Succession and Talent Review at Newfield Exploration Blane Kingsmore October 1, 2014.

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Succession and Talent Review at Newfield Exploration Blane Kingsmore October 1, 2014

Transcript of Succession and Talent Review at Newfield Exploration Blane Kingsmore October 1, 2014.

Page 1: Succession and Talent Review at Newfield Exploration Blane Kingsmore October 1, 2014.

Succession and Talent Review at Newfield Exploration

Blane KingsmoreOctober 1, 2014

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Newfield Exploration Company

Independent E&P Company Headquartered in The Woodlands, Texas– Liquids-focused– Balanced program of exploration,

production and acquisitions

Traded on New York Stock Exchange as “NFX”

Annual Revenue: > $5.2 Billion >1,700 Employees Domestic Focus Areas– Rocky Mountains– Mid-Continent– Onshore Texas

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Current Newfield Footprint

12.1.6 EBS– Core HR– Advanced Benefits– iRecruitment– External Learning Management– Employee Self Service– Compensation Workbench (Sun setting)

Oracle HCM Cloud– Goal Management– Performance Management– Talent Review– Succession Planning– Workforce Compensation Rewards (implementing)

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Newfield Planned Footprint

Oracle HCM Cloud – 2015 & 2016 – Compensation (currently implementing)– Core HCM– Benefits– Taleo Recruit– Taleo Learn– Taleo Transitions

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Talent Review Cycle at Newfield Exploration

Talent Review 9-Box score drives compensation guidance year-end bonus and merit

Entirely manual process -spreadsheets and custom 9-box diagrams

Tedious HR process Manual time-consuming effort to produce guidance

numbers

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Talent Review Efficiencies in the Cloud

Talent Review Cycle Pre-Cloud– 4 major steps to produce compensation guidance– Process spanned over 2 months

Constant communication between HR and managers during this time

– Involved about 13 HR employees

Talent Review Cycle Post-Cloud– 1 major step to produce compensation guidance– Process spans over 2 weeks

Significant reduction in communication between HR and managers

– Involves about 8 HR employees– 60%-75% reduction in total organization time spent managing

Talent Review cycle

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Pre Oracle Cloud Talent Review Timeline

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Post Oracle Cloud Talent Review Timeline

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Strategic Talent Review Advantages in the Cloud

Increased data accuracy and reporting capabilities Employee population modeling capabilities Overall Reduction in time and effort of Talent Review

Cycle Increased organizational focus at year end Increased Human Resources efficiencies Decreased number of manager touch points

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Succession Planning at Newfield Exploration

Very limited to non-existent Succession Planning existed originally

Application Express (APEX) used to create custom Leadership Development Plans (LDPs)– Newfield’s attempt at an employee profile card and

succession planningPrevious Work HistoryEducation DetailsLearning HistoryReadiness Level

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Succession Planning Inefficiencies

Succession Planning Pre-Cloud– Custom APEX application with succession planning at the

individual level– Unable to view a succession plan from the Incumbent

perspective– Required 3 different Apex applications to manage data

security– Employee LDPs/Succession Plan Info had to be printed at the

individual level to review with executive management

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Succession Planning Efficiencies in the Cloud

Succession Planning Post-Cloud– True Succession Planning from the incumbent perspective– Fully integrated with employee talent profile– Elimination of custom application and custom security

designs– Real-time views within the system for executive

management– Enhanced and consolidated data reporting

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Accelerated Implementation – How we did it

Succession Planning and Talent Review concurrently implemented in 4.5 weeks

Desire for operating in best practice environment resulted in the business willing and ready to accept delivered processes and configurations– Newfield custom solutions not sustainable long-term– Executive management desire for more innovative succession

plans and talent reviews

Requirements for template configuration, process design were determined prior to deployment

Utilized Offshore support to configure custom security roles

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Oracle Cloud Express Solutions

Louann WeaverPractice DirectorOracle Cloud HCMOctober 1, 2014

Note: The speaker notes for this slide include detailed instructions on how to customize this Title Slide with your own picture.

Tip! Remember to remove this text box.

Oracle Confidential – Internal/Restricted/Highly RestrictedCopyright © 2014, Oracle and/or its affiliates. All rights reserved. |

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Copyright © 2014, Oracle and/or its affiliates. All rights reserved. |

Oracle Cloud Express Solutions

• Pre-configured “plug & play” HCM processes• Based on decades of experience and best practices• Multiple configuration options to suit your needs• Can be quickly and inexpensively “installed”

in the your HCM Cloud environment• Also include business process diagrams, preconfigured

workflow, approvals, notifications, reports, security roles, training PDF files, and ongoing Remote Systems Administration (RSA) services.

Overview

PLAYCloud

Expresssolution

video15Oracle Confidential

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Copyright © 2014, Oracle and/or its affiliates. All rights reserved. |

Oracle Cloud Express Solutions

• Do you have less than 5,000 employees?• Are your HCM and Talent Management processes not

clearly defined and/or paper-based?• Are you looking to standardize and centralize your HCM

processes?• Are you open to adopting pre-configured, “out-of-the-

box” processes?• Do you have very limited deployment time and/or

resources?

Are they right for you?

16Oracle Confidential

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Copyright © 2014, Oracle and/or its affiliates. All rights reserved. |

Oracle Cloud Express SolutionsExpress solution What it includes Approximat

e Timeline Price

Core HR

• Setup of your workforce data structures and core HR business processes

• Conversion and loading of 3 years of historical HR workforce data• Setup processes for hiring, transferring, promoting, and

terminating workers, and managing personal and employment information

• 40 Remote System Administration (RSA) Hours

11 weeks $95,000

Goal Management• Setup of your Goal Inventory and Cascading Goals requirements,

and related application features• 40 Remote System Administration (RSA) Hours

3 weeks $33,000

Performance Management

• Selection of 2 Performance Management templates from our library, and related application features

• 40 Remote System Administration (RSA) Hours3 weeks $35,00

0

Talent Review & Succession

Management

• Setup of 9-Box or “#” Box requirements, Talent Pools, Succession Pools, and related application features

• 40 Remote System Administration (RSA) Hours3 weeks $30,00

0

Workforce Rewards

• Selection of 1 Compensation Plan from our library, and related application features

• 40 Remote System Administration (RSA) Hours3 weeks $37,00

0

Coexistence Interface

(if not using HCM Cloud Core HR)

• Setup of HCM Cloud XChange to interface core data from your existing HR system to HCM Cloud

• 40 Remote System Administration (RSA) Hours4 weeks $46,00

0

17Oracle Confidential

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Copyright © 2014, Oracle and/or its affiliates. All rights reserved. |

Oracle Remote Systems Administration (RSA) Services

• Changing organizational needs require changes in your HCM applications. • Smaller system changes often don’t justify a large

project or maintenance organization. • Oracle’s RSA services help you address these smaller

changes quickly and affordably, by Oracle HCM Cloud experts.

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What are they?

Oracle Confidential

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Copyright © 2014, Oracle and/or its affiliates. All rights reserved. |

RSA services save you time, allowing your employees to focus on higher value activities.

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RSA services are provided by Oracle Cloud HCM experts, so things get done right the first time.

RSA services save you money with a remote delivery model that doesn’t sacrifice quality.

Benefits of RSA Services

Oracle Confidential

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Copyright © 2014, Oracle and/or its affiliates. All rights reserved. |

RSA Service Packages

RSA Package Total Hours Approx. Hours/Week Price

40-Hour Package 40* 3 hours/week $3,000

130-Hour Package 130* 10

hours/week $9,000

260-Hour Package 260* 20

hours/week $17,500

390-Hour Package 390* 30

hours/week $25,000

* Hours to be used within a 13 week period from the completion of an Express solution.

20Oracle Confidential

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Copyright © 2014 Oracle and/or its affiliates. All rights reserved. |

• Full Suite & Complex Integrations– Full Suite and Complete Integration

services that accelerate value across the entire Oracle stack while ensuring the greatest return on investment and the best time to value.

• Hyper Speed Installs & Upgrades– High Speed Installation, Upgrades

and Migrations services use best-in-class methodology and comprehensive solution expertise with a factory approach that simplifies and reduces cost and risk.

Oracle Confidential – Internal/Restricted/Highly Restricted 21

• Emerging Products– Emerging Technology services for big

data and business analytics, cloud, and engineered systems that deliver transformational impact.

• Mission Critical Projects– Mission Critical Project services

deliver solutions that work, create value, drive down cost, and reduce risk – all while safeguarding our customer’s success and satisfaction.

Oracle Consulting. We go where no other solution providers will …

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