Mentoring, Coaching & New Hire Onboarding Software []

NxtSparkBecause everybody deserves a career they love

Efficient Talent Development Solution.

NxtSpark Consulting Pvt Ltd www.nxtspark.com

Challenges

In today’s workplace, people don’t leave because of their bosses alone..

Team Engagement‘Replacement Cost is

prohibitively high ~ 400%, Top-talent attrition comprises

25% of all attrition

Talent RetentionLower engagement leads to

lower productivity which can severely dent a company’s

competitive advantage

Training EffectivenessUnsure about the need and

impact of T&D, in the long run, can hurt both in terms of

money lost as well as attrition

Currently most of the remediation done by HR teams are reactive. They need a tool

to prevent unfavorable outcomes like attrition, low

engagement.

Proactive Forecasting

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45%Talent Retention

24%Employee Engagement

Working Well

Not Working Well

No Strategy

0% 10% 20% 30% 40% 50% 60%

29%

17%

54%

Source: Strategic Talent Management Survey -2014 – Halogen Software, Cranfield School of Management, Hrzone.com

Talent Strategy






Attrition Can Pinch Your Bottom-line

40%Junior Level

150%Middle Level

400%Senior/Specialist

Source: http://bit.ly/1GMYmu3

Situation






What’s Mentoring?

• A process in which a more experienced or knowledgeable person helps to guide a less experienced or knowledgeable person.

• It’s a critical management foundation in all successful global companies and organizations.

• A Mentor provides leadership and inspiration; supports Mentees on how to achieve career goals

• Examples: Steve Jobs mentored by Andy Grove, Michael Jordan by Phil Jackson, Mark Zuckerberg by Steve Jobs, etc.






Structured Mentoring

Successful companies use mentoring to tackle complex HR challenges

Increase Employee Retention

Improve Workforce Productivity Enable Succession Planning

Develop New Skills






Case StudyA 2013 study examined responses

from more than 830 mentees and

some 670 mentors participating in

Sun Microsystem's program.

Employee retention rates climbed 69

% for the mentors and 72 % for the

mentees over the seven-year period

of the study. The increased retention

resulted in a savings of $6.7 million in

avoided staff turnover and

replacement costs.

Since 2011 DHL Express has run an

advanced mentoring program so

employees can learn new skills,

understand the company culture on a

larger scale and develop a career

path. Through this, 60 % of the

mentees advanced their careers at

the company over the course of a

year.

Many large organizations have successfully used Mentoring to build competitive advantage






Types of Mentoring Programs

Reverse Mentoring

Employee Career Development Leadership Development

Knowledge Transfer Diversity Mentoring






NxtSpark Mentoring

3A Mentoring Model

1. Automated

Objective: Using Technology to drive Mentoring Programs that you track and measure

Cloud-enabled Mentoring Platform

2. Agile

Objective: Design a Mentoring Program with objectives and deliver as per planned results

Mentoring for outcomes and results

3. Assisted

Objective: Mentoring by industry experts with years of vintage with them in mentoring and coaching people

Assisted by certified coaches and experts






D.E.L.T.A Process

• Intuitive and comprehensive process for your Talent Development needs

• Easy to implement solutions so that you can focus on your business strategy and growth

• Metrics to measure effectiveness of all your Talent Management programs

TRACK

Tracking, Course corrections and impact calculation

Objective defining & success factors

Attract participants; train Mentors

Help-resources, checkpoints

ASSESS

TRACK

DEFINE

EVANGELIZE

LAUNCHCreate user profiles; matching Mentee-

Mentor






Talent Development Stages

o Flexible program designo Identification of objectiveso Define specific results

Evangelize Launch Define Track Assess







o Promote the Mentoring program through internal communicationso Attract Menteeso Train & enable Mentors with the help of our Expert Mentors








o Create User profileso Create tags on skills, roles & interestso Use Mentor-Mentee matching to suggest relational pairs








o Put help resources like videos, reference material to assist the mentoring process

o Forums for discussion, Q&A to keep the mentoring program alive and kicking








o Track progress through Dashboardso Analyze program health through useful analyticso Do course correction through communication, review & skilling







Talent Development Benefits

With Mentoring, the Benefits are many and long-lasting

Fill Internal Role & Skill Gaps

Measure Impact of HR & Training Programs

Retain Top Talent

Strategize for Business Development & Growth

Boost Engagement &

Productivity






Founding Team

Soumen Chatterjee, Co-founder

• B.Tech (IIT Roorkee), MBA (XLRI, Jamshedpur)

• 15 years experience across Asian Paints, ICICI Bank, Macquarie & Engineers India. Last corporate role VP and Business Head at Macquarie Wealth.

• Has mentored and trained professionals in Teradata, Dr. Reddy’s Laboratories, Hinduja Global, Applied Materials and Cholamandalam Finance and guided students in IITs, IIMs, XLRI Jamshedpur and BITS Pilani

Apratim Ghosh, Co-founder• 17 years in the industry experience in product

development and services

• Worked in Microsoft, Avanade and Synaptris – managing teams and responsible for building capability around Mobility and IOT.

• Mentored team on N+1 technologies, helped setup Microsoft Services Mobility division, won deals like Olympics in Rio, lead Microsoft Services Mobility, IOT, Azure worldwide community, building skills, awareness and capability






Our Mentors

Prof. Kathy E Kram

• BS & MS (Behavioral Sc. & Mgmt.) from MIT, Ph.D (Org.Behavior) from Yale University

• Professor Emerita at Boston University; Principal Associate at ICW Consulting

• Has influenced Mentoring Science and Research for the last 30 years

• Authored numerous articles and books Mentoring at Work, Strategic Relationships at Work, etc.

Guides us in creating a world-class product and process around Mentoring Solutions




Let’s Unlock Your Hidden Talent!

[email protected] [email protected]

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Mentoring, Coaching & New Hire Onboarding Software []

Recruiting & HR

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