HCM Workforce Compensation Trends and Demo
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Transcript of HCM Workforce Compensation Trends and Demo
Emtec, Inc. Proprietary & Confidential. All rights reserved 2015.
Webinar: How to Modernize Your Compensation Planning
System
Patty Snider
Rich Reid
April 22nd, 2015
Emtec, Inc. Proprietary & Confidential. All rights reserved 2015.
Agenda
About Your Presenters
About Emtec
HR Technology Marketplace Trends
Overview Oracle HCM Cloud
Oracle HCM Compensation Review
Demo
Lessons Learned from Compensation Implementations
Questions and Additional Resources
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Emtec, Inc. Proprietary & Confidential. All rights reserved 2015.
About the Presenters
4
Rich Reid
Managing Director of Advisory Services
• 25+ Years of hands on Oracle experience
• Strategy, Solutioning, Cloud, Management
• HCM, Financials, EPM, Business Intelligence, IT
Patty Snider
HCM Senior Consultant
• 10+ Years of Implementing, upgrading & administering HRIS Systems
–On-premise & Cloud
–Across a broad base of industries
• Human Resource Processes Background & Compensation Implementation
Expert
Emtec, Inc. Proprietary & Confidential. All rights reserved 2015.
73%
YEARS
46 serving clients
OUR COMPANY
500 dedicated
associates 19
over
years
BEST PLACES
TO WORK
TECHNOLOGY EMPOWERED
BUSINESS SOLUTIONS
“right size provider”
“client for life”
India Pune
Bangalore
USA IL, PA, NJ,
GA, VA,
MN, FL
Canada Toronto
Ottawa GLOBAL
DELIVERY
OUR SERVICES
87% 14
prior tier 1
consultancies
avg years
experience
fulltime
employees
OUR PEOPLE
25+
OTHER
PARTNERS
- onshore
- offshore
- nearshore
- blended
managed services
Management
Consulting
Applications Cloud
Analytics
Infrastructure
strategy,
governance,
process
ERP, HCM, CRM,
app. development,
mobile solutions
applications,
infrastructure
enterprise reporting,
predictive analytics,
big data
service management,
enterprise infrastructure,
end user computing
Business and Technology Empowered
Emtec, Inc. Proprietary & Confidential. All rights reserved 2015.
ENTERPRISE Solutions
Process Improvements
Maximize Application/Tool Investments
Disseminate Mission Critical Information
Throughout The Organization
Maintain Competitive Advantage
Integrated Cross-Pillar
Enterprise Solutions
Companies can have hundreds point solutions. Process
and integration across these solutions drives real business value.
SALES & MARKETING
Sales
Processes
Sales Data
Sales
Reporting
Sales
Analysis
Sales
Systems/
Tools
HCM
HCM
Processes
HCM Data
HCM
Reporting
HCM
Analysis
HCM
Systems/
Tools
CFO
FINANCE
Financial
Processes
Fin Data
Financial
Reporting
Financial
Analysis
Financial
Systems/
Tools
TO THIS
GO FROM THIS
POWER The
Of Emtec
SALES & MARKETING
Sales
Processes
Sales Data
Sales
Reporting
Sales
Analysis
Sales
Systems/
Tools
HCM
HCM
Processes
HCM Data
HCM
Reporting
HCM
Analysis
HCM
Systems/
Tools
CFO
FINANCE
Financial
Processes
Fin Data
Financial
Reporting
Financial
Analysis
Financial
Systems/
Tools
Cross Pillar Processes
One Version of the Truth From Your Data
Enterprise Reporting & Dashboards
“Complete” Analytics and True Profitability
Maximize IT Investments, Minimize Footprint
Emtec, Inc. Proprietary & Confidential. All rights reserved 2015.
The HCM Landscape Is Changing
• 70% of US workers are not engaged nor inspired by their work
• Only 35% of applicants are actually qualified for the jobs they apply to
• 20% of workers are more likely to stay at their companies if they are using social media
• 4% of companies have achieved the capability to perform predictive analytics about their workforce
• 28% of HR functions delivering to expectations
• 27% of millennials are already managers
• 83% of job seekers use smartphones to search for jobs
• 20% of Fortune 500 companies have a mobile friendly career site
• 65% of workers plan to work for pay in retirement
• 67% of employees report an increase in collaboration
• 60% of millennials leave a job in less than 3 years
• 56% of people choose flexibility over more pay
• 31% of organizations hired additional staff into their analytics teams over the past year
• 60% of companies are now investing in Big Data and analytics tools to help make their HR departments more data-driven
• Only 9% of organizations believe their business leaders use talent metrics for decision making
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HR Technology Marketplace Trends
• Companies are investing in HR Transformation
–63% of CE0’s are concerned about availability of key skills
–HR must reinvent itself, Cloud is a big component
–Talent/Performance Management, Recruiting, Social and Analytics are leading the charge
• Analytics & data driven HR
–Obtaining “Actionable Insights” with your data
–Correlating HR data to business performance
–Predicting things like retention and how learning and engagement will impact the business
• Talent as a customer
–Corporate culture is very important
–Engagement is key, performance management is a big factor
–Employees today are most interested in work-life balance and a “purpose”
–Employees today are connected 24/7. Flexibility, engagement, empowerment, career development and technology are key factors for them
–Companies that understand this attract the best talent and retain them. This leads to higher profits
• Skills gap getting more complex
–Companies are struggling to develop leaders and existing staff skills gap growing
–Key to closing the gap is talent management
–Maximizing contributions, goal setting, rewards
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Cloud Adoption Is Growing And Helping To Fill The Gap
• Cloud enabled HR systems require 1/3 the staff of on premise solutions
• Average time to implement a cloud based HRMS is 8.4 months compared to 14.6 months
for a traditional on-premise solution
How Is Cloud Helping Solve Today’s HR Challenges?
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Simplicity Innovation
Speed Economics
• Robust solution OTB
• Accessible anywhere
• Greater business agility
• Faster time to market
• No Modifications
• Provisioned Immediately
• Lower TCO
• No Costly Upgrades
Emtec, Inc. Proprietary & Confidential. All rights reserved 2015.
Oracle HCM Cloud Applications
• Comprehensive, integrated and flexible suite of cloud-based HR software
• Fully integrated functionality within four key areas
–Core HR
–Workforce management
–Workforce rewards
–Talent Management
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Oracle HCM Cloud Services
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Fusion Human Capital
Management Base Cloud
Service
Fusion Talent Management
Base Cloud Service
Taleo Platform Cloud
Service
• Fusion Global Payroll Cloud
• Fusion Payroll Interface Cloud
• Fusion Time & Labor Cloud
• Fusion Workforce Compensation Cloud
• Fusion Performance Management Cloud
• Fusion Goal Management Cloud
• Fusion Talent Review & Succession
Management Cloud
• Fusion Workforce Reputation Management
Cloud
• Taleo Learning Cloud
• Taleo Recruiting Cloud
• Taleo Onboarding Cloud
• Taleo Performance Management Cloud
• Taleo Goal Management Cloud
• Taleo Succession Planning Cloud
• Fusion Performance Management Cloud
• Fusion Goal Management Cloud
• Fusion Talent Review & Succession
Management Cloud
• Fusion Workforce Compensation Cloud
• Fusion Workforce Reputation Management
Cloud
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Oracle Cloud Workforce Compensation
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• Design Compensation Programs tailored
for Global & Local Organizations all in one
Application!
–Flexible Configuration
–Compensation Modeling Solutions
–Integrated Performance Management
–Pay for Performance
–Total Compensation Communications
Emtec, Inc. Proprietary & Confidential. All rights reserved 2015.
End-to-End Compensation
• Analyze, model, budget, and administer an unlimited number of compensation plans
• Differentiate compensation based on performance, location, and other criteria
• Enhanced reporting capabilities and visibility for Compensation and Executive teams
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Pay for Performance
• Drive compensation calculations and reinforce a pay-for-performance culture
• Differentiate compensation based on performance ratings, goal attainment, and various
other metrics
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Flexible Configuration
• Incorporate custom data requirements into
compensation plans
• Quickly create, model, and roll out
compensation plans, and populate target
amounts based on complex calculations
• Define eligibility criteria to meet changing
business and job needs
• Increase user experience of line manager
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Total Compensation Statement
• Access to Compensation changes in a
single view
–Including but not limited to base pay,
incentives benefits, and equity
awards
• Visually inform your employees on the
total value of their compensation
package
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Emtec, Inc. Proprietary & Confidential. All rights reserved 2015.
Lessons Learned
from Compensation Implementations
Emtec, Inc. Proprietary & Confidential. All rights reserved 2015.
Lesson Learned
• Prepare for Data Clean-Up/Conversion
–Plan Early
–Identify required clean-up activities prior to conversion
–Ensure proper verification of data
• SaaS applications leverage best practices
• Clearly identify business requirements
• Allow adequate time for prototyping and testing
• Change management is critical
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Emtec, Inc. Proprietary & Confidential. All rights reserved 2015.
Additional Resources
• Complimentary HCM Compensation Value Assessment
–Optimization Process Recommendations to meet specific business requirements
–Best Practices & recommendations for Compensation Processing Solution
–End User Analysis
–Integration Analysis
–Connect with us to Schedule your Assessment & improve your compensation system
• Client Experience- HCM Cloud Application
–See how a global leader in credit information overcame critical compensation issues
–Ask us how we enabled “handshake” to connect Oracle HCM Cloud & Taleo Modules
–Do the pains sound familiar? Read more to better align your organization
• What Differentiates our HCM Practice
–Learn how we have helped other companies streamline their HR Processes
• Explore our HCM Blog
–Connect with our Thought Leaders to see if we are a good fit to help you with your pains
–Want to share your experience? Become a Guest Blogger!
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Emtec, Inc. Proprietary & Confidential. All rights reserved 2015.
THANK YOU FOR YOUR TIME
Please visit us online at www.emtecinc.com
THANK YOU FOR YOUR TIME
Please visit us online at www.emtecinc.com