hcm workforce compensation trends and demo

Emtec, Inc. Proprietary & Confidential. All rights reserved 2015.

Webinar: How to Modernize Your Compensation Planning

System

Patty Snider

Rich Reid

April 22nd, 2015


Agenda

About Your Presenters

About Emtec

HR Technology Marketplace Trends

Overview Oracle HCM Cloud

Oracle HCM Compensation Review

Demo

Lessons Learned from Compensation Implementations

Questions and Additional Resources

2


About Your Presenters


About the Presenters

4

Rich Reid

Managing Director of Advisory Services

• 25+ Years of hands on Oracle experience

• Strategy, Solutioning, Cloud, Management

• HCM, Financials, EPM, Business Intelligence, IT

• [email protected]

Patty Snider

HCM Senior Consultant

• 10+ Years of Implementing, upgrading & administering HRIS Systems

–On-premise & Cloud

–Across a broad base of industries

• Human Resource Processes Background & Compensation Implementation

Expert

• [email protected]

mailto:[email protected]

mailto:[email protected]


About Emtec


73%

YEARS

46 serving clients

OUR COMPANY

500 dedicated

associates 19

over

years

BEST PLACES

TO WORK

TECHNOLOGY EMPOWERED

BUSINESS SOLUTIONS

“right size provider”

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Bangalore

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MN, FL

Canada Toronto

Ottawa GLOBAL

DELIVERY

OUR SERVICES

87% 14

prior tier 1

consultancies

avg years

experience

fulltime

employees

OUR PEOPLE

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OTHER

PARTNERS

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managed services

Management

Consulting

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Analytics

Infrastructure

strategy,

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process

ERP, HCM, CRM,

app. development,

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applications,

infrastructure

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big data

service management,

enterprise infrastructure,

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Business and Technology Empowered


ENTERPRISE Solutions

Process Improvements

Maximize Application/Tool Investments

Disseminate Mission Critical Information

Throughout The Organization

Maintain Competitive Advantage

Integrated Cross-Pillar

Enterprise Solutions

Companies can have hundreds point solutions. Process

and integration across these solutions drives real business value.

SALES & MARKETING

Sales

Processes

Sales Data

Sales

Reporting

Sales

Analysis

Sales

Systems/

Tools

HCM

HCM

Processes

HCM Data

HCM

Reporting

HCM

Analysis

HCM

Systems/

Tools

CFO

FINANCE

Financial

Processes

Fin Data

Financial

Reporting

Financial

Analysis

Financial

Systems/

Tools

TO THIS

GO FROM THIS

POWER The

Of Emtec

SALES & MARKETING

Sales

Processes

Sales Data

Sales

Reporting

Sales

Analysis

Sales

Systems/

Tools

HCM

HCM

Processes

HCM Data

HCM

Reporting

HCM

Analysis

HCM

Systems/

Tools

CFO

FINANCE

Financial

Processes

Fin Data

Financial

Reporting

Financial

Analysis

Financial

Systems/

Tools

Cross Pillar Processes

One Version of the Truth From Your Data

Enterprise Reporting & Dashboards

“Complete” Analytics and True Profitability

Maximize IT Investments, Minimize Footprint


HR Technology Marketplace

Trends


The HCM Landscape Is Changing

• 70% of US workers are not engaged nor inspired by their work

• Only 35% of applicants are actually qualified for the jobs they apply to

• 20% of workers are more likely to stay at their companies if they are using social media

• 4% of companies have achieved the capability to perform predictive analytics about their workforce

• 28% of HR functions delivering to expectations

• 27% of millennials are already managers

• 83% of job seekers use smartphones to search for jobs

• 20% of Fortune 500 companies have a mobile friendly career site

• 65% of workers plan to work for pay in retirement

• 67% of employees report an increase in collaboration

• 60% of millennials leave a job in less than 3 years

• 56% of people choose flexibility over more pay

• 31% of organizations hired additional staff into their analytics teams over the past year

• 60% of companies are now investing in Big Data and analytics tools to help make their HR departments more data-driven

• Only 9% of organizations believe their business leaders use talent metrics for decision making

9


HR Technology Marketplace Trends

• Companies are investing in HR Transformation

–63% of CE0’s are concerned about availability of key skills

–HR must reinvent itself, Cloud is a big component

–Talent/Performance Management, Recruiting, Social and Analytics are leading the charge

• Analytics & data driven HR

–Obtaining “Actionable Insights” with your data

–Correlating HR data to business performance

–Predicting things like retention and how learning and engagement will impact the business

• Talent as a customer

–Corporate culture is very important

–Engagement is key, performance management is a big factor

–Employees today are most interested in work-life balance and a “purpose”

–Employees today are connected 24/7. Flexibility, engagement, empowerment, career development and technology are key factors for them

–Companies that understand this attract the best talent and retain them. This leads to higher profits

• Skills gap getting more complex

–Companies are struggling to develop leaders and existing staff skills gap growing

–Key to closing the gap is talent management

–Maximizing contributions, goal setting, rewards

10


Cloud Adoption Is Growing And Helping To Fill The Gap

• Cloud enabled HR systems require 1/3 the staff of on premise solutions

• Average time to implement a cloud based HRMS is 8.4 months compared to 14.6 months

for a traditional on-premise solution

How Is Cloud Helping Solve Today’s HR Challenges?

11

Simplicity Innovation

Speed Economics

• Robust solution OTB

• Accessible anywhere

• Greater business agility

• Faster time to market

• No Modifications

• Provisioned Immediately

• Lower TCO

• No Costly Upgrades


Overview of Oracle HCM Cloud


Oracle HCM Cloud Applications

• Comprehensive, integrated and flexible suite of cloud-based HR software

• Fully integrated functionality within four key areas

–Core HR

–Workforce management

–Workforce rewards

–Talent Management

13


Oracle HCM Cloud Services

14

Fusion Human Capital

Management Base Cloud

Service

Fusion Talent Management

Base Cloud Service

Taleo Platform Cloud

Service

• Fusion Global Payroll Cloud

• Fusion Payroll Interface Cloud

• Fusion Time & Labor Cloud

• Fusion Workforce Compensation Cloud

• Fusion Performance Management Cloud

• Fusion Goal Management Cloud

• Fusion Talent Review & Succession

Management Cloud

• Fusion Workforce Reputation Management

Cloud

• Taleo Learning Cloud

• Taleo Recruiting Cloud

• Taleo Onboarding Cloud

• Taleo Performance Management Cloud

• Taleo Goal Management Cloud

• Taleo Succession Planning Cloud

• Fusion Performance Management Cloud

• Fusion Goal Management Cloud

• Fusion Talent Review & Succession

Management Cloud

• Fusion Workforce Compensation Cloud

• Fusion Workforce Reputation Management

Cloud


Oracle Cloud Workforce Compensation

15

• Design Compensation Programs tailored

for Global & Local Organizations all in one

Application!

–Flexible Configuration

–Compensation Modeling Solutions

–Integrated Performance Management

–Pay for Performance

–Total Compensation Communications


Oracle HCM Compensation Review


End-to-End Compensation

• Analyze, model, budget, and administer an unlimited number of compensation plans

• Differentiate compensation based on performance, location, and other criteria

• Enhanced reporting capabilities and visibility for Compensation and Executive teams

17


Pay for Performance

• Drive compensation calculations and reinforce a pay-for-performance culture

• Differentiate compensation based on performance ratings, goal attainment, and various

other metrics

18


Flexible Configuration

• Incorporate custom data requirements into

compensation plans

• Quickly create, model, and roll out

compensation plans, and populate target

amounts based on complex calculations

• Define eligibility criteria to meet changing

business and job needs

• Increase user experience of line manager

19


Flexible Configuration

20


Compensation Change Statement

21


Total Compensation Statement

• Access to Compensation changes in a

single view

–Including but not limited to base pay,

incentives benefits, and equity

awards

• Visually inform your employees on the

total value of their compensation

package

22


Demo


Interactive Poll #1


Demo

25


Interactive Poll #2


Lessons Learned

from Compensation Implementations


Lesson Learned

• Prepare for Data Clean-Up/Conversion

–Plan Early

–Identify required clean-up activities prior to conversion

–Ensure proper verification of data

• SaaS applications leverage best practices

• Clearly identify business requirements

• Allow adequate time for prototyping and testing

• Change management is critical

28


Questions & Additional Resources


Additional Resources

• Complimentary HCM Compensation Value Assessment

–Optimization Process Recommendations to meet specific business requirements

–Best Practices & recommendations for Compensation Processing Solution

–End User Analysis

–Integration Analysis

–Connect with us to Schedule your Assessment & improve your compensation system

• Client Experience- HCM Cloud Application

–See how a global leader in credit information overcame critical compensation issues

–Ask us how we enabled “handshake” to connect Oracle HCM Cloud & Taleo Modules

–Do the pains sound familiar? Read more to better align your organization

• What Differentiates our HCM Practice

–Learn how we have helped other companies streamline their HR Processes

• Explore our HCM Blog

–Connect with our Thought Leaders to see if we are a good fit to help you with your pains

–Want to share your experience? Become a Guest Blogger!

30

http://www.emtecinc.com/resources/hcm-compensation-business-value-assessment

http://www.emtecinc.com/resources/transunion-talent-management-solution




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THANK YOU FOR YOUR TIME

Please visit us online at www.emtecinc.com

THANK YOU FOR YOUR TIME

Please visit us online at www.emtecinc.com

http://www.emtecinc.com/

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