asyma e3 2014 industry best practices with human resource management
DESCRIPTION
HR departments play a critical role in organizational growth, performance, and profitability. As a result, human resource professionals must continually look for opportunities to manage you employee life cycle and how this will positively affect your organizations bottom line. In this session you'll be provided with an overview of available solutions to manage you employee life cycle and see how this can provide huge benefits to your bottom line. Human capital management is not just for large enterprises.TRANSCRIPT
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Industry best practices with Human Resource Systems
Keith Greeno – Asyma Solutions
Dan Papakonstantino - Manusonic
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Agenda • Why does it matter?
• Integration is Key – Recruiting and Hiring (Cyber Recruiter)
– Timesheets (Manusonic)
– HRMS automated forms (HR Actions)
– Talent Management (Cornerstone Talent Management)
• Management best practices issues: – Labour Shortages - Millennials
– Out sourced / In House payroll
– Measuring what is important
– Performance appraisals
• Questions?
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People • They make the difference • How we manage them makes a difference • Direct correlation to business results • Employee Value – Knowledge Worker
• Chief Source of Wealth is intellectual Capital
• Best Investment
… a cost that creates future value and pays out over time …
Oxford Dictionary
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Integration is Key
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• Sage HRMS Cyber Recruiter
– Streamline your recruiting process start to finish.
– Easily post to online job boards
– Easily collect applicant data.
– Integrated on boarding directly to Sage HRMS
Recruiting and Hiring
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Recruiting and Hiring
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Recruiting and Hiring
Recruiting workflow
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Recruiting and Hiring
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Time Sheet
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Why Time Collection? • Huge saving reducing the double and triple entry of data
• Reduce manual scheduling of employees
• Greatly improved accuracy
• Reduce administration with eliminated paper forms and electronic approvals
• Reduce overtime, improve efficiency
• Reduce compliance costs and risks
• Integrates with Sage HRMS, Sage 300 ERP
• Integrates with Project Costing and Manufacturing
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Time Sheets Manusonic
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Timesheets Manusonic
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Manusonic
• Manusonic Head Office
30 Via Renzo Drive, Suite 218 Richmond Hill, Ontario, Canada L4S 0B8 Toll Free: (800) 301-7213(800) 301-7213 Phone: (905) 884-4008(905) 884-4008 Fax: (905) 884-4047
• Western Office 549 Columbia Street, Suite #305 New Westminster, BC, Canada V3L 1B3 Phone: (604) 395-6322(604) 395-6322 Fax: (604) 395-6336
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HR Actions
HRMS Automated forms
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HRMS Automated forms
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Talent Management
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Only when the various talent management processes and systems are integrated can an organization be fully effective
Talent Management
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Talent Management
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Sage HRMS Talent Management by Cornerstone OnDemand
19
Talent Management
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Millennials
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Millennial’s
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Millennials
• Millennial’s want
– Authenticity.
– Community.
– Relationships.
– Connections
• Millennial’s are
– Unmotivated.
– Soft absorbed.
– Lazy.
– Entitled.
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Current Payroll Costs Year 1 Year 2 Year 3 Year 4 Year 5 5 Year Total
Number of Employees w / 10% yearly increase 450 450 450 495 545
Number of Pay Periods 26 26 26 26 26
Cost per Cheque/DD (1.25 per pay period / per employee) $14,625.00 $14,625.00 $14,625.00 $16,087.50 $17,696.25 $77,658.75
ROE Charge ( based on 10% turnover p/m w / $4.00 fee p/ee) $52.80 $52.80 $52.80 $52.80 $52.80 $264.00
New Hire charge (baed on 5% turnover w / $4.00 fee) $50.40 $50.40 $50.40 $50.40 $50.40 $252.00
Report Charge ($30.00 per report) x 3 per pay $780 $780 $780 $780 $780 $3,900.00
T4 Charges ($4.00) $1,800 $1,800 $1,800 $1,980 $2,178 $9,558.00
Printing Stub cost (0.15) $1,755 $1,755 $1,755 $1,931 $2,124 $9,319.05
EFT Charges (0.15) $1,755 $1,755 $1,755 $1,931 $2,124 $9,319.05
Logo Printing (0.08) x 1 logo per period/per employee $936 $936 $936 $1,030 $1,133 $4,970.16
Miscellaneous Fees $10.00 per pay $260 $260 $260 $260 $260 $1,300.00
Current Payroll Costs $22,014 $22,014 $22,014 $24,101 $26,397 $116,541
Future Sage 300 ERP Payroll Costs Year 1 Year 2 Year 3 Year 4 Year 5 5 Year Total
Number of users ($2,150 per user) 3 Users OR!!!!! 0
Sage 300 ERP License Fees Subscription fees (3 Users) 2,700 2,700 2,700 2,700 2,700 13,500
($75/mon/user)
Additional Tools/modules (optional) 0
Annual Softw are Assurance Fees (20%) (Included) 0 0 0 0 0 0
Sage Source Electronic Stubs 1,000 0 0 0 0 1,000
EFT Charges by Bank 5 5 5 5 5 25
HR solution 0
Total Discount
Future Internal Payroll Costs $3,705 $2,705 $2,705 $2,705 $2,705 $14,525
Savings $18,309 $19,309 $19,309 $21,396 $23,692 $102,016
83.17% 87.71% 87.71% 88.78% 89.75% 87.54%
Outsourced vs. In-house Payroll - 5 Year Cost Savings Analysis w/HRMS
Outsource versus In house
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Measure what is important
• Knowledge worker focus
• Results orientated work environment
• We don’t want to measure time Spend but Results generated
• Determine – staff Roles (What are we paying them for)
– then/Results (What do we what them to accomplish)
– then/What is success? (How do we measure)
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• Key Predictive Indicators for Knowledge Workers
– Marginal Contribution to Firm Revenue/Value
– Customer Feedback (Net Promoter Score)
– Number of Customer Contacts/Week
– High personal satisfaction days
– Effective Communication/Listening Skills
– Continuous Learning & Coaching Skills
– Effective Delegator
– Ability to Deal with Change
Measure what is important
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Performance Appraisals
• Provide little value (Must change)
• Druckers Manager’s Letter • Twice a year
• Define objectives of executive/you
• What performance standards apply?
• What must you do to obtain objectives?
• What helps/hampers you?
• What resources do you need?
• Becomes the covenant
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Integration is Key
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Questions? We believe that people deserve systems that work
At Asyma Solutions Ltd. we believe in using technology and management best
practices as effectively as possible to make your business and organization succeed. We help companies by providing innovative and sound proactive professional
advice, products and services to enhance the financial well-being of your organization.
We believe in win-win relationships. If the benefit cannot be shown to outweigh the cost we do not proceed.
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Phone 403-328-8188 Phone 780-448-9895 Phone 403-807-8985
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Toll free 1-877-448-9895