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Transforming Today’s W orkforce to Prepare for Tomorrow’s Needs

Transforming Today’s W orkforce to Prepare for Tomorrow’s Needs
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Transforming Today’s W orkforce to Prepare for Tomorrow’s Needs - 1

Transforming Today’s Workforce to Prepare for Tomorrow’s Needs Using Analytics to Make Smart, Forward-Looking Decisions TH OU GH T LEADERSHI P FROM ORACLE AN D IBM By Bertrand Dussert, Oracle; Michelle Newell, Oracle; Jennifer Basco, Oracle; Mahesh Marepalli, Ph.D., IB

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Transforming Today’s W orkforce to Prepare for Tomorrow’s Needs - 2

Laying the Groundwork for Change 1 Recruiting and Talent Management 4 The Value of Social Data 5 Becoming a Brand Ambassador 6 Effective Solutions for Human Capital Management 7 TRANSFORMING TODAY'S WORKFORCE TO PREPARE FOR TOMORROWS NEEDS

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Transforming Today’s W orkforce to Prepare for Tomorrow’s Needs - 3

Mobility, social networks, cloud, analytics, big data—these emerging technologies are having a decisive impact on the business world. Getting the right human capital in place to leverage these advancements is critical to executive strategy. You need a workforce—and an HR team—that knows how to respond. In its 2013 C-Suite study, IBM tapped the knowledge and experience of 4,183 CxOs to look at how these and other macro trends are driving organizations forward. These business leaders acknowledged the significant role that social, mobile, and digital technologies are playing between...

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Transforming Today’s W orkforce to Prepare for Tomorrow’s Needs - 4

Transaction focused: Both CEOs and CHROs agree that the HR function is perceived as more transactional organizational processes Strategic partner Critical enabler When the CEO asks you about business, do you talk about headcount or business results? Do you focus on the one percent of the workforce in the HR department or the 99 percent that represents the rest of the workforce? CEOs want HR leaders who can elevate their focus, from running the machine of HR to running the machine of the business. For example, as CEOs evaluate new business ventures, they may need to know what types of teams...

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Transforming Today’s W orkforce to Prepare for Tomorrow’s Needs - 5

• How do you create a workforce that is imbued with organizational speed, agility, and adaptability—at Workforce Analytics Forward-looking HR departments rely on analytics to drive decision-making. According to the C-Suite study, those organizations that consistently use workforce analytics are significantly more likely to be effective in addressing a range of workforce challenges, such as talent retention, employee engagement, and performance management (see Talent and data: Organizations with more analytics prowess are better able to tackle key talent-related challenges Talent retention...

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Transforming Today’s W orkforce to Prepare for Tomorrow’s Needs - 6

flexible work arrangements, how quickly will you know whether or not these arrangements are making people more productive? Many companies have very little capacity to deal with unforeseen demand spikes. If your company enters a new market, do you have the tools to simulate customer demand and attrition scenarios, and their impact on the workforce? You may have a lot of data on worker demographics but do you know how to put that information to use to predict worker attrition? Analytic tools can help you forecast future needs based on current and historical data. For example, when an...

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Transforming Today’s W orkforce to Prepare for Tomorrow’s Needs - 7

Self-service recruiting applications allow employees to exercise control over their careers. It should be easy for them to see these opportunities so they can bring them up in performance conversations. HR pros should be able to personalize the experience and incorporate the company brand in these applications as well. Succession planning tools are other useful weapons in the analytic arsenal. A talent management application toolset will rate the skills and capabilities of the workforce to help you determine who can grow and evolve into alternate roles. Ultimately, such a solution can tie...

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Transforming Today’s W orkforce to Prepare for Tomorrow’s Needs - 8

Social media is an ideal way to share knowledge, both inside and outside the organization. Increasingly, HR pros are being called on to establish the social networks that bring employees together and build the organization’s collective intelligence. When properly deployed, these networks can help employees identify new career opportunities. For example, IBM has a LinkedIn type system that it uses to engage its workforce. Once a comment is posted or a topic is promoted, employers can see the reaction from the employee base. As other people comment the blog will expand. This is another...

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Transforming Today’s W orkforce to Prepare for Tomorrow’s Needs - 9

CHROs must see themselves as chief communications officers for employees. They should be conscious of their “brand” and constantly assess the experience of their employees, just as marketing professionals consider the corporate brand and the experiences that customers confront. According to one survey, 80 percent of the information that employees obtain about a company before they join comes from external channels. It is much easier to obtain this information now than it used to be, mainly because most employees have loose ties with hundreds of people, and extensive networks of...

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Transforming Today’s W orkforce to Prepare for Tomorrow’s Needs - 10

Oracle Corporation, World Headquarters Worldwide Inquiries blogs.oracle.com/oraclehcm facebook.com/oracleHCM twitter.com/oracleHCM oracle.com/hcm Copyright © 2015, Oracle and/or its affiliates. All rights reserved. This document is provided for information purposes only, and the contents hereof are subject to change without notice. This document is not warranted to be error-free, nor subject to any other warranties or conditions, whether expressed orally or implied in law, including implied warranties and conditions of merchantability or fitness for a particular purpose. We specifically...

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