26987155 talent management the genpact story

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  • 8/8/2019 26987155 Talent Management the Genpact Story

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    1 All Rights Reserved. Copyright Genpact (2006).

    Confidential. All trademarks appearing herein belong to their respective owners.

    Talent Management: The Genpact Story

    Sangeeta Murthi Sahgal

    Vice President & Corporate Learning Leader

    ASTD 2006Dallas, US

    May 8, 2006

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    2 All Rights Reserved. Copyright Genpact (2006).

    Confidential. All trademarks appearing herein belong to their respective owners.

    Meeting Business & Technology Services Needs

    Europe

    1,400 employeesacross Hungary& Romania

    China

    1,500 employeesin Dalian

    India

    17,500employees

    across five majorcities

    US & Mexico

    2,600 employeesin Mexico & theU.S.

    Vertical Experience & Process Depth 15 industries

    1,000+ processes

    80+ customers

    Reduced Operational Risk

    Managing the Knowledge of 1,000+transitions

    Regulatory compliance focus across allmajor jurisdictions

    Visibility & Control Over Operations Advanced dashboard technology for

    increased transparency

    Real-time views of transactional, operationaland business metrics

    Relentless Focus on Process Excellence Six Sigma quality and LEAN productivity techniques cornerstones of our GE heritage

    Single-minded focus on quality and business impact

    through Global Right-Shore Delivery Centers

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    3 All Rights Reserved. Copyright Genpact (2006).

    Confidential. All trademarks appearing herein belong to their respective owners.

    Manufacturing

    Supply chain services

    Forecasting & planning Sourcing/procurement/

    ordering

    Equipment monitoring Field services support Logistics support

    Transportation

    Asset Monitoring

    Airline operations Revenue/yield mgmt

    customer support

    Marketing services Customer support Contract Management

    Business Services

    Contract management

    Pricing analysis

    Marketing services

    Sales force training

    Asset monitoring

    Information Management

    Insurance

    Agent services

    Actuarial analysis Underwriting support Claims processing Policy administration Risk management Product development

    Banking/Finance

    Credit applicationevaluation

    Customer support

    Lead generation

    Financial modeling

    Research

    Portfolio management

    Finance & Accounting Procure to Pay, Order to Cash, Record to Report, Gen. Acct., Hire to Retire, Treasury & Tax

    With Proven Experience Across Multiple

    Industries & Processes

    Airlines, car/truck

    manufacturers, car rentals,

    rail, trucking, shipping,

    courier & cargo firms

    Me

    C

    Consumer, Commercial,

    Mortgage, Investment

    Banking & Real Estate

    Life, Property & Casualty,

    Mortgage, Reinsurance,

    Health, Long-Term Care

    OEMs, Chemicals, Oil&

    Gas, Pharmaceuticals,

    Healthcare, Industrials

    dia & Entertainment,

    ommunications, Retail

    Sales & Marketing Analytics Market Research, Database Marketing, Credit & Risk Modeling, Pricing Analysis, CRM

    Customer Service Online/ Inbound Customer Care, Account Management, Contract Management

    Financial Services Collections / Ops Risk Mgmt, Underwriting, Booking/Funding, Cash Applications, Collections

    Supply Chain & Procurement Procurement Services, Logistics Support, Vendor Support & Mgmt, Spend Analysis

    Information Technology ServicesEnterprise App Svcs & Program Mgmt

    IT End-User Computing and Remote Infrastructure Management

    Aftermarket Services Field Engineering Services, Warranty & Repair Support, Parts Dispatch Services

    Transaction Services Application Processing, Claims Processing, Document Mgmt, Billing Services, Order Mgmt

    Design, Implementation & Support Solutions in ERPs, CRMs, & Content Development

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    4 All Rights Reserved. Copyright Genpact (2006).

    Confidential. All trademarks appearing herein belong to their respective owners.

    Genpacts Growth Story

    1997-2000 (GECIS) 2001-2004 (GECIS) 2005-2009 (Genpact)

    Employees

    Attract talent

    Focus on process training

    Design long-term careerpath

    Attract right talent

    Focus on best-practice-sharing

    Develop future leadershiptalent

    Strategically partner withacademic institutes to groom talent

    Retain high-vintage talent

    Develop domain expertise

    Key Imperatives for Talent Management

    Only Voice-Based Services Voice and Knowledge-IntensiveServices

    Voice and Knowledge-Intensive Services

    Customer-base

    1,200 4,500 5,500 12,000 19,000 45,000 (Projected)

    20+ Fortune 500

    customersandgrowing

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    5 All Rights Reserved. Copyright Genpact (2006).

    Confidential. All trademarks appearing herein belong to their respective owners.

    Talent Development Snapshot

    Running a >5500 Person

    Equivalent UniversityInternational Recognition

    Rated 6th in BEST Award

    2005 by American Society for

    Training & Development

    (ASTD)

    Over8,000 new hires inducted

    Over15,000 people covered in

    professional & leadership skillsdevelopment programs

    Over10,000 people covered in SixSigma and Lean training

    Over2 MM training hours delivered

    Over3,300 people registered forContinuing Education programs

    Over280+ certified trainers deliver1,000+ Learning Path programs

    2005 Outstanding Case

    Study Gold Award from

    Brandon Hall

    2005 Excellence in Education

    award by Life Office

    Management Association,

    USA; also awarded in 2001

    and 2002

    Induct and Integrate each new hire

    Build domain expertise across diverse business verticals and functions

    Cover 10,000+ employees globally under Education@Work programs by 2008

    Build Leadership Depth Generic (4,000+) and Functional (500+)

    Growth Imperatives for 2006 & 2007

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    6 All Rights Reserved. Copyright Genpact (2006).

    Confidential. All trademarks appearing herein belong to their respective owners.

    Embedding Training in Organizations Processes

    Building a Training Academy to develop skills needed to meet hiring slate .

    with a conversion rate >60% scaling to recruit >10,000 pa

    Comprehensive communicative skills framework ensures 98% success rate -

    highest in the industry

    Widen Hiring Pool

    Public domain training and certificationsLOMA, PMP,CPA, ITIL, CCNA

    Learning path including contextual knowledge for 1,000+ processes across

    industry verticals & service horizontals

    DevelopDomain Expertise

    Tight Integration between performance measurement and learning interventions

    using Six Sigma and Lean

    Process Knowledge Assessments define Personal Development Plans and

    coaching/mentoring

    Improve MetricsConsistently

    Extensive use of eLearning and Simulations increasing speed of learning and

    retention to be released to operations

    Training effectiveness metrics defined by business / operating metrics

    Generate RevenueFaster

    Learn

    Perform

    Hire

    Develop

    ContinuingEducation @ Work

    Partnering with leading universities & institutions to bring higher education into

    the workplace . Linking to career paths

    >3,000 enrolments in a wide range of programs to meet diverse needs MBA,

    Languages

    Retain

    DevelopLeadership Depth

    Develop generic and functional leadership through integrated business,

    performance, training, and coaching practicesLead

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    7 All Rights Reserved. Copyright Genpact (2006).

    Confidential. All trademarks appearing herein belong to their respective owners.

    Training Design & Development Methodology

    NeedsAnalysis InterventionDesign ContentDevelopment ContentDelivery

    ContentMaintenance

    Performance &

    Learning /

    Content NeedsAnalysis

    Curriculum

    Design

    Assessment /certification

    design

    Performance

    support

    frameworkdesign

    Training Material

    Performance

    support tools

    Portals

    SOPs

    Internal

    communication kits

    Classroom

    delivery

    Online contentdelivery using

    Oracle LMS

    Content

    Translation

    Content updates

    Curriculum

    enhancements

    . to Meet Key Performance Metrics Time-to-productivity improved by 30% over 3 years

    Training yield > 90%

    Service delivery defect rate reduction

    Process knowledge assessment success > 90% (75% first-pass)

    Improvement in customer satisfaction - Net Promoter Score

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    8 All Rights Reserved. Copyright Genpact (2006).

    Confidential. All trademarks appearing herein belong to their respective owners.

    Leveraging Genpact Content SolutionsWorld-Class Services

    Product Product/ServiceContent

    Management

    New Service Launch Communication Campaigns

    Website & Portals

    Employees & Customer training

    Media Creation Tradeshow & customer presentations

    Customer and Employee Newsletters

    Marketing Collateral

    Learning &

    Performance

    Support

    People Learning Needs Analysis E-Learning, Electronic Performance

    Support Systems

    Simulations

    Classroom Training Design New Hire Orientation

    Process Content

    Management

    Process Policies & Procedures Management Compliance training

    Digitization/Automation Tools

    Process Documentation & Training

    ROI-based Approach,Impacting Performance Improvement

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    9 All Rights Reserved. Copyright Genpact (2006).

    Confidential. All trademarks appearing herein belong to their respective owners.

    Reducing Hiring Cost & Building Resource Capacity

    Unavailability of right - skilled resources: Increase in hiring cost

    Reduced capacity and revenue leakage

    50% new hires rejected by operations teams

    Resolution on First Call(ROFC) dropped to 64%

    Decrease in productivity and customer satisfaction.

    3-tier learning architecture blended delivery

    A complete learning cycle of concepts, task-based

    simulations, and scenario-based problem solving

    practice sessions by task/activity typeBuild complex

    problem solving

    skills in combined

    task / activity groupsBuild proficiency in

    performing task /

    activity multiple

    senses

    Conceptual

    knowledge of task /

    activity type

    Business Challenge

    Solution

    ROI:

    $ 204,000 in 2005

    $ 1MM estimated projectionfor 2006

    Impact

    46% reduction in Hiring Cost19% increase in capacity

    O C & f

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    10 All Rights Reserved. Copyright Genpact (2006).

    Confidential. All trademarks appearing herein belong to their respective owners.

    Reducing Operational Cost & Building Proficiency

    4 week Time to Proficiency of new hires inoutbound collections processes lead to:

    High operational cost

    High time-off-job for training

    Intense simulation-based learning modules

    cover all the possible situations

    encountered on the job

    Business Challenge

    Solution

    Impact

    Time-to-proficiency reduced by50% to 2 weeks

    Operational cost reduced by 4%,via reduction in time-off-job for

    re-training

    Practice Scenarios

    Game-basedScenarios

    Real-life experience

    ImprovedRetention

    FasterLearning

    Learning By Doing

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    11 All Rights Reserved. Copyright Genpact (2006).

    Confidential. All trademarks appearing herein belong to their respective owners.

    Talent Management . The Road Ahead

    DomainExpertise &Leadership

    Development

    Business Plan

    Performancesupport

    SkillDevelopment

    PerformanceManagement

    SkillsInventory

    Assessment

    Hiring

    Leveraging Oracle Recruitment, HR,

    Competency Management andLearning Management System to

    integrate talent management

    processes

    Integrate Education@Work & public

    domain expertise with learning

    management

    Defining and implementing resource

    management to optimize training

    operations

    Induct and Integrate every

    employee

    Build domain expertise in diversebusiness verticals and functions

    Cover 10,000 employees globally

    under Education@Workprograms by 2008

    Build leadership depth Generic(4000+) and Functional (500+)

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    12 All Rights Reserved. Copyright Genpact (2006).

    Confidential. All trademarks appearing herein belong to their respective owners.

    www.genpact.com

    Ursula Berlinger

    Business Development

    [email protected]

    +1 (203) 570-3408

    Contact Information

    Sangeeta Murthi Sahgal

    Vice President &Corporate Learning Leader

    [email protected]

    +91 (124) 402-5501