Here: HR must wins - EY · $325 million global HR spend $47 million annual HRIT spend 2,075 HR...
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From here to there: developing and launching a global enterprise people strategy
Transcript of Here: HR must wins - EY · $325 million global HR spend $47 million annual HRIT spend 2,075 HR...
From here to there: developing and launching a global enterprise people strategy
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Here: HR must wins
► Creating a motivating work environment
► Integrating talent needs with strategy
► Reinforcing Values in Action
Leadership development
Sustainable talent pipeline
Diversity and inclusion
Must wins
► Attract: source, identify and select the best talent
► Develop: intentional career plans building deep expertise
► Perform: engage, reward and recognize employees for delivering on their goals
► Seek and select the best ► Ensure opportunities for all to be
successful ► Seek different points of view
78% favorable score in Inclusion Survey – Top 5 of 150 benchmarked companies
Women and minorities higher share of new
hires and promotions
18%
19%
47%
26%
19%
24%US labor force
Promotions
Global labor force
New hires
2008
2011
2014
47% 53%
54% 46%
57% 43%
Slide courtesy of Caterpillar
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How we go from here to there
► By the numbers: ► $325 million global HR spend ► $47 million annual HRIT spend ► 2,075 HR employees globally ► 11 interactive, future-focused HR strategy workshops:
► HSD
► Perform
► Develop ► Attract ► D&I ► EAME
► 175% engaged participants contributing to the develop of the Enterprise People Strategy ► A promise to over 132,000 employees and the extended enterprise ► Three to five year outlook with one vision for our people
2012
2013
2014
2014
► North America
► HRPTI
► SSC
► Asia Pacific
► Latin America
Slide courtesy of Caterpillar
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How we go from here to there
2012
2013
2014
2014
How we get there Jan ‘14 Feb ‘14 Mar ‘14 Apr ’14 May ‘14 June
‘14 Jul ’14 Aug ’14 Sep ’14 Oct ’14 Nov ’14 Dec ’14 2015 2016 - 2019
Initiatives
HRIT assessment
HSD / LHRM meetings – VoC, VoB, BU feedback/input
Strategy development and workshop execution
Strategic planning
Develop and execute on change management and communication plan for
strategy development
Sub teams change and communication to support
strategy rollout
Execute on priorities
How we got here 2012
► CEB survey feedback ► Alignment between Line Managers and HR on Must Wins ► Significant gap in other HR areas of focus vs. Line Manager priorities
2013 ► Voice of the customer
► BU HR identified 16 needs from HSD ► Identified need for BU HR and HSD to come together and prioritize
2014 ► MGL results and BU HR feedback
► Identified five areas of opportunities ► Questioned how to define success in HR and contribute to enterprise success
2014 ► HRIT assessment
► HRIT cost is 24% of overall HR spend (as compared to the market median of 15%) ► Total HRIT cost per business entity employee $377 (as compared to the market media of $240)
Enterprise People Strategy rollout
Workshop
Final strategy roll Up (3 days)
Slide courtesy of Caterpillar
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There: Enterprise People Strategy
Our MISSION… why do we exist?
We create a sustainable
competitive advantage by enabling people to
succeed Our OPERATING PRINCIPLES… how we will operate, behave and make decisions
Our PRIORITIES… how we will focus our efforts to advance toward our vision and support the enterprise
Cultural Stewardship Connected
Best HR
People Value and Commitment
Slide courtesy of Caterpillar
