Blogs
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
.
Blog
.
<span class='date ' tip=''><i class='icon-time'></i> Dec 05, 2015 12:54am</span>
|
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.
Bersin Analyst Blogs
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Blog
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<span class='date ' tip=''><i class='icon-time'></i> Dec 05, 2015 12:53am</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 12:53am</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.
Bersin Analyst Blogs
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Blog
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<span class='date ' tip=''><i class='icon-time'></i> Dec 05, 2015 12:52am</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.)
Bersin Analyst Blogs
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Blog
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<span class='date ' tip=''><i class='icon-time'></i> Dec 05, 2015 12:51am</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 12:51am</span>
|
Most organizations have a limited view of their workforces in
terms of both headcount numbers and costs. While HR typically reports headcount
figures, the task of calculating the cost of the workforce is often left
to Finance. Unfortunately, many HR groups don’t have the expertise or
credibility to report costs and therefore defer to their Finance counterparts.
Headcount figures are important, no doubt, but this data alone
only tells part of the story. Executives and line managers want to know how
much they are spending on talent, and how different decisions will impact these
costs. HR, in partnership with Finance, needs to take the initiative to
calculate and report these costs.
The HR leaders at ConAgra Foods did not shrink away from this
challenge. Until recently, ConAgra Foods struggled to collect accurate data
about its workforce. Information was spread across the organization in siloed
systems and was often difficult to reconcile (sound familiar?) In a
relatively short timeframe, however, ConAgra Foods’ HR team has been able to
leverage technology solutions to provide both current and projected headcount
as well as total workforce costs.
To estimate these costs, the analytics team partnered with Finance
(a key relationship for HR and analytics teams) to begin mapping all of the
available data and processes. The company was using two principle
systems: the HRIS, managed by HR, provided data on salary and benefits; and an
ERP system, technically owned by Finance, provided cost data. Neither
system held all of the necessary costs or details for accurate planning,
forecasting, and analysis. The goal was to deliver all workforce cost
data, regardless of source, to the cloud-based workforce planning system
(Visier) to provide a complete picture of costs.
To calculate the total cost of the workforce (TCOW), the team
developed a visual taxonomy of the different data elements that contribute to
this figure (see Figure 1). The four major categories include direct
compensation, benefits, employer costs for labor, and workforce overhead. Each
of these categories, in turn, has subcategories with specific data elements.
All of these need to be considered when calculating the total cost of
workforce. Many times companies only look at payroll or compensation figures,
but as this chart shows, that is only part of the total cost.
With all of the data in one place, ConAgra Foods’ HR and Finance
teams are now able to see the impact of spending at a minute level and
understand what impact its workforce costs have on its financial plan. They can
also run different scenarios, for example, modeling workforce costs between two
different locations, or modeling the cost of entering new markets versus
continuing operations as is. In the past, this would have been a highly manual,
time-consuming, and error-prone task.
If your HR organization is not able to do these types of analyses,
it should work to get there. Increasingly business leaders are calling on HR to
step up its game in using analytics to make better workforce decisions. Cost is
a key component of these decisions. So if you don't have a strong relationship
with your CFO, start building that relationship now.
Figure 1: Total Cost of Workforce Taxonomy
Bersin Analyst Blogs
.
Blog
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<span class='date ' tip=''><i class='icon-time'></i> Dec 05, 2015 12:50am</span>
|
Most organizations have a limited view of their workforces in
terms of both headcount numbers and costs. While HR typically reports headcount
figures, the task of calculating the cost of the workforce is often left
to Finance. Unfortunately, many HR groups don’t have the expertise or
credibility to report costs and therefore defer to their Finance counterparts.
Headcount figures are important, no doubt, but this data alone
only tells part of the story. Executives and line managers want to know how
much they are spending on talent, and how different decisions will impact these
costs. HR, in partnership with Finance, needs to take the initiative to
calculate and report these costs.
The HR leaders at ConAgra Foods did not shrink away from this
challenge. Until recently, ConAgra Foods struggled to collect accurate data
about its workforce. Information was spread across the organization in siloed
systems and was often difficult to reconcile (sound familiar?) In a
relatively short timeframe, however, ConAgra Foods’ HR team has been able to
leverage technology solutions to provide both current and projected headcount
as well as total workforce costs.
To estimate these costs, the analytics team partnered with Finance
(a key relationship for HR and analytics teams) to begin mapping all of the
available data and processes. The company was using two principle
systems: the HRIS, managed by HR, provided data on salary and benefits; and an
ERP system, technically owned by Finance, provided cost data. Neither
system held all of the necessary costs or details for accurate planning,
forecasting, and analysis. The goal was to deliver all workforce cost
data, regardless of source, to the cloud-based workforce planning system
(Visier) to provide a complete picture of costs.
To calculate the total cost of the workforce (TCOW), the team
developed a visual taxonomy of the different data elements that contribute to
this figure (see Figure 1). The four major categories include direct
compensation, benefits, employer costs for labor, and workforce overhead. Each
of these categories, in turn, has subcategories with specific data elements.
All of these need to be considered when calculating the total cost of
workforce. Many times companies only look at payroll or compensation figures,
but as this chart shows, that is only part of the total cost.
With all of the data in one place, ConAgra Foods’ HR and Finance
teams are now able to see the impact of spending at a minute level and
understand what impact its workforce costs have on its financial plan. They can
also run different scenarios, for example, modeling workforce costs between two
different locations, or modeling the cost of entering new markets versus
continuing operations as is. In the past, this would have been a highly manual,
time-consuming, and error-prone task.
If your HR organization is not able to do these types of analyses,
it should work to get there. Increasingly business leaders are calling on HR to
step up its game in using analytics to make better workforce decisions. Cost is
a key component of these decisions. So if you don't have a strong relationship
with your CFO, start building that relationship now.
Figure 1: Total Cost of Workforce Taxonomy
Bersin Analyst Blogs
.
Blog
.
<span class='date ' tip=''><i class='icon-time'></i> Dec 05, 2015 12:49am</span>
|
One of the things I enjoy the most
about being an analyst is the opportunity to speak with Bersin members about
the Talent Acquisition issues they’re facing. Last spring, we started getting a
lot of questions about campus recruiting programs, e.g., How should we
structure our campus recruiting program? Do you have any frameworks, metrics,
or other guidance for developing a campus recruiting strategy? What metrics
should we use to measure program success?
In response to this member demand, I’m
excited to announce that we’re publishing a new research report today, Developing an Effective Campus
Recruiting Program,
that answers these questions and more.
Why should organizations invest the
time and resources in a campus recruiting program? Campus hires can provide
organizations with a consistent pool of workers in today’s talent-constrained
global business world, with 73 percent of large organizations hiring interns to
fill full-time positions.[1] Campus
programs boast high retention rates with 69 percent of campus hires remaining
with an organization after five years.[2]
This is good news, given that employee turnover can be costly.
Campus
recruiting can deliver additional strategic benefits by helping organizations
manage talent gaps and elevate their profiles as potential employers on
campuses. It also can bring fresh and diverse perspectives to the organization on
topics ranging from technology to contemporary workplace policies.
To
help organizations assess the current state of their campus recruiting programs
and identify opportunities to develop a strategic approach, the report outlines
six critical steps:
·
Create a compelling business
case. Present convincing
business reasons for increased investment and commitment to campus programs,
such as how they can tap rich talent pools, reduce turnover, and help build
leadership pipelines. Presenting a clear vision for your recruiting efforts is
critical to creating an effective program.
·
Identify stakeholders and
decision-makers.
A large number of individuals need to champion, support and ultimately manage
program development and implementation. Executive buy-in and support are likely
to contribute to the overall success of a campus program.
·
Develop strategy and tactics. A campus recruiting program
may satisfy a variety of needs, from traditional internships and cooperative
programs to entry-level positions and even experienced hiring. Organizations
should align their campus recruiting initiatives with their overall talent
acquisition strategy and develop a work plan.
·
Determine a budget. Some campus recruiting
programs fail to launch due to lack of financial support from leadership. Set a
realistic budget and look for ways to optimize efforts by using niche job
posting sites, hosting virtual job fairs, and partnering with local
universities.
·
Align resources. As the need to hire more
skilled entry-level staff and interns in competitive fields grows, organizations
should look to individuals from the business, former interns, and college
alumni networks to help align campus strategies and program execution.
·
Ensure sustainability. Delivering a sustainable program
requires anticipating emerging business needs and continued identification of
the successes and shortcomings of a current campus recruiting program.
Assessing ROI and the value of the program will be the truest measure of a
program’s success.
Interested
in learning more? Download the complimentary WhatWorks®
Brief and join
Denise Moulton and me for an online webinar, Going Back to School: Developing
a More Effective Campus Recruiting Program, on February 24,
2015 2:00 p.m. ET.
As always, feel free to add a comment below, connect with me
on Twitter @RAEricksonPhD, or by email at rerickson@deloitte.com
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.
[1] Source: "Infographic: Internships Survey
and 2014 Internship Trends," Internships.com, January 23, 2014, http://www.internships.com/eyeoftheintern/news/idc-news/internships-survey-2014-internship-trends/
.
[2] Source:
"2014 Internship & Co-op Survey," National Association of Colleges and
Employers, April 2014, http://www.naceweb.org/uploadedFiles/Content/static-assets/downloads/executive-summary/2014-internship-co-op-survey-executive-summary.pdf
.
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<span class='date ' tip=''><i class='icon-time'></i> Dec 05, 2015 12:49am</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 12:48am</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 12:48am</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 12:47am</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.
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<span class='date ' tip=''><i class='icon-time'></i> Dec 05, 2015 12:47am</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 12:46am</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.
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<span class='date ' tip=''><i class='icon-time'></i> Dec 05, 2015 12:46am</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 12:45am</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 12:44am</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 12:43am</span>
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Most organizations have a limited view of their workforces in
terms of both headcount numbers and costs. While HR typically reports headcount
figures, the task of calculating the cost of the workforce is often left
to Finance. Unfortunately, many HR groups don’t have the expertise or
credibility to report costs and therefore defer to their Finance counterparts.
Headcount figures are important, no doubt, but this data alone
only tells part of the story. Executives and line managers want to know how
much they are spending on talent, and how different decisions will impact these
costs. HR, in partnership with Finance, needs to take the initiative to
calculate and report these costs.
The HR leaders at ConAgra Foods did not shrink away from this
challenge. Until recently, ConAgra Foods struggled to collect accurate data
about its workforce. Information was spread across the organization in siloed
systems and was often difficult to reconcile (sound familiar?) In a
relatively short timeframe, however, ConAgra Foods’ HR team has been able to
leverage technology solutions to provide both current and projected headcount
as well as total workforce costs.
To estimate these costs, the analytics team partnered with Finance
(a key relationship for HR and analytics teams) to begin mapping all of the
available data and processes. The company was using two principle
systems: the HRIS, managed by HR, provided data on salary and benefits; and an
ERP system, technically owned by Finance, provided cost data. Neither
system held all of the necessary costs or details for accurate planning,
forecasting, and analysis. The goal was to deliver all workforce cost
data, regardless of source, to the cloud-based workforce planning system
(Visier) to provide a complete picture of costs.
To calculate the total cost of the workforce (TCOW), the team
developed a visual taxonomy of the different data elements that contribute to
this figure (see Figure 1). The four major categories include direct
compensation, benefits, employer costs for labor, and workforce overhead. Each
of these categories, in turn, has subcategories with specific data elements.
All of these need to be considered when calculating the total cost of
workforce. Many times companies only look at payroll or compensation figures,
but as this chart shows, that is only part of the total cost.
With all of the data in one place, ConAgra Foods’ HR and Finance
teams are now able to see the impact of spending at a minute level and
understand what impact its workforce costs have on its financial plan. They can
also run different scenarios, for example, modeling workforce costs between two
different locations, or modeling the cost of entering new markets versus
continuing operations as is. In the past, this would have been a highly manual,
time-consuming, and error-prone task.
If your HR organization is not able to do these types of analyses,
it should work to get there. Increasingly business leaders are calling on HR to
step up its game in using analytics to make better workforce decisions. Cost is
a key component of these decisions. So if you don't have a strong relationship
with your CFO, start building that relationship now.
Figure 1: Total Cost of Workforce Taxonomy
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<span class='date ' tip=''><i class='icon-time'></i> Dec 05, 2015 12:43am</span>
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One of the things I enjoy the most
about being an analyst is the opportunity to speak with Bersin members about
the Talent Acquisition issues they’re facing. Last spring, we started getting a
lot of questions about campus recruiting programs, e.g., How should we
structure our campus recruiting program? Do you have any frameworks, metrics,
or other guidance for developing a campus recruiting strategy? What metrics
should we use to measure program success?
In response to this member demand, I’m
excited to announce that we’re publishing a new research report today, Developing an Effective Campus
Recruiting Program,
that answers these questions and more.
Why should organizations invest the
time and resources in a campus recruiting program? Campus hires can provide
organizations with a consistent pool of workers in today’s talent-constrained
global business world, with 73 percent of large organizations hiring interns to
fill full-time positions.[1] Campus
programs boast high retention rates with 69 percent of campus hires remaining
with an organization after five years.[2]
This is good news, given that employee turnover can be costly.
Campus
recruiting can deliver additional strategic benefits by helping organizations
manage talent gaps and elevate their profiles as potential employers on
campuses. It also can bring fresh and diverse perspectives to the organization on
topics ranging from technology to contemporary workplace policies.
To
help organizations assess the current state of their campus recruiting programs
and identify opportunities to develop a strategic approach, the report outlines
six critical steps:
·
Create a compelling business
case. Present convincing
business reasons for increased investment and commitment to campus programs,
such as how they can tap rich talent pools, reduce turnover, and help build
leadership pipelines. Presenting a clear vision for your recruiting efforts is
critical to creating an effective program.
·
Identify stakeholders and
decision-makers.
A large number of individuals need to champion, support and ultimately manage
program development and implementation. Executive buy-in and support are likely
to contribute to the overall success of a campus program.
·
Develop strategy and tactics. A campus recruiting program
may satisfy a variety of needs, from traditional internships and cooperative
programs to entry-level positions and even experienced hiring. Organizations
should align their campus recruiting initiatives with their overall talent
acquisition strategy and develop a work plan.
·
Determine a budget. Some campus recruiting
programs fail to launch due to lack of financial support from leadership. Set a
realistic budget and look for ways to optimize efforts by using niche job
posting sites, hosting virtual job fairs, and partnering with local
universities.
·
Align resources. As the need to hire more
skilled entry-level staff and interns in competitive fields grows, organizations
should look to individuals from the business, former interns, and college
alumni networks to help align campus strategies and program execution.
·
Ensure sustainability. Delivering a sustainable program
requires anticipating emerging business needs and continued identification of
the successes and shortcomings of a current campus recruiting program.
Assessing ROI and the value of the program will be the truest measure of a
program’s success.
Interested
in learning more? Download the complimentary WhatWorks®
Brief and join
Denise Moulton and me for an online webinar, Going Back to School: Developing
a More Effective Campus Recruiting Program, on February 24,
2015 2:00 p.m. ET.
As always, feel free to add a comment below, connect with me
on Twitter @RAEricksonPhD, or by email at rerickson@deloitte.com
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.
[1] Source: "Infographic: Internships Survey
and 2014 Internship Trends," Internships.com, January 23, 2014, http://www.internships.com/eyeoftheintern/news/idc-news/internships-survey-2014-internship-trends/
.
[2] Source:
"2014 Internship & Co-op Survey," National Association of Colleges and
Employers, April 2014, http://www.naceweb.org/uploadedFiles/Content/static-assets/downloads/executive-summary/2014-internship-co-op-survey-executive-summary.pdf
.
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<span class='date ' tip=''><i class='icon-time'></i> Dec 05, 2015 12:42am</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.
Bersin Analyst Blogs
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<span class='date ' tip=''><i class='icon-time'></i> Dec 05, 2015 12:41am</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!
Bersin Analyst Blogs
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<span class='date ' tip=''><i class='icon-time'></i> Dec 05, 2015 12:41am</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 12:40am</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 12:40am</span>
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