional capabilities are now the currency of success. If you can attract or develop better scientists, engineers, sales people, or functional experts you will beat your competition. And once you attract these people you must give them a compelling learning environment to stay current, as technology advances at an accelerating rate. L&D organizations and strategies have not kept up, and we are in an era where corporate learning is going through as much change is we witnessed in the early 2000s when e-learning hit the scene.
4. HR as a function is at a crossroads and must reinvent itself.
Underlying most of these issues is the need to reskill and re-energize HR. It's interesting that the US organizations SHRM and HCI are now competing to sell HR certifications. The problem is not one of certification, it's one of redefining what HR professionals do. Company after company I talk with is going through a restructure of their HR team, moving HR closer to the business, and reskilling generalists into finely tuned business consultants. I believe this is a decade-long transition taking place within the HR function.
5. Data is now integral to all decisions HR must make.
Finally, we are entering a talent world where people data is now central to every decision we make. Organizations that are investing in analytics teams, analytics tools, and analytics expertise are going to far outperform their peers. Who to hire, who to promote, how much to pay, how to develop, what next job to take - all these decisions are now "data enabled" and we expect HR technology, which is becoming more integrated every day, to become more and more like "instrumentation of your organization"- giving you data to improve organizational performance every day.
Read our predictions and join me on our webinar on Friday, January 23, 2015, at 2PM EST. (Register Here.)
This is my eleventh year writing the Bersin Predictions for the coming year, and I think the changes ahead are more transformational than ever before. I hope you find the report educational, inspiring, and helpful as you plan your year. I am thankful to the world community of talent and HR leaders I get to work with every day.
And as always I look forward to your comments and feedback. (Click here to download report.)
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<span class='date ' tip=''><i class='icon-time'></i> Dec 05, 2015 01:12am</span>
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Does your
organization have the technology it needs to meet your performance management
goals? Many do not. Companies we
surveyed are looking closely at both how they manage and measure their employees’
performance -- and at the technologies they have in use today.
In our
recent Bersin by Deloitte study of buyers, we learned that of companies purchasing
new talent management software this year, 67 percent were planning to purchase
performance management software, either for the first time or as a replacement
for existing solutions.[1]
[2]
Why? There
are several factors:
Performance
management is increasingly deemed critical in today’s organizations and the
historical systems are not perceived as adequately supporting next-generation
practices;
The
current installed systems are aging;
Companies
may have multiple different systems and seek to consolidate into one
corporate-wide platform.
Of those
replacing existing software, fully 75 percent sought to replace a standalone
performance management application with an integrated suite solution.
The
majority of organizations we surveyed (74 percent) use one software solution
for their performance management system, but respondents reported that as many
as ten or more systems are used inside their organizations today.
The source
of this software varies: 41 percent of
respondents reported that their performance management solutions are
self-developed; 38 percent are provided by a vendor (often a suite vendor,
although the module may be stand-alone) and 21 percent use modules that are
within their core HR systems.
In 19
percent of organizations, the software in use is aging -- seven or more years
old. This is especially the case with large organizations, where 29 percent of
organizations with more than 25,000 employees have owned their performance management
system for more than seven years.
Reliance on home-grown, self-developed solutions for
performance management may well be part of the reason for the interest in
procuring new applications in the near future; the lack of any technology solution,
as noted by 15 percent of respondents may be another. And twelve percent of the population
we surveyed noted that they did not have a formal performance management
process at all.[3]
If you are one of the many HR
professionals looking at new technology to aid in the management of your
employees’ performance, you may also be seeking criteria to help in the
selection process. Our upcoming report "The Definitive Guide
to Performance Management Software: 2015 --
A Roadmap to Performance Optimization and the Solutions that Support It"
overviews the key features you will want to consider and the vendors that
provide them.
Look for this new report shortly!
This publication
contains general information only and Deloitte is not, by means of this
publication, rendering accounting, business, financial, investment, legal, tax,
or other professional advice or services. This publication is not a substitute
for such professional advice or services, nor should it be used as a basis for
any decision or action that may affect your business. Before making any
decision or taking any action that may affect your business, you should consult
a qualified professional advisor.
Deloitte shall
not be responsible for any loss sustained by any person who relies on this
publication.
As used in this
document, "Deloitte" means Deloitte Consulting LLP, a subsidiary of
Deloitte LLP. Please see www.deloitte.com/us/about for a detailed description
of the legal structure of Deloitte LLP and its subsidiaries. Certain services
may not be available to attest clients under the rules and regulations of
public accounting.
Copyright © 2014
Deloitte Development LLC. All rights reserved.
[1]
Investments in Human Capital Management
Systems 2014: What Technology Users Have and
What They Will Buy in the Year Ahead. Katherine Jones. Bersin by Deloitte.
April 2014.
[2]
The four
application areas most often sought as an integrated via a suite rather than
have as standalone solutions are recruiting, onboarding, learning and
performance management.
[3]
Investments in Human Capital Management
Systems 2014: What Technology Users Have and
What They Will Buy in the Year Ahead. Katherine Jones. Bersin by Deloitte.
April 2014.
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<span class='date ' tip=''><i class='icon-time'></i> Dec 05, 2015 01:11am</span>
|
Do you have a family member or friend who has been
unemployed for six months or longer? Or perhaps underemployed for the last few
years?
It’s no secret that U.S. workers were hit hard by the Great
Recession. One feature that has distinguished this recession from many past
ones has been the persistence of long-term unemployment. Indeed, many workers
who lost jobs during the recession have yet to find work, and many more have
dropped out of the labor force completely. As
of October 2014, 3 million Americans have
been looking for work for six months or longer.[1] The long-term unemployed are much more
likely to drop out of the workforce altogether and are also much less likely to
find a job than their short-term unemployed counterparts.[2]
What makes long-term unemployment so frustrating is that
traditional (and even logical) explanations for unemployment seem to have no
bearing on the issue. As we move toward a skill-based economy, it would make
sense that under-educated workers are having a more difficult time finding
work. But research has found that long-term unemployment does not discriminate.
Job-seekers are just as likely to be
college educated as not, and even relevant work experience does not seem to
help the long-term unemployed.[3]
In January 2014, the White House unveiled its plan that
calls for employers to develop leading practices for recruiting and hiring the
long-term unemployed, seeks to ensure that federal agencies give the long-term
unemployed a fair shot, drives innovation around the issue through a Department
of Labor grant competition, and enables workers to seek out training resources
to increase their job-competitiveness.[4] The White House long-term unemployed
initiative has received a positive reception from the business community, with over
300 companies signing the pledge.
Many of these companies have already employed some leading practices with
regard to recruiting the long-term unemployed, and others are sponsoring
initiatives aimed at getting more Americans back to work.
In response to the White House call to action, Deloitte Consulting LLP collaborated with
The Rockefeller Foundation to develop three handbooks aimed at helping 3
million Americans get back to work:
·
For Employers:
A Guide to Recruiting and Hiring the
Long-Term Unemployed: A Handbook for Employers—this guide enables employers
to leverage industry leading practices aimed at the long-term unemployed and
includes a case for change, the long-term unemployed maturity model,
recommendations for recruiting, an implementation toolkit, vignettes, and case
studies.
·
For
Job Seekers: New Guide, New Destinations: Navigating Out
of Long-Term Unemployment—this guide for job seekers includes recommendations for
retooling a job search, including personal stories and lessons learned from
employers and the previously long-term unemployed. Also included are an
overview of available resources, a checklist for successfully finding a job and
interactive exercises and activities.
·
For
Community Leaders: Engage Your Community: A Local Guide to
Addressing the Long-Term Unemployment Challenge—this guide for local community
leaders includes a four-step plan to help mobilize support in local
communities, recommendations to develop a local strategy for addressing
long-term unemployment, guidelines on identifying a local long-term
unemployment ecosystem, sample action items for each ecosystem partner to
mitigate long-term unemployment and talking points on how to advocate for the
long-term unemployed.
I’ve been happy to support this initiative for four reasons. First,
according to leading economists, the United States’ current level of long-term unemployment could cause
lasting damage to the U.S. economy as a result of skills deterioration, lower
labor force participation, and higher levels of structural unemployment (the unemployment resulting from industrial
reorganization, typically due to technological change rather than fluctuations
in supply or demand).
Second, I believe that the long-term
unemployed are an overlooked labor pool. Despite decreasing unemployment,
as of August 2014, there were still 4.8 million unfilled jobs in the United
States.[5]
It makes business sense for organizations to target the long-term unemployed with
their recruiting strategies and the employer handbook will help them develop
the business case for doing so.
Third, like hiring veterans and the disabled, it’s a good thing to help Americans find work who
may not have been given a fair shot (good from both the feel good
perspective and for your employment brand!).
Fourth, and much more personally, I also have family members and
friends who are long-term unemployed or underemployed and I’m hopeful the job seeker handbook will help them.
What can you do today
to help our nation’s long-term unemployed?
·
Download a
copy of the handbooks here for
yourself
·
Help us get the word out:
o
Share the link with your organization’s Talent
Acquisition leader and recruiters and ask them to download A Guide to Recruiting and Hiring the
Long-Term Unemployed: A Handbook for Employers
o
Share the link with your family and friends and encourage them to download the New Guide, New Destinations: Navigating Out
of Long-Term Unemployment handbook
o
Share the link with your community leaders
and encourage them to leverage the Engage Your Community: A Local Guide to
Addressing the Long-Term Unemployment Challenge handbook
·
Tweet
about the handbooks—please help us make these resources go viral! Here’s a shortened URL: bit.ly/1sIqdn7
·
Look for
the upcoming, complimentary Bersin research report Unemployed but Not Unemployable: Recruiting & Hiring the Long-Term
Unemployed on www.bersin.com
·
Join me for the upcoming, complimentary Bersin
webinar: Unemployed
Long Term, Not Unemployable: What Companies Can Do To Help
on Thursday, November 13th
at 2:00 pm ET
[1] Source: "Employment Situation Summary,"
Bureau of Labor Statistics, September 5, 2014, www.bls.gov/news.release/empsit.nr0.htm.
[2] Source: "More Gloom for the Long-Term
Unemployed, from Alan Krueger," Wall
Street Journal / Jon Hilsenrath,
May 22, 2014, http://blogs.wsj.com/economics/2014/05/22/more-gloom-for-the-long-term-unemployed-from-alan-krueger/?KEYWORDS=long+term+unemployment.
[3]
Gretchen Gavett, "The American Way of Hiring Is Making Long-Term Unemployment
Worse," Harvard Business Review (Online)
(13 December 2013) http://blogs.hbr.org/2013/12/the-american-way-of-hiring-is-making-long-term-unemployment-worse/
[4]
For more information, see the White House website: http://www.whitehouse.gov/blog/2014/02/10/more-300-companies-pledge-help-long-term-unemployed-0
[5]
Source: "Job Openings and Labor Turnover—August 2014," Bureau of Labor
Statistics, October 7, 2014. http://www.bls.gov/news.release/pdf/jolts.pdf
This publication contains general information only and Deloitte is
not, by means of this publication, rendering accounting, business, financial,
investment, legal, tax, or other professional advice or services. This
publication is not a substitute for such professional advice or services, nor
should it be used as a basis for any decision or action that may affect your
business. Before making any decision or taking any action that may affect your
business, you should consult a qualified professional advisor.
Deloitte shall not be responsible for any loss sustained by any
person who relies on this publication.
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<span class='date ' tip=''><i class='icon-time'></i> Dec 05, 2015 01:10am</span>
|
Last week I attended the Talent Analytics Leadership Roundtable hosted by Northwestern University and co-sponsored by Sears Holdings Corporation. The event included over 20 talent analytics thought leaders from companies in high tech, retail, financial services, manufacturing, and service industries - a veritable Dream Team of analytics brainpower.
The discussion revolved around how organizations are deriving value from talent analytics, their use of methods, models and technologies, and trends for the future.
Here is a recap of a few key themes from the discussion.
1. Predictive retention models: Coming to a desktop near you.
With their advanced analytics capabilities, most of the roundtable participants have built their own predictive retention models and are using these to understand and help prevent turnover. But these models will soon be available to the masses. Solution providers big and small have jumped into this space with pre-packaged solutions: Oracle, Workday, SuccessFactors, Visier, Evolv, just to name a few. In the near future, these models will be available to thousands of organizations. The question is: are HR and business leaders ready?
If the models are constructed well, they can be extremely beneficial to organizations in uncovering potential problem areas and helping organizations identify targeted initiatives to help mitigate turnover.
But HR needs to be able to validate these models over time and within targeted employee segments. One Fortune 100 company I talked with recently, for example, said that its model was very accurate for individual contributor and manager-level roles, but totally fell apart for senior leadership roles. HR needs an advanced analytics capability to be able to assess the accuracy of these models.
In addition, some organizations worry about disclosing the predicting turnover scores for individuals, as managers may not use this information appropriately. If a manager can only send one of two high potentials to a development event, for example, perhaps she will send the individual with a lower predicted turnover score, figuring that to send the one with high predicted attrition would be a waste of money (and eventually the attrition becomes a self-fulfilling prophecy).
For these reasons, HR leaders will need to decide who has access to these models and how they are used. Both HRBPs and managers will need training on how to use the information in the models, and new talent initiatives may need to be created given the different factors related to risk.
The use of predictive retention models is an exciting step forward for analytics, but HR needs to get ahead of the game to make sure they serve their purpose.
2. Continuous performance feedback replaces the dreaded annual performance appraisal.
We’ve been saying for more than three years that the annual performance appraisal is dead (or should be.) For many of the participants at the roundtable, this goal has become a reality. These organizations have moved past the static, once a year performance process in favor of more continuous feedback. This approach includes regular feedback check-ins with the manager (typically two to four times per year) plus ongoing feedback from peers (sometimes called "crowdsourced" performance feedback). While these organizations are enabling broader, more immediate feedback from a variety of sources, they still emphasize the importance of managers and employees having conversations about performance. In other words, peer feedback does not completely replace managers, but rather supplements and supports manager-to-employee conversations.
At Sears Holdings Corporation, for example, employees have a digital cloud-based application they can access anytime on their computer or smart phones to request and give feedback to anyone else on the platform. The tool provides a view into how they are achieving results and how they are demonstrating capabilities and living the culture. The feedback goes directly to the employee and the manager has full visibility to all feedback an employee receives, helping both quickly identify what worked well and where they can improve. The new platform was specifically designed to structure feedback in the most effective way possible and create a growth mindset, facilitating continuous improvement. Launched three months ago, the new feedback tool is catching on, with over 10,000 feedback submissions in the first months of deployment.
This is the future of performance feedback. Companies that are still stuck in the once-a-year review cycles would be wise to rethink now how they conduct their performance process.
3. An overhaul in employee engagement measurement.
In a similar vein, the annual employee engagement survey process is due for an overhaul, and many leading organizations have moved past the static process in favor of continual measurement. Similar to the performance review issue, why wait for a once-a-year reading on the engagement levels of your employees? If you have a problem, most of your high performers will have left by the time you analyze the survey results.
Instead, organizations with advanced analytics capabilities are continually monitoring employee engagement by analyzing employee postings on internal discussion sites and communities. IBM, for example, has an initiative underway to use sentiment analysis of internal postings to monitor engagement on a regular basis. By augmenting their traditional survey approach with ongoing monitoring of engagement, the company can get a better handle of issues as they arise and take prompt action.
These are exciting trends but a big change for many companies. HR needs to be at the forefront, advocating for these ideas and paving the way for these changes. That will require a savvy analytics capability, a great deal of change management to gain buy-in, and development initiatives to upskill HR and business staff to appropriately glean insights from data.
4. Prepare to address privacy and ethical issues around analytics.
Analytics offers so much promise, but it also brings up a number of ethical questions and privacy concerns. From the example cited earlier (what if managers start discriminating against employees with high predicted attrition scores?) to organizations wanting to scrape employee comments off external sites , ethical questions - as well as legal ones - abound. These are even more prevalent in Europe, where the legal standards on data are higher. Even something as seemingly simple as analyzing diversity data can be fraught with legal concerns.
Analytics leaders need to be thinking about these issues now and establishing partnerships with their legal teams to address these concerns. Even if an initiative is "legal" it can raise concerns among employees that will cause a backlash. Just because data can be collected and analyzed, that doesn’t mean it should be. Analytics leaders will need to tread a fine line and decide what is appropriate for their organizations. The more transparent they can be about the purposes of the research and how it will be used, the more acceptance and support may be gained among employees - and the press. (For more insights on this issue, check out this article.)
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<span class='date ' tip=''><i class='icon-time'></i> Dec 05, 2015 01:09am</span>
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We just released new research which shows an astounding gap between what business executives say and what they do, and one of the biggest issues highlighted is a lack of focus on leadership development.
Here is the data: A majority of America's business leaders (66 percent of CXOs and 63 percent of CXOs in waiting, among the 300 surveyed) say they are very confident that their organizations will outperform the competition over the next 12 months. But when asked about their confidence in their ability to address specific obstacles to growth, nearly half had some doubts (43 percent of CXOs and 44 percent of CXOs in waiting). Note: A "CXO in Waiting" is an executive in succession to take on a CXO role.
What is keeping these leaders up at night?
It appears to be three things.
First, problems CXO's worry about (talent and skills gaps, cyber risk, competition from emerging markets) are not getting funded adequately.
The data shows, for example, that 72% of the executives who worry about Cyber Risk are not prioritizing investments in funding and incident response; 67% of the executives worried about emerging markets are not adequately investing in talent and business in these markets, and 35% of the execs worried about skills shortages are not prioritizing investments in HR and people development. While the research does not explain why this gap exists, it appears that CXOs simply struggle to get their teams to develop actionable solutions to these issues.
Second, and perhaps more importantly, CXOs are not confident in their leadership pipeline. Our Global Human Capital Trends research shows that leadership remains the top talent issue among businesses around the world, with only 14% of companies stating they feel they feel their leadership pipeline is "ready."
Fig 1: Findings from Deloitte Business Confidence Survey
Third, organizations are not adequately investing in the development of leaders. In this study the data from CXOs was striking: only 48% of top executives believe their direct reports have the skills to become part of the C-Suite in their organization, and 50% of the individuals who are CXOs in waiting have "little or no access to leadership training" to help them grow into these positions.
Even worse, only 49% of the the up and coming emerging executives told us that "the organization creates opportunities for me to succeed" and only 49% of CXOs state they are committed to developing leadership skills at all levels of their organization. So one could argue that the problem is executives themselves: they are not asking for or spending time on the development of their own top teams.
We have been studying leadership development practices in companies for almost ten years now, and our 2014 Leadership Development Factbook shows that spending in this area increased 14% last year and large companies spend between $7,400 and $10,600 on top executive development each year. So companies are spending the money and they are making an effort, but unfortunately the solutions are inconsistent and not delivering the impact we need. This research shows, for example, that only 26% of companies even have successors identified for their top positions - so the problem is not only one of development, but more significantly one of "selecting the right candidates."
Selecting the right senior leaders is difficult. Internal experience, motivation, cognitive skills, personality, relationship skills, and entrepreneurial skills all play a role. Too many companies promote people who are "in the pipeline" or "highly successful in their prior role" and then find that it takes several years for these high-potentials to realign themselves as senior leaders. (Our data shows that only 36% of executives even have a successor identified.)
Our High-Impact Leadership development research, based on the study of more than 700 companies over the last five years, shows that successful leaders have skills in four broad areas: people leadership and execution, intellectual capacity and drive, adaptability to different cultures and situations, and ability to influence and align people toward a goal. These are broad skills which must be assessed slowly and once identified, leaders who move into CXO roles need support.
Coaching of these "new executives" is critical. One senior HR executive told me that "the worst thing we do is promote a highly successful VP into a SVP role and then not give him or her the right level of support in their new position, often letting them fail and go to the competition." Executives have to realize that it often takes years for new leaders to become seasoned, high performing executives.
Finally, our research shows that despite the best intentions of Human Resources leaders and Leadership Development teams, without direct senior executive involvement, leadership development programs fall flat. Companies that have leaders who are directly engaged in selecting leaders, teaching, and coaching their team are more than three times more likely to have robust leadership pipelines and highly engaged leaders.
Fig 2: Financial Impact of Strong Leadership
The bottom line: executive confidence is directly related to confidence in leadership, which in turn is related to executive focus on leadership development. When we asked investors to tell us how they value companies, they gave companies with "strong leadership teams" a 35% premium in valuation.
Time and again stories show that companies that look at leadership as part of their competitive advantage build capability that drives innovation, performance, and engagement at the same time they're shipping new products and capturing market share.
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<span class='date ' tip=''><i class='icon-time'></i> Dec 05, 2015 01:08am</span>
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HR
already is grappling with the challenges of out of date, incomplete or
potentially inaccurate about corporate employees. Analytics teams are
addressing issues of data cleansing and the creation of data dictionaries to
solve the linguistic and data model incompatibilities across the organization.
(Note the great variation in what constitutes an "employee," or how "attrition"
is defined across a company).
However,
in the current flood of attention paid to analytics in human capital
management, we as practitioners need to keep one more point in mind: thatbusiness-relevant (not just HR relevant) analytics will stem from
the combination of HR data with production and financial data. This creates an
immediate challenge for the HR professional.
The challenge for HR
becomes to better understand the intersections between the
workforce in total, and the mission and vision of the organization — current
and future. Furthermore,
HR will need a firm grasp of the comparative costs of workers of all types: not
only competitive salary data and benefits;, employer costs of labor; and
workforce overhead, for example, but
also the
costs related to an increasingly contingent workforce.
The
analytics required will need to assist the HR team in the hiring and
development of a disparate, global workforce such that the team has the data
necessary to deploy just-in-time talent where and when it is required.
New data types abound within HR: video and telephone-derived
candidate interviews and the job applications themselves are just one example. Capturing
text communication between recruiters and candidates or employees and customers
is another. We can anticipate that these and other data types will proliferate
across the other areas of the business as well. This leads to the bigger
challenge of synthesizing, extracting meaning, and storing unstructured data;
data gathered from all parts of the organization. How will HRIT and IT
professionals derive standard data models from these more recent types of data?
How will it integrate with the structured data in the employee profile and
system of record today?
The focus on business-relevance leads to cross-disciplinary
analysis; the added requirement for managing new data types is an added challenge
for both HR and HRIT. Begin building your analytical skill sets now! And
download Karen O’Leonard’s High-Impact Talent
Analytics: Building a World-Class HR Measurement and Analytics Function for
more details!
This
publication contains general information only and Deloitte is not, by means of
this publication, rendering accounting, business, financial, investment, legal,
tax, or other professional advice or services. This publication is not a
substitute for such professional advice or services, nor should it be used as a
basis for any decision or action that may affect your business. Before making
any decision or taking any action that may affect your business, you should
consult a qualified professional advisor.
Deloitte
shall not be responsible for any loss sustained by any person who relies on
this publication.
As used
in this document, "Deloitte" means Deloitte Consulting LLP, a
subsidiary of Deloitte LLP. Please see www.deloitte.com/us/about for a detailed
description of the legal structure of Deloitte LLP and its subsidiaries.
Certain services may not be available to attest clients under the rules and
regulations of public accounting.
Copyright
© 2014 Deloitte Development LLC. All rights reserved.
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<span class='date ' tip=''><i class='icon-time'></i> Dec 05, 2015 01:07am</span>
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Workday Rising, the annual Workday conference for its
customers and prospects was held in early November in San Francisco. Attendees
heard from Workday executives on upcoming products, from current customers on
their deployments and ensuing outcomes, and from vendors and systems
integrators on the fit of their solutions with their Workday customers’
technology and implementation requirements. In addition were the well-received
customer collaboration meet-ups, which were customer-driven discussions about
relevant topics of customer common interest. With close to 5000 in total
attendance, this year’s conference is the largest Workday Rising to date.
Workday now reports close to 700
customers on its human capital management platform, 100 of which also use the
financial management platform. The spring 2014 announced recruiting product has
twelve companies live in production on it. All customers are on an identical
version of the product, with their own configurations running on top of it. New
releases are bi-annually, with, the company announced, updates that used to
take 24 hours now taking as few as six.
Key areas of the presentations at
the conference included the ever-of-interest analytics, the new user experience,
and technology updates on applications and the platform in general.
Analytics:
"Analytics
is the new frontier ," according to Aneel Bhusri and Dave Duffield, co-founders
and, respectively, the CEO and Chairman of Workday. Analytics played center stage in their joint keynote, as the two leaders of the company kicked off Workday Rising with a
discussion of current and future product features from the company. They see
three progressive phases in analytics of increasing sophistication and benefit
to end users: the first, more common
today, is data that describes the organization as it stands; the second is
predictive: a theme common to many
software providers in the HR community today; and the third, demonstrated in
this keynote, adds the ability to recommend actions based on those
predictions. Simply put, Aneel stated
that the versions of analytics support moved from "that happened," to "what could happen," and finally to answer the question "what should you do about it?"
Workday Insight Applications, the
new suite of applications, uses advanced
data science and machine learning algorithms to enable both financial and
workforce-related decision-making. Each Workday Insight Application will
address a specific business scenario by providing insights, surfacing
predictions, and recommending actions that a decision-maker can take, all of
which can be accomplished on mobile devices. To accomplish this, Workday also introduced
SYMAN, an intelligent information engine that weaves a predictive engine, a
recommendation engine, matching algorithms, and search relevancy throughout the
Workday foundation of HR, talent, and financials.It creates industry trees, which are
taxonomies organizing hundreds of job positions and job categories for more
than 20 industries representative of Workday’s customer base. Here mapping of like titles and positions are
classified and normalized into common definitions.As
adaptive technology, the solution "learns" over time, in theory, making it more
reliable in its predictions and recommendations.
With
its unique perspective among standalone HR and talent providers with support
for a complete financial suite, Workday also provides analytics on financials.
Predictive
analytics — almost a buzzword in today’s software vernacular — was demonstrated
at Workday Rising with this example: ascertaining the fit and likelihood of
success for an existing employee in various "next jobs." In this example, an employee has a very high
risk of leaving the firm (95%) and is a fairly high performer. The system evaluates the likelihood of Jack’s
success in three different moves that his manager could suggest as a career
advancement. The employee retention model in general contains a total of 62
factors, including evaluation of such areas as the market demand for skills,
the employee’s tenure in the organization, and the length of time between
promotions.
To
this end, Workday had acquired Identified in February 2014, using both its data
scientists and technology for improved sourcing technologies, predictive
analytics, and machine learning.[1]
The new product sets will be available to Workday customers in 2015.
User
Experience
Like
all providers of software solutions for HCM today, Workday is focused on
improving the experience that end users - employees in addition to HR
staff—have with their applications. The new interfaces were designed to make
the experience of technology at work mimic the ease of the consumer
experience. This is the second "new
look" that Workday has created over this year; this incorporates the flat
design as seen in Apple’s iOS 8. With a
"develop for mobile first" philosophy, Workday is close to completing a
migration from Flash to HTML5 support throughout the product. Users
can elect to access the new interface now if they are users of iPhone or iPads;
Android users will see these in March with the release of Workday 24.
Application
Updates
Higher
education, often an ill-served industry, is the target of Workday’s student
applications, developed for mobile devices. Higher ed is a key vertical for
Workday; the ensuring product set was designed with input from institutions
including University of Texas
at Austin, Yale University, Stevens Institute of Technology,Broward College ,and Tallahassee Community
College, among others.
The
first offering in the higher education suite is student recruiting which uses analytics to match prospective students to profiles
of historically successful predecessors who actually complete their degree. Recruiter
management, campaign and event management, success tracking, and the use of
smartphones to keep track of likely applicants is part of the current release,
with more features beyond student recruiting scheduled for the future.
Other
additions to applications include those to the recruiting module to support
questionnaires, activity streams, and social job postings. New organization
charting displays are now included in the core HR module. Unlimited custom
dashboards are supported for user who want to design their own - and often many
different dashboards. Enh ancements to mass operations were another area of attention in
current and upcoming releases. First translations of Workday’s mobile apps on mobile
devices are now available, as is embedded video for use in onboarding. Supply and demand analysis for future
workforce planning is also provided.
While
announced earlier this fall, Workday highlighted its new Composite
Reporting functionality at Rising, which enables customers to combine various
data sources such as actuals, budgets, statistics, and headcount into live
multi-dimensional reports that users can format, drill down into, and act on
all within Workday, rather than having to export to tools such as Excel.
Financial Management
Betsy Bland, the VP responsible for financial management products
highlighted a new application that will predict employee expense deviation and
predict areas of overspending - including which workers are most likely to
deviate. Upcoming functionality in Workday Financials will include financial
scorecards and KPIs, as well as additional enhancements to reporting,
dashboards, and analytics, according to Bland. Inventory management is also
forthcoming—this will allow businesses to purchase materials, and track and
manage their storage and use. For global
customers, the future will include more prepackaged localizations of taxation
and the like.
Technical Updates
Workday’s
700 customers are currently generating one billion transactions per month on
the platform (which, by the way, is 45 million as an average each working day.)
While they can never touch the code for the product, they can - and do -
configure many processes and reports suitable to their specific
organization. According to Stan Swete,
Workday’s Chief Technology Officer, customers have created 448,000 custom
reports, and 137,000 custom business process definition in the system.
Integration
is always a critical issue for customers, as companies typically have many
disparate solutions across their enterprises, especially if they are large or
global[2]
Workday’s early acquisition of the Irish company Cape
Clear resulted in the Workday Integration Cloud, comprised of an integration
Platform-as-a-Service (iPaaS) that allows all application integrations to run
in the Workday Cloud without a customer having to use on-premise middleware.
Mr.
Swete states that "Workday is committed to raising the bar on integration."
Here we review what the company provides today. One option is documented APIs
with which customers can create their own integrations, another is tools such
as the Enterprise Integration Builder and Workday Studio, and packaged
integrations.
Customers
can define and create their own custom APIs through Reporting Services,
referred to as "Reports-as-a- Service"
to extract data out of Workday. They can also create integrations against the
Workday API using other own middleware technologies, such as Microsoft.NET,
TIBCO, or Oracle Fusion Middleware.
The
Workday Enterprise Interface Builder (EIB) tool is a simple graphical and
guided interface to define inbound and outbound integrations without requiring
any programming. At a more complex
level, Workday Studio is another development tool enabling customers and
partners to build sophisticated integrations to and from Workday that are
deployed and run on integration servers in Workday’s data center.
Workday also provides
"packaged" connectors that are tested, certified, and supported by Workday
itself. These include connectors to, solely as examples, Cornerstone
OnDemand for learning, HireRight for background checking, and in this
release, large
legacy payroll vendor integrations, such as to the SAP payroll,
whether provided by ADP, NGA, or SAP itself.
Workday supports an in-memory architecture, which means its
data is main memory resident rather than stores on disks, which allows faster
retrieval of data. It uses a database named Riak, an open source solution from
Basho Technologies, the creator and developer of Riak, an open source distributed database (sometimes categorized as a NOSQL database) and Riak CS, a cloud-based object
storage system that sits on top of Riak. Riak is architected for low-latency, availability,
fault-tolerance, operational simplicity, and scalability.
Conclusion
Today, as a nine-year-old company, Workday
provides enterprise cloud applications for human capital management, payroll,
financial management and analytics. It has grown rapidly to the 700 customers
using its software suites today. Workday Rising is the major event for those customers,
who gather to hear about new products, the future roadmap, and as importantly,
to talk to other customers like themselves. The growing number of technology
and implementation partners is demonstrated by the increased presence of
software provider and systems integrators in the exhibit halls.
This publication contains
general information only and Deloitte is not, by means of this publication,
rendering accounting, business, financial, investment, legal, tax, or other
professional advice or services. This publication is not a substitute for such
professional advice or services, nor should it be used as a basis for any
decision or action that may affect your business. Before making any decision or
taking any action that may affect your business, you should consult a qualified
professional advisor.
Deloitte shall not be
responsible for any loss sustained by any person who relies on this
publication.
As used in this document,
"Deloitte" means Deloitte Consulting LLP, a subsidiary of Deloitte
LLP. Please see www.deloitte.com/us/about for a detailed description of the
legal structure of Deloitte LLP and its subsidiaries. Certain services may not
be available to attest clients under the rules and regulations of public
accounting.
Copyright © 2014 Deloitte
Development LLC. All rights reserved.
[1]
http://www.forbes.com/sites/joshbersin/2014/02/27/workday-acquires-identified-a-potential-disruptive-move-in-recruiting/
[2] See Deploying
HCM Technologies: Making Change Work.
Katherine Jones, Ph.D., Bersin by Deloitte. June 2014.
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<span class='date ' tip=''><i class='icon-time'></i> Dec 05, 2015 01:06am</span>
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UCLA’s annual HR Roundtable Retreat featured an interesting discussion of future workforce trends. Led by Marina Gorbis of the Institute of the Future, part of the discussion focused on the growth of "microworkers," individuals who freelance a variety of projects or jobs for different employers. Although freelancers are nothing new to the workplace, numerous online platforms such as oDesk, Elance, and Freelancer.com are making it easier for these individuals to find work, so that the freelance movement appears to be growing. According to Forbes, an estimated one in three Americans (roughly 42 million workers) are freelancers. That number is expected to grow to 50 percent of the workforce by 2020.
Many individuals turn to freelancing due to challenges in finding full-time employment in a tough job market. But for a growing number of workers, freelancing is a lifestyle choice. These individuals prefer the benefits of freelancing - being their own boss, flexible work schedules, and the comfort of working from home - over the structure of a full-time office job.
From the organization’s perspective, freelancers provide a ready source of talent to supplement the existing workforce. Go to any of the popular freelancing sites and you can find a great many individuals with wide-ranging skills. Some of the top freelancing roles include:
Writing
Editing
PowerPoint creation
Graphics
Data analysis
The last item on this list, data analysis or analytics, is a prime area for freelancers. The lack of analytical skills is one of the key challenges in HR organizations today, yet most of these organizations have yet to create a clear roadmap for developing these capabilities. These organizations can turn to freelancers, who have the skills to help organizations analyze, interpret, and visualize their data.
Kaggle, for example, provides a competition platform for top analytics talent. Organizations post their data, and statisticians and data scientists from all over the world compete to create the best solutions. If you are nervous about turning over your organization’s sensitive data, you can require individuals to sign confidentiality agreements through a Masters Competition. Many organizations have used Kaggle to find the expertise they need, including my own organization, Deloitte.
HR leaders need to help their organizations understand how to best incorporate this talent into their workforces. If your organization has yet to utilize freelancers on a wide scale, this may initially require a bit of legwork. You may need to involve your procurement department to specify how to hire freelancers. You will likely also need to involve your compliance and legal groups to make sure you don’t run afoul of employment laws such as the Fair Labor Standards Act. You may need to modify your contracts, confidentiality and intellectual property agreements, insurance requirements, work schedules (for different time zones), and payment terms to accommodate freelancers. Furthermore, your HR systems and tools may need to be modified to track this new category of workers.
For managers, hiring freelancers will require a shift in how to onboard and incorporate this new talent into work streams. The organizational culture will need to build an acceptance of freelancers as part of the workplace ecosystem. These are areas where HR can help.
Many organizations are already leveraging the talents of the freelance community. According to Gorbis, one of her large tech clients staffs many of its projects with a ratio of 10 freelancers or microworkers for every one employee. Even on a less grand scale, freelancing promises to change the dynamics of the workplace. HR leaders should look at how they can help to build this larger talent ecosystem.
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<span class='date ' tip=''><i class='icon-time'></i> Dec 05, 2015 01:05am</span>
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We are a research organization, and one of the most important thing we do is share information, data, and perspectives. Over the coming weeks there will be a lot of new insights coming, and I want to highlight some important things you can do to help.
First, we are in the final stages of producing the Bersin Talent, HR and Learning Predictions for 2015, which will be out soon. I have personally spent countless hours on this research, and it brings together our combined perspectives on the ten biggest imperatives we believe HR and talent professionals should consider in the coming year. I won't give away any secrets, but stay tuned it's coming soon.
The second big project I want to highlight is one you can participate in right now: Deloitte's Third Annual Global Human Capital Trends study.
This is a massive global project I lead with two other partners, and it represents one of the biggest (if not the biggest) global studies of talent and HR issues around the world.
Like last year, we expect to have data from more than 90 different countries and we have already found some dramatic shifts in the issues and capability gaps in HR around the world.
Right now we are in the final stages of closing the survey, and we would like your help.
Please take the survey here - it will help give you (and your peers) great insights into the global issues we face in 2015, and I greatly look forward to sharing results with you.
I am excited to start sharing our perspectives for 2015 in the coming weeks!
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<span class='date ' tip=''><i class='icon-time'></i> Dec 05, 2015 01:05am</span>
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Most HR organizations have been slow to adopt analytics - too slow, in fact, in the minds of many impatient business leaders. Our research conducted last year showed that just 14% of HR organizations in the U.S are using advanced or predictive analytics to make talent decisions. These companies have created strong analytics teams with a diversity of skill sets and have established data governance processes for data quality and integration.
Despite the prognostications that 2014 would be "the year of predictive talent analytics," things haven’t changed all that much. I keep hearing the same questions from HR leaders over and over again: "How do I get started with analytics?" "How do we clean and integrate our data?" "How do we upskill our staff to be more data savvy?"
If HR continues to drag its feet, it risks losing control over its data, and its chance to gain some real power within the organization.
Witness the articles in support of CFOs owning analytics within corporate America. CFOs understand the value of data and are already using analytics to help them understand and predict margins, pricing models, and potential new revenue streams. For decades Finance has been using analytics to better understand where the business is strong and where it needs improvement.
CFOs could be a natural fit to lead analytics across the organization - taking over responsibility for HR analytics, marketing analytics, and operational analytics. Most CFOs are in a position of power within their organizations. They already control much of that data on company financials and operations. They have credibility and are seen (in many companies) as the source of truth. They understand data and know how to use it.
In many organizations, HR falls short on all of the above. Which is why HR risks losing control of its talent data to CFOs, who may be looking to further expand their leadership roles and spheres of influence throughout the company - and who are tired of waiting for HR leaders to "get it" when it comes to analytics.
I’ve already talked with several companies over the past two months that have centralized their analytics across functions. In a some cases, the CFO is running the analytics organization. In others, it falls under the COO or CIO. This should be a wake-up call for HR leaders. The battleground over corporate data is threatening to heat up, and HR can’t throw up the white flag and lose its stake in the one area that promises to bring it credibility with executives and power over talent and business decisions.
If your HR organization is still new to analytics, here is one thing you can do: Find a business leader who is willing to partner on an analytics project to solve a problem (e.g. reducing turnover, improving engagement, reducing accidents/theft/leakage, etc.) Put together a skunks works team, borrowing talent from another department if necessary or partnering with a university or external supplier, and look to get a small ‘win.’ After that, evangelize the results and find another internal stakeholder or two to partner with on another, slightly larger, project.
After you have a few small wins and have built some credibility with business leaders, you can ask for some additional resources and start building an analytics team. Many HR people say, "I can’t get the funding for analytics," and it's no wonder...since they haven’t proven the value and their credibility yet.
So start small - look for a supportive business leader with a pain point - and grow from there. Any don’t wait too long, or before you know it, your CFO may be managing your talent data.
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<span class='date ' tip=''><i class='icon-time'></i> Dec 05, 2015 01:04am</span>
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Competencies are the language of talent management. They provide guidance to managers and direct reports alike on the behaviors that are expected. They also are a way to assess those behaviors, whether for the purpose of hiring, development, or performance appraisal.
Yet, for all that can potentially be right about competencies, so much can also potentially be wrong. In many organizations we talk to, competencies are too numerous, ill-defined, or too complex. The result is the competencies are infrequently used and ultimately cast aside.
Therefore, we have to ask ourselves, "Are competencies dead?"
We are currently in the midst of a new research initiative on this question (and we’d like your help on it - see details below). Our initial research reveals, no, competencies are not dead - in many organizations they are alive and well, working as intended. In the organizations that are not using them effectively, though, the competencies seem to be collapsing under their own weight, dying a very slow death. These organizations have "zombie competencies" - or "zompetencies," if you like.
So, how do leaders keep their organizations from creating zompetencies? Here are a few suggestions:
Design for criticality: Focus on what is essential to success - not every competency necessary for doing a job.
Design for impact: Focus on competencies that align to the organization’s business strategy and greatest areas of need. If your organization is making a major transformation from one focused on execution to one focused on innovation, competencies should be a part of the bedrock of the change effort.
Design for simplicity: Constantly ask yourself if the competencies are necessary or can be expressed more simply. Further, in an effort to reduce competencies, do not combine two competencies into one. "Visionary leadership and tactical execution" is not one competency.
Design for acceptance: Avoid the trap of developing competencies in a vacuum. Competencies need to be broadly socialized and amended as they are developed, to ensure both broad understanding and agreement on their content.
Ultimately, managers and direct reports need to understand the competencies, what they mean, and how to use them - and integrate them into how they talk about talent on a regular basis.
How does your organization keep competencies alive and well? Or how has it gotten rid of zompetencies in the past? We are currently looking for examples of effective approaches to competency models and how they support talent management. Please email me at sgarr@deloitte.com if you have any examples from your or other organizations you can share.
Special thanks to Joe Folkman and Candace Atamanik for their contribution to some of the concepts in this blog.
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<span class='date ' tip=''><i class='icon-time'></i> Dec 05, 2015 01:04am</span>
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Impressive this year is the software creator’s mantra
"develop for mobile first." Our survey of providers indicated that solutions
are created and in the market for every area of talent: learning, rewards, performance management and
appraisal approval, succession and hiring management and many more. Even core HR. Even content authoring tools.
There is employee self-service and managerial self-service, and for hourly
workers, the ability to clock in and clock out—all on their mobile phones.
And the applications available for mobile use in HR vary in
both number and sophistication. Oracle offers a company directory, Organization
Navigator, predictive analytics, goal management, talent profile, and a personalizable
dashboard on mobile devices. SumTotal offers a Smartphone app for every one of
the 18 content areas we surveyed. Close
to 70 percent of the providers surveyed have mobile learning management
capabilities today. Nine of 48 support the ability to supervise people and take
notes on the experience for sharing later.
Mobile apps are pretty much everywhere. But are companies
actually using them for human capital management? We decided that would be an interesting
question to pursue!
What is your company’s stance on HCM apps on
Smartphones? Do you use them today? Will
you add mobile apps in the year ahead? Or
do you have no need nor plans to deploy mobile HR apps in the future? Whatever
your stance, please let us hear from you!
Take this short
survey (just a few minutes, promise!) on use and intended use of human
capital related apps on Smartphones by clicking on the link below.
This publication contains
general information only and Deloitte is not, by means of this publication,
rendering accounting, business, financial, investment, legal, tax, or other
professional advice or services. This publication is not a substitute for such
professional advice or services, nor should it be used as a basis for any
decision or action that may affect your business. Before making any decision or
taking any action that may affect your business, you should consult a qualified
professional advisor.
Deloitte shall not be
responsible for any loss sustained by any person who relies on this
publication.
As used in this document,
"Deloitte" means Deloitte Consulting LLP, a subsidiary of Deloitte
LLP. Please see www.deloitte.com/us/about for a detailed description of the
legal structure of Deloitte LLP and its subsidiaries. Certain services may not
be available to attest clients under the rules and regulations of public
accounting.
Copyright © 2014 Deloitte
Development LLC. All rights reserved.
Bersin Analyst Blogs
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Blog
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<span class='date ' tip=''><i class='icon-time'></i> Dec 05, 2015 01:04am</span>
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How is your week going? If you are anything like many of the people I have spoken with this week, you are having one of the most productive weeks of the year. Your focus is like a laser, your to-do list is pared back, and your eyes are on the prize: to finish up the most critical items before the end of the year. So, I have to ask you: why is every week not more like this one?
The likely answer is that in other weeks you lack the goal clarity that is helping you focus now. Our new research, High-Impact Performance Management: Using Goals to Focus the 21st-Century (Not a Bersin member? Click here for the summary), which we launched yesterday, supports this hypothesis: that many employees lack the clarity they need. Here are a few findings from the study:
Though 76 percent of organizations cascade goals, only 36 percent of organizations have a standard, enterprise-wide approach, which often results in inconsistencies in approach and, potentially, the goals themselves.
While more than half (51 percent) of senior leaders convene a series of meetings throughout the year to discuss goals with business leaders, only six percent of team managers / middle managers receive their goals in the same way, which can result in inconsistent goal messaging.
Though nearly 60 percent of organizations said senior leaders revise their goals during the course of the year, only 36 percent of respondents indicated middle managers make similar revisions to align to new directions being defined by their supervisors. This can result in the organization’s leaders thinking the company is headed in one direction, but the day-to-day actions of employees taking it in an entirely different one.
Our research finds that having that goal clarity - both at the start of the year and on a continuous basis - is a critical factor in predicting business performance. Specifically, we found that employees with a high level of goal clarity were four times more likely to score in the top quartile of business performance. Further, organizations that have employees revise or review their goals quarterly or more frequently were three-and-a-half times more likely to score in the top quartile of business performance.
This new research summarizes the current state of goal-setting and management, including an overview of common goal-setting practices; a review of the academic debate around goals; our analysis of the challenges of modern goal-setting and management; current trends in goal-setting and revising; and the three key principles and seven related practices that our data indicate are critical to effective goal management (see Figure 1).
Figure 1: Three Principles and Seven Practices for Effective Goal Management
Source: "High-Impact Performance Management: Using Goals to Focus the 21st-Century," Stacia Sherman Garr / Bersin by Deloitte, December 2014.
I hope that if you are taking some time off in the coming weeks, that you have an opportunity to unplug and reflect. When you come back to set your goals - and help your organization set its goals - for 2015, I suggest analyzing your organization’s current goal setting approach and asking yourself:
To what extent does your organization’s goal setting process enable you and your employees to have that "end-of-year" clarity on your goals and objectives?
To what extent do your organization’s systems, processes, and culture support continued clarity?
What can you and your organization do differently to enable greater goal clarity, both in January and throughout the year?
If you are able to move the dial on any of these elements, you truly will have given yourself and your employees a gift - the gift of clarity.
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<span class='date ' tip=''><i class='icon-time'></i> Dec 05, 2015 01:03am</span>
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My colleague Robin Erickson, Ph.D. and I just completed a webinar
called "Get Ready for 2015: Ten Top Actionable Talent Acquisition Trends." In
the question and answer period at the end, one of the almost 1,000 registrants
asked about the ability to actually apply for a job via a smartphone: Will it make the recruiter’s job harder or
easier?
It’s a good question, isn’t it? Is ease in applying for a job a goal? If it is really easy, will recruiters just be
flooded with junk applications? Or
should the act of applying be laborious enough that only the truly committed
apply? Is it different by industry? By age
group?
A poll during the webinar showed that over a quarter of participants
used mobile in the recruiting process—but we really don’t know how many
supported the ability to apply with a mobile phone. And this moves us to the broader
consideration—how do we in human capital management (HCM) plan to use
smartphones with not only applicants but also with our existing employees?
What is your company’s stance on HCM apps on smartphones? Do you use them today? Will you add mobile aps
in the year ahead? Please let us hear
from you! Take this short survey (just a
few minutes, promise!) on use and intended use of human capital related apps on
Smartphones by clicking on the link below.
https://bersin.qualtrics.com/SE/?SID=SV_4Oe9ZKgWotNWEVT&Source=BLG
This publication contains
general information only and Deloitte is not, by means of this publication,
rendering accounting, business, financial, investment, legal, tax, or other
professional advice or services. This publication is not a substitute for such
professional advice or services, nor should it be used as a basis for any
decision or action that may affect your business. Before making any decision or
taking any action that may affect your business, you should consult a qualified
professional advisor.
Deloitte shall not be
responsible for any loss sustained by any person who relies on this
publication.
As used in this document,
"Deloitte" means Deloitte Consulting LLP, a subsidiary of Deloitte
LLP. Please see www.deloitte.com/us/about for a detailed description of the
legal structure of Deloitte LLP and its subsidiaries. Certain services may not
be available to attest clients under the rules and regulations of public
accounting.
Copyright © 2014 Deloitte
Development LLC. All rights reserved.
Bersin Analyst Blogs
.
Blog
.
<span class='date ' tip=''><i class='icon-time'></i> Dec 05, 2015 01:02am</span>
|
You
know you will need to hire new employees in the new year—but are you ready?
Will your competition out-engage you in your marketplace? And what will you do
if you cannot find the talent you need when you need it?
This
afternoon, my colleague Katherine Jones, Ph.D. and I presented a webinar that
outlined ten actionable trends that we think will make a difference in talent
acquisition (TA) in 2015. If you missed it, you can check out the live tweets
at #PFLiveChat and here is a brief recap:
Manage Your Employment Brand: Your employment brand reflects
your organization and is your strongest asset for attracting new employees and continuously attracting/retaining
the high-performers you don’t want to leave. Is your employment brand simply
irresistible? And are your employees brand ambassadors for your organization?
Craft a Strategic Social Media
Campaign: Recruiters
need to "go where the puck will be" and understand where candidates are spending
their time (pssst: they’re not just on social networks and job boards!). Our recently
published High-Impact
Talent Acquisition (HITA) industry study found that mature TA functions are
five times more likely to have an effective social media campaign.[1]
And leading-edge companies have dedicated social media strategists to curate
content.
Develop a Candidate Experience
Strategy: Just like
in dating, recruiters should create a good first impression with candidates. Check
out my September 28th blog, It’s
All About the Candidate Experience, for some suggestions on how to
differentiate your organization’s candidate experience.
Reimagine the On-Line Application: Unfortunately technology hasn’t kept up as job
seekers today are faced with first-generation hiring management systems. Face
it: many applicants are searching for jobs on their mobile devices and they’re
not going to fill out a 25-page application on their phone. Want to know what’s
happening with mobile? Take a short
survey and check back in a couple of months for the results.
Reinvent Candidate Communications: Ever applied for a job and
wondered if your resume went into a black hole? Or worse, applied for a job and
received an auto-reject notification within minutes? In a world where we can
personalize our M&M’s (yes, I did it for Christmas!) and even our phones
know our names, recruiters should be sending personalized content to
candidates. Make sure the messages are authentic and representative of your
employment brand.
Engage Hiring Managers: According to our HITA research,
recruiters developing effective relationships with hiring managers is the most
influential drive of TA performance outcomes—and a staggering 97% of mature TA
functions report that they have strong relationships with hiring managers.[2]
And guess what? Developing relationships doesn’t cost your organization much
money—just time and mindfulness!
Develop Talent Pipelines: Not to be overlooked,
developing candidate pools is the second most influential driver of TA
performance outcomes.[3]
The task of recruiting has moved from the reactive filling of requisitions to
proactively courting high-quality talent. Ultimately, with talent pools done
well, recruiters can deliver talent on demand.
Up the Ante on Onboarding: Did you know that 22% of staff
turnover occur in the first 45 days of employment and that 4% of new employees
leave after a disastrous first day?[4]
Organizations should customize their onboarding programs for various job roles
and generational groups, but should include a consistent experience and
messaging. In addition, automation is critical to both efficiency and
consistency, and some onboarding can be done online before the first day (aka
"preboarding).
Make Your Metrics Matter: Understanding the importance of
metrics and analytics is a significant challenge for the talent acquisition
function. With an array of metrics available, organizations should first decide
what they want to measure, then determine if they have the technology in place
to support the need. The next big thing? Going beyond historical reporting to
predictive analytics.
Plan for Global TA: Regardless of organizational maturity
level, our research found that 68 percent of TA functions were not globally
prepared.[5]
TA leaders should consider their unique talent landscape—which includes
candidate availability and engagement, as well as technology solution and
services providers—as they look to take their functions to a global level.
So what else
do you think will be important for Talent Acquisition in 2015? Feel free to add
a comment below, connect with me on Twitter @RAEricksonPhD, or by email at rerickson@deloitte.com
[1] High-Impact
Talent Acquisition, Key Findings and Maturity Model, Robin
Erickson, Ph.D., Kim Lamoureux, Denise Moulton / Bersin by Deloitte, September 2014.
[2] Ibid.
[3] Ibid.
[4] Help
New Hires Succeed: Beat the Statistics, SHRM Presentation by The Wynhurst
Group, April 2007, www.masteryworks.com.;
Egon Zehnder International, 2007, as quoted in http://selectmetrix.com/
blogs/category/onramping/.
[5] High-Impact
Talent Acquisition, Key Findings and Maturity Model, Robin
Erickson, Ph.D., Kim Lamoureux, Denise Moulton / Bersin by Deloitte, September 2014.
This publication contains general information only and Deloitte is not, by means of this publication, rendering accounting, business, financial, investment, legal, tax, or other professional advice or services. This publication is not a substitute for such professional advice or services, nor should it be used as a basis for any decision or action that may affect your business. Before making any decision or taking any action that may affect your business, you should consult a qualified professional advisor.
Deloitte shall not be responsible for any loss sustained by any person who relies on this publication.
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<span class='date ' tip=''><i class='icon-time'></i> Dec 05, 2015 12:59am</span>
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This year our Predictions for 2015 has some hard-hitting new ideas to consider - in this article I will give you some highlights, and you can download the report here.
Top Line: Enormous Changes are Ahead
2015 is going to be a big year in the world of corporate talent. The economy has improved (near full employment in the US), the job market for technical and professional skills is hot, and technology is radically changing the whole nature of work.
Thinking back over my 35 years as a working professional, I barely recognize what work is like today. I was joking with my children about how I used to go to work with a briefcase filled with papers, there were no computers, no voicemail, and only an office of people and a telephone to work with. We had a steno pool (people who typed letters for us), and I had an old-fashioned boss who sat in the corner office with his tie on and his jacket buttoned. He was really a wonderful manager, but it was all about "doing your job" and getting a good performance appraisal.
Today we work at home, in coffee shops, on airplanes, and often late at night. We interact with people all over the world easily, and we have tools and technologies at our fingertips to find information, write, communicate, and analyze data like never before. And thanks to the growth of cognitive computing technologies, we will all soon have thinking machines in our phones, machines that monitor where we are, what work to do, what customer problems to solve, and even what HR problems to address.
Much of this transition has been positive, but much has also been difficult. Many of us are "overwhelmed employees" and our research shows that employee engagement and retention is at an all time low. While many people are still looking for work, more and more people are getting fed up with the 24/7 work environment around us, so they go to social websites like LinkedIn or Glassdoor and jobs are offered to them.
The concepts of "integrated talent management" are rapidly changing, with most HR practices being reinvented. In fact I'd say that talent management as we've known it over the last ten years is about to go away and be reinvented, with a focus on what I call Engagement, Experience, and Environment. (Read my latest article "Is Corporate Talent Management Dead?" if you want more on that topic in particular.)
The ten predictions we write about for 2015 cover topics from employee engagement to new technologies for HR, a whole new focus on culture, renewed strategies to develop leadership, and the need to revitalize HR and invest much more heavily in analytics. But overall the big trend is this: almost everything we've done traditionally in HR has to be adjusted (or re-engineered). The younger, more mobile, more agile workforce and workplace we now live in demands new approaches: flexible work policies, more focus on empowerment and skills development, a more humane work environment, and both financial and workplace benefits which are locally relevant.
As we look at 2015, we see five fundamental shifts which dramatically impact corporate talent, leadership, and HR strategies.
1. Technology has removed the barrier between work and life.
Companies have to focus on culture, environment and simplification.
We are working all the time, emails and messages are streaming in 24/7, and information, conversations, and content is literally streaming at us wherever we go. The work "environment" we live in today is radically different: people work wherever they want, leading to a huge wave of open offices; over-work is a tremendous challenge, and people are not sure how to deal with the overwhelming amount of information they receive each day. Design thinking, simplification, and ease of use are the new mantras for corporate talent programs.
2. Employee engagement, culture, and leadership are lifeline issues.
Glassdoor data shows a split in companies. There are huge segment of companies who are "highly engaged" and a similarly large number of companies whos employees are "actively disengaged." The highly engaged companies are attracting the best people, delivering greater customer service, and innovating better. These companies are focused on mission, culture, and leadership - and they understand that people are not "talent," they are people - with their own personal needs and aspirations.
This focus on engagement has impacted everything we do, because ultimately employee engagement is all a business has. Companies have to rethink their coaching and development strategies, their career mobility strategies, and how they develop and select leaders. Today's leader focuses on "building a highly engaged team" not just "delivering on business results."
Unfortunately our research shows that the gaps in corporate leadership are wider than ever. Research by Deloitte and others (highlighted in the report) will show you how leadership development, assessment, and coaching has to be a top focus for 2015.
3. Learning, capabilities, and skills are the currency of success.
From both an individual and organizational standpoint, technical and professional capabilities are now the currency of success. If you can attract or develop better scientists, engineers, sales people, or functional experts you will beat your competition. And once you attract these people you must give them a compelling learning environment to stay current, as technology advances at an accelerating rate. L&D organizations and strategies have not kept up, and we are in an era where corporate learning is going through as much change is we witnessed in the early 2000s when e-learning hit the scene.
4. HR as a function is at a crossroads and must reinvent itself.
Underlying most of these issues is the need to reskill and re-energize HR. It's interesting that the US organizations SHRM and HCI are now competing to sell HR certifications. The problem is not one of certification, it's one of redefining what HR professionals do. Company after company I talk with is going through a restructure of their HR team, moving HR closer to the business, and reskilling generalists into finely tuned business consultants. I believe this is a decade-long transition taking place within the HR function.
5. Data is now integral to all decisions HR must make.
Finally, we are entering a talent world where people data is now central to every decision we make. Organizations that are investing in analytics teams, analytics tools, and analytics expertise are going to far outperform their peers. Who to hire, who to promote, how much to pay, how to develop, what next job to take - all these decisions are now "data enabled" and we expect HR technology, which is becoming more integrated every day, to become more and more like "instrumentation of your organization"- giving you data to improve organizational performance every day.
Read our predictions and join me on our webinar on Friday, January 23, 2015, at 2PM EST. (Register Here.)
This is my eleventh year writing the Bersin Predictions for the coming year, and I think the changes ahead are more transformational than ever before. I hope you find the report educational, inspiring, and helpful as you plan your year. I am thankful to the world community of talent and HR leaders I get to work with every day.
And as always I look forward to your comments and feedback. (Click here to download report.)
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<span class='date ' tip=''><i class='icon-time'></i> Dec 05, 2015 12:58am</span>
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Does your
organization have the technology it needs to meet your performance management
goals? Many do not. Companies we
surveyed are looking closely at both how they manage and measure their employees’
performance -- and at the technologies they have in use today.
In our
recent Bersin by Deloitte study of buyers, we learned that of companies purchasing
new talent management software this year, 67 percent were planning to purchase
performance management software, either for the first time or as a replacement
for existing solutions.[1]
[2]
Why? There
are several factors:
Performance
management is increasingly deemed critical in today’s organizations and the
historical systems are not perceived as adequately supporting next-generation
practices;
The
current installed systems are aging;
Companies
may have multiple different systems and seek to consolidate into one
corporate-wide platform.
Of those
replacing existing software, fully 75 percent sought to replace a standalone
performance management application with an integrated suite solution.
The
majority of organizations we surveyed (74 percent) use one software solution
for their performance management system, but respondents reported that as many
as ten or more systems are used inside their organizations today.
The source
of this software varies: 41 percent of
respondents reported that their performance management solutions are
self-developed; 38 percent are provided by a vendor (often a suite vendor,
although the module may be stand-alone) and 21 percent use modules that are
within their core HR systems.
In 19
percent of organizations, the software in use is aging -- seven or more years
old. This is especially the case with large organizations, where 29 percent of
organizations with more than 25,000 employees have owned their performance management
system for more than seven years.
Reliance on home-grown, self-developed solutions for
performance management may well be part of the reason for the interest in
procuring new applications in the near future; the lack of any technology solution,
as noted by 15 percent of respondents may be another. And twelve percent of the population
we surveyed noted that they did not have a formal performance management
process at all.[3]
If you are one of the many HR
professionals looking at new technology to aid in the management of your
employees’ performance, you may also be seeking criteria to help in the
selection process. Our upcoming report "The Definitive Guide
to Performance Management Software: 2015 --
A Roadmap to Performance Optimization and the Solutions that Support It"
overviews the key features you will want to consider and the vendors that
provide them.
Look for this new report shortly!
This publication
contains general information only and Deloitte is not, by means of this
publication, rendering accounting, business, financial, investment, legal, tax,
or other professional advice or services. This publication is not a substitute
for such professional advice or services, nor should it be used as a basis for
any decision or action that may affect your business. Before making any
decision or taking any action that may affect your business, you should consult
a qualified professional advisor.
Deloitte shall
not be responsible for any loss sustained by any person who relies on this
publication.
As used in this
document, "Deloitte" means Deloitte Consulting LLP, a subsidiary of
Deloitte LLP. Please see www.deloitte.com/us/about for a detailed description
of the legal structure of Deloitte LLP and its subsidiaries. Certain services
may not be available to attest clients under the rules and regulations of
public accounting.
Copyright © 2014
Deloitte Development LLC. All rights reserved.
[1]
Investments in Human Capital Management
Systems 2014: What Technology Users Have and
What They Will Buy in the Year Ahead. Katherine Jones. Bersin by Deloitte.
April 2014.
[2]
The four
application areas most often sought as an integrated via a suite rather than
have as standalone solutions are recruiting, onboarding, learning and
performance management.
[3]
Investments in Human Capital Management
Systems 2014: What Technology Users Have and
What They Will Buy in the Year Ahead. Katherine Jones. Bersin by Deloitte.
April 2014.
Bersin Analyst Blogs
.
Blog
.
<span class='date ' tip=''><i class='icon-time'></i> Dec 05, 2015 12:58am</span>
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Workday Rising, the annual Workday conference for its
customers and prospects was held in early November in San Francisco. Attendees
heard from Workday executives on upcoming products, from current customers on
their deployments and ensuing outcomes, and from vendors and systems
integrators on the fit of their solutions with their Workday customers’
technology and implementation requirements. In addition were the well-received
customer collaboration meet-ups, which were customer-driven discussions about
relevant topics of customer common interest. With close to 5000 in total
attendance, this year’s conference is the largest Workday Rising to date.
Workday now reports close to 700
customers on its human capital management platform, 100 of which also use the
financial management platform. The spring 2014 announced recruiting product has
twelve companies live in production on it. All customers are on an identical
version of the product, with their own configurations running on top of it. New
releases are bi-annually, with, the company announced, updates that used to
take 24 hours now taking as few as six.
Key areas of the presentations at
the conference included the ever-of-interest analytics, the new user experience,
and technology updates on applications and the platform in general.
Analytics:
"Analytics
is the new frontier ," according to Aneel Bhusri and Dave Duffield, co-founders
and, respectively, the CEO and Chairman of Workday. Analytics played center stage in their joint keynote, as the two leaders of the company kicked off Workday Rising with a
discussion of current and future product features from the company. They see
three progressive phases in analytics of increasing sophistication and benefit
to end users: the first, more common
today, is data that describes the organization as it stands; the second is
predictive: a theme common to many
software providers in the HR community today; and the third, demonstrated in
this keynote, adds the ability to recommend actions based on those
predictions. Simply put, Aneel stated
that the versions of analytics support moved from "that happened," to "what could happen," and finally to answer the question "what should you do about it?"
Workday Insight Applications, the
new suite of applications, uses advanced
data science and machine learning algorithms to enable both financial and
workforce-related decision-making. Each Workday Insight Application will
address a specific business scenario by providing insights, surfacing
predictions, and recommending actions that a decision-maker can take, all of
which can be accomplished on mobile devices. To accomplish this, Workday also introduced
SYMAN, an intelligent information engine that weaves a predictive engine, a
recommendation engine, matching algorithms, and search relevancy throughout the
Workday foundation of HR, talent, and financials.It creates industry trees, which are
taxonomies organizing hundreds of job positions and job categories for more
than 20 industries representative of Workday’s customer base. Here mapping of like titles and positions are
classified and normalized into common definitions.As
adaptive technology, the solution "learns" over time, in theory, making it more
reliable in its predictions and recommendations.
With
its unique perspective among standalone HR and talent providers with support
for a complete financial suite, Workday also provides analytics on financials.
Predictive
analytics — almost a buzzword in today’s software vernacular — was demonstrated
at Workday Rising with this example: ascertaining the fit and likelihood of
success for an existing employee in various "next jobs." In this example, an employee has a very high
risk of leaving the firm (95%) and is a fairly high performer. The system evaluates the likelihood of Jack’s
success in three different moves that his manager could suggest as a career
advancement. The employee retention model in general contains a total of 62
factors, including evaluation of such areas as the market demand for skills,
the employee’s tenure in the organization, and the length of time between
promotions.
To
this end, Workday had acquired Identified in February 2014, using both its data
scientists and technology for improved sourcing technologies, predictive
analytics, and machine learning.[1]
The new product sets will be available to Workday customers in 2015.
User
Experience
Like
all providers of software solutions for HCM today, Workday is focused on
improving the experience that end users - employees in addition to HR
staff—have with their applications. The new interfaces were designed to make
the experience of technology at work mimic the ease of the consumer
experience. This is the second "new
look" that Workday has created over this year; this incorporates the flat
design as seen in Apple’s iOS 8. With a
"develop for mobile first" philosophy, Workday is close to completing a
migration from Flash to HTML5 support throughout the product. Users
can elect to access the new interface now if they are users of iPhone or iPads;
Android users will see these in March with the release of Workday 24.
Application
Updates
Higher
education, often an ill-served industry, is the target of Workday’s student
applications, developed for mobile devices. Higher ed is a key vertical for
Workday; the ensuring product set was designed with input from institutions
including University of Texas
at Austin, Yale University, Stevens Institute of Technology,Broward College ,and Tallahassee Community
College, among others.
The
first offering in the higher education suite is student recruiting which uses analytics to match prospective students to profiles
of historically successful predecessors who actually complete their degree. Recruiter
management, campaign and event management, success tracking, and the use of
smartphones to keep track of likely applicants is part of the current release,
with more features beyond student recruiting scheduled for the future.
Other
additions to applications include those to the recruiting module to support
questionnaires, activity streams, and social job postings. New organization
charting displays are now included in the core HR module. Unlimited custom
dashboards are supported for user who want to design their own - and often many
different dashboards. Enh ancements to mass operations were another area of attention in
current and upcoming releases. First translations of Workday’s mobile apps on mobile
devices are now available, as is embedded video for use in onboarding. Supply and demand analysis for future
workforce planning is also provided.
While
announced earlier this fall, Workday highlighted its new Composite
Reporting functionality at Rising, which enables customers to combine various
data sources such as actuals, budgets, statistics, and headcount into live
multi-dimensional reports that users can format, drill down into, and act on
all within Workday, rather than having to export to tools such as Excel.
Financial Management
Betsy Bland, the VP responsible for financial management products
highlighted a new application that will predict employee expense deviation and
predict areas of overspending - including which workers are most likely to
deviate. Upcoming functionality in Workday Financials will include financial
scorecards and KPIs, as well as additional enhancements to reporting,
dashboards, and analytics, according to Bland. Inventory management is also
forthcoming—this will allow businesses to purchase materials, and track and
manage their storage and use. For global
customers, the future will include more prepackaged localizations of taxation
and the like.
Technical Updates
Workday’s
700 customers are currently generating one billion transactions per month on
the platform (which, by the way, is 45 million as an average each working day.)
While they can never touch the code for the product, they can - and do -
configure many processes and reports suitable to their specific
organization. According to Stan Swete,
Workday’s Chief Technology Officer, customers have created 448,000 custom
reports, and 137,000 custom business process definition in the system.
Integration
is always a critical issue for customers, as companies typically have many
disparate solutions across their enterprises, especially if they are large or
global[2]
Workday’s early acquisition of the Irish company Cape
Clear resulted in the Workday Integration Cloud, comprised of an integration
Platform-as-a-Service (iPaaS) that allows all application integrations to run
in the Workday Cloud without a customer having to use on-premise middleware.
Mr.
Swete states that "Workday is committed to raising the bar on integration."
Here we review what the company provides today. One option is documented APIs
with which customers can create their own integrations, another is tools such
as the Enterprise Integration Builder and Workday Studio, and packaged
integrations.
Customers
can define and create their own custom APIs through Reporting Services,
referred to as "Reports-as-a- Service"
to extract data out of Workday. They can also create integrations against the
Workday API using other own middleware technologies, such as Microsoft.NET,
TIBCO, or Oracle Fusion Middleware.
The
Workday Enterprise Interface Builder (EIB) tool is a simple graphical and
guided interface to define inbound and outbound integrations without requiring
any programming. At a more complex
level, Workday Studio is another development tool enabling customers and
partners to build sophisticated integrations to and from Workday that are
deployed and run on integration servers in Workday’s data center.
Workday also provides
"packaged" connectors that are tested, certified, and supported by Workday
itself. These include connectors to, solely as examples, Cornerstone
OnDemand for learning, HireRight for background checking, and in this
release, large
legacy payroll vendor integrations, such as to the SAP payroll,
whether provided by ADP, NGA, or SAP itself.
Workday supports an in-memory architecture, which means its
data is main memory resident rather than stores on disks, which allows faster
retrieval of data. It uses a database named Riak, an open source solution from
Basho Technologies, the creator and developer of Riak, an open source distributed database (sometimes categorized as a NOSQL database) and Riak CS, a cloud-based object
storage system that sits on top of Riak. Riak is architected for low-latency, availability,
fault-tolerance, operational simplicity, and scalability.
Conclusion
Today, as a nine-year-old company, Workday
provides enterprise cloud applications for human capital management, payroll,
financial management and analytics. It has grown rapidly to the 700 customers
using its software suites today. Workday Rising is the major event for those customers,
who gather to hear about new products, the future roadmap, and as importantly,
to talk to other customers like themselves. The growing number of technology
and implementation partners is demonstrated by the increased presence of
software provider and systems integrators in the exhibit halls.
This publication contains
general information only and Deloitte is not, by means of this publication,
rendering accounting, business, financial, investment, legal, tax, or other
professional advice or services. This publication is not a substitute for such
professional advice or services, nor should it be used as a basis for any
decision or action that may affect your business. Before making any decision or
taking any action that may affect your business, you should consult a qualified
professional advisor.
Deloitte shall not be
responsible for any loss sustained by any person who relies on this
publication.
As used in this document,
"Deloitte" means Deloitte Consulting LLP, a subsidiary of Deloitte
LLP. Please see www.deloitte.com/us/about for a detailed description of the
legal structure of Deloitte LLP and its subsidiaries. Certain services may not
be available to attest clients under the rules and regulations of public
accounting.
Copyright © 2014 Deloitte
Development LLC. All rights reserved.
[1]
http://www.forbes.com/sites/joshbersin/2014/02/27/workday-acquires-identified-a-potential-disruptive-move-in-recruiting/
[2] See Deploying
HCM Technologies: Making Change Work.
Katherine Jones, Ph.D., Bersin by Deloitte. June 2014.
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<span class='date ' tip=''><i class='icon-time'></i> Dec 05, 2015 12:56am</span>
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UCLA’s annual HR Roundtable Retreat featured an interesting discussion of future workforce trends. Led by Marina Gorbis of the Institute of the Future, part of the discussion focused on the growth of "microworkers," individuals who freelance a variety of projects or jobs for different employers. Although freelancers are nothing new to the workplace, numerous online platforms such as oDesk, Elance, and Freelancer.com are making it easier for these individuals to find work, so that the freelance movement appears to be growing. According to Forbes, an estimated one in three Americans (roughly 42 million workers) are freelancers. That number is expected to grow to 50 percent of the workforce by 2020.
Many individuals turn to freelancing due to challenges in finding full-time employment in a tough job market. But for a growing number of workers, freelancing is a lifestyle choice. These individuals prefer the benefits of freelancing - being their own boss, flexible work schedules, and the comfort of working from home - over the structure of a full-time office job.
From the organization’s perspective, freelancers provide a ready source of talent to supplement the existing workforce. Go to any of the popular freelancing sites and you can find a great many individuals with wide-ranging skills. Some of the top freelancing roles include:
Writing
Editing
PowerPoint creation
Graphics
Data analysis
The last item on this list, data analysis or analytics, is a prime area for freelancers. The lack of analytical skills is one of the key challenges in HR organizations today, yet most of these organizations have yet to create a clear roadmap for developing these capabilities. These organizations can turn to freelancers, who have the skills to help organizations analyze, interpret, and visualize their data.
Kaggle, for example, provides a competition platform for top analytics talent. Organizations post their data, and statisticians and data scientists from all over the world compete to create the best solutions. If you are nervous about turning over your organization’s sensitive data, you can require individuals to sign confidentiality agreements through a Masters Competition. Many organizations have used Kaggle to find the expertise they need, including my own organization, Deloitte.
HR leaders need to help their organizations understand how to best incorporate this talent into their workforces. If your organization has yet to utilize freelancers on a wide scale, this may initially require a bit of legwork. You may need to involve your procurement department to specify how to hire freelancers. You will likely also need to involve your compliance and legal groups to make sure you don’t run afoul of employment laws such as the Fair Labor Standards Act. You may need to modify your contracts, confidentiality and intellectual property agreements, insurance requirements, work schedules (for different time zones), and payment terms to accommodate freelancers. Furthermore, your HR systems and tools may need to be modified to track this new category of workers.
For managers, hiring freelancers will require a shift in how to onboard and incorporate this new talent into work streams. The organizational culture will need to build an acceptance of freelancers as part of the workplace ecosystem. These are areas where HR can help.
Many organizations are already leveraging the talents of the freelance community. According to Gorbis, one of her large tech clients staffs many of its projects with a ratio of 10 freelancers or microworkers for every one employee. Even on a less grand scale, freelancing promises to change the dynamics of the workplace. HR leaders should look at how they can help to build this larger talent ecosystem.
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<span class='date ' tip=''><i class='icon-time'></i> Dec 05, 2015 12:56am</span>
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We are a research organization, and one of the most important thing we do is share information, data, and perspectives. Over the coming weeks there will be a lot of new insights coming, and I want to highlight some important things you can do to help.
First, we are in the final stages of producing the Bersin Talent, HR and Learning Predictions for 2015, which will be out soon. I have personally spent countless hours on this research, and it brings together our combined perspectives on the ten biggest imperatives we believe HR and talent professionals should consider in the coming year. I won't give away any secrets, but stay tuned it's coming soon.
The second big project I want to highlight is one you can participate in right now: Deloitte's Third Annual Global Human Capital Trends study.
This is a massive global project I lead with two other partners, and it represents one of the biggest (if not the biggest) global studies of talent and HR issues around the world.
Like last year, we expect to have data from more than 90 different countries and we have already found some dramatic shifts in the issues and capability gaps in HR around the world.
Right now we are in the final stages of closing the survey, and we would like your help.
Please take the survey here - it will help give you (and your peers) great insights into the global issues we face in 2015, and I greatly look forward to sharing results with you.
I am excited to start sharing our perspectives for 2015 in the coming weeks!
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<span class='date ' tip=''><i class='icon-time'></i> Dec 05, 2015 12:55am</span>
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Most HR organizations have been slow to adopt analytics - too slow, in fact, in the minds of many impatient business leaders. Our research conducted last year showed that just 14% of HR organizations in the U.S are using advanced or predictive analytics to make talent decisions. These companies have created strong analytics teams with a diversity of skill sets and have established data governance processes for data quality and integration.
Despite the prognostications that 2014 would be "the year of predictive talent analytics," things haven’t changed all that much. I keep hearing the same questions from HR leaders over and over again: "How do I get started with analytics?" "How do we clean and integrate our data?" "How do we upskill our staff to be more data savvy?"
If HR continues to drag its feet, it risks losing control over its data, and its chance to gain some real power within the organization.
Witness the articles in support of CFOs owning analytics within corporate America. CFOs understand the value of data and are already using analytics to help them understand and predict margins, pricing models, and potential new revenue streams. For decades Finance has been using analytics to better understand where the business is strong and where it needs improvement.
CFOs could be a natural fit to lead analytics across the organization - taking over responsibility for HR analytics, marketing analytics, and operational analytics. Most CFOs are in a position of power within their organizations. They already control much of that data on company financials and operations. They have credibility and are seen (in many companies) as the source of truth. They understand data and know how to use it.
In many organizations, HR falls short on all of the above. Which is why HR risks losing control of its talent data to CFOs, who may be looking to further expand their leadership roles and spheres of influence throughout the company - and who are tired of waiting for HR leaders to "get it" when it comes to analytics.
I’ve already talked with several companies over the past two months that have centralized their analytics across functions. In a some cases, the CFO is running the analytics organization. In others, it falls under the COO or CIO. This should be a wake-up call for HR leaders. The battleground over corporate data is threatening to heat up, and HR can’t throw up the white flag and lose its stake in the one area that promises to bring it credibility with executives and power over talent and business decisions.
If your HR organization is still new to analytics, here is one thing you can do: Find a business leader who is willing to partner on an analytics project to solve a problem (e.g. reducing turnover, improving engagement, reducing accidents/theft/leakage, etc.) Put together a skunks works team, borrowing talent from another department if necessary or partnering with a university or external supplier, and look to get a small ‘win.’ After that, evangelize the results and find another internal stakeholder or two to partner with on another, slightly larger, project.
After you have a few small wins and have built some credibility with business leaders, you can ask for some additional resources and start building an analytics team. Many HR people say, "I can’t get the funding for analytics," and it's no wonder...since they haven’t proven the value and their credibility yet.
So start small - look for a supportive business leader with a pain point - and grow from there. Any don’t wait too long, or before you know it, your CFO may be managing your talent data.
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<span class='date ' tip=''><i class='icon-time'></i> Dec 05, 2015 12:55am</span>
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Competencies are the language of talent management. They provide guidance to managers and direct reports alike on the behaviors that are expected. They also are a way to assess those behaviors, whether for the purpose of hiring, development, or performance appraisal.
Yet, for all that can potentially be right about competencies, so much can also potentially be wrong. In many organizations we talk to, competencies are too numerous, ill-defined, or too complex. The result is the competencies are infrequently used and ultimately cast aside.
Therefore, we have to ask ourselves, "Are competencies dead?"
We are currently in the midst of a new research initiative on this question (and we’d like your help on it - see details below). Our initial research reveals, no, competencies are not dead - in many organizations they are alive and well, working as intended. In the organizations that are not using them effectively, though, the competencies seem to be collapsing under their own weight, dying a very slow death. These organizations have "zombie competencies" - or "zompetencies," if you like.
So, how do leaders keep their organizations from creating zompetencies? Here are a few suggestions:
Design for criticality: Focus on what is essential to success - not every competency necessary for doing a job.
Design for impact: Focus on competencies that align to the organization’s business strategy and greatest areas of need. If your organization is making a major transformation from one focused on execution to one focused on innovation, competencies should be a part of the bedrock of the change effort.
Design for simplicity: Constantly ask yourself if the competencies are necessary or can be expressed more simply. Further, in an effort to reduce competencies, do not combine two competencies into one. "Visionary leadership and tactical execution" is not one competency.
Design for acceptance: Avoid the trap of developing competencies in a vacuum. Competencies need to be broadly socialized and amended as they are developed, to ensure both broad understanding and agreement on their content.
Ultimately, managers and direct reports need to understand the competencies, what they mean, and how to use them - and integrate them into how they talk about talent on a regular basis.
How does your organization keep competencies alive and well? Or how has it gotten rid of zompetencies in the past? We are currently looking for examples of effective approaches to competency models and how they support talent management. Please email me at sgarr@deloitte.com if you have any examples from your or other organizations you can share.
Special thanks to Joe Folkman and Candace Atamanik for their contribution to some of the concepts in this blog.
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<span class='date ' tip=''><i class='icon-time'></i> Dec 05, 2015 12:54am</span>
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