retooling hr to keep up with the pace of change in business
TRANSCRIPT
Copyright © 2014 Oracle and/or its affiliates. All rights reserved. |
Retooling HR to Keep Pace with Changes in Business
Copyright © 2014 Oracle and/or its affiliates. All rights reserved. | Oracle Confidential – Internal 2
Speakers
Erica Volini Principal, HR Transformation Leader, Deloitte Consulting
Anje Dodson Vice President, Talent, Technology and Operations, Oracle
Cara Capretta Vice President, HR Transformation, Oracle
Copyright © 2014 Oracle and/or its affiliates. All rights reserved. |
Today’s Agenda
• Deloitte’s Human Capital Trends 2015 Report
• Major Talent Trends Impacting Business
• Retooling HR to Keep Pace With The Changes In Business
• Case Study: Oracle’s HR Journey to the Cloud
• Q & A
3
Copyright © 2014 Oracle and/or its affiliates. All rights reserved. |
Global Human Capital Trends 2015
3,300+ Business and HR
leaders
106 countries
One of the largest-ever longitudinal global talent studies
Copyright © 2014 Oracle and/or its affiliates. All rights reserved. |
Simplifying Work
Machines As Talent
People Data Everywhere
63
55
50
Reinventing HR
Workforce Capability
Performance Management
HR & People Analytics
70
68
66
71
Culture & Engagement
Leadership
Learning & Development
78
78
74
% V E R Y I M P O R T AN T
50%
51%
40%
39%
0 10 20 30 40 50 60 70 80 90 100
35%
34%
29%
26%
20%
14%
10 Human Capital Trends For 2015
Copyright © 2014 Oracle and/or its affiliates. All rights reserved. |
HR is Not
Keeping Up
HR capabilities
Simplifying Work
Learning and
development
Performance Management
Reinventing HR
HR & people Analytics
Culture and Engagement
Leadership
-26 -28
-29 -30
-31
-31
-36
Business needs
Global Economic Growth
Copyright © 2014 Oracle and/or its affiliates. All rights reserved. |
Culture and Engagement
talent issue
Create meaningful
work, deep
engagement,
and job fit
#1Global
say the problem
is “very
important”– double
the 2014
percentage
50%
Copyright © 2014 Oracle and/or its affiliates. All rights reserved. |
Reinventing HR
Align HR
capabilities
with business
goals
HR is being
redefined
as an enabler
and builder
of talent
see an urgent
need to
reskill the
HR function
39%
Copyright © 2014 Oracle and/or its affiliates. All rights reserved. | Oracle Confidential – Internal/Restricted/Highly Restricted 11
“Strategic talent management is no longer a nice-to-have investment….it's a key driver of business success and financial performance. In fact, it's the number one issue for CEOs today. Many companies know more about their laptops than they do their people.” - Mark Hurd CEO, Oracle Corp
Copyright © 2014 Oracle and/or its affiliates. All rights reserved. |
The Landscape a Decade Ago…
Increasing complexity Rapid growth Market pressures Regulatory demands
Disparate systems Global expansion Need to increase capacity Fundamentals matter Margins & efficiencies Data privacy issues Compliance & reporting
Single source of truth Shared Services Centers, Self Service, Automation Accelerate hiring, on boarding and development Consistent and efficient processes and practices
Our Reality Our HR Agenda Our CEO
12
Copyright © 2014 Oracle and/or its affiliates. All rights reserved. |
Today’s Business Landscape
Global integration Diversified talent markets Mobile mindset Social economy
Grow, innovate and save Retain expertise, skill shortages Get answers on demand Integrate resources Gain customer insight, speed innovation and issue resolution
Enable X-geo, X-function, virtual collaboration Reinvent career paths Personalized solutions Boost productivity 24/7 Talent info at finger tips Collective intelligence Tap social insights
The New Reality Our HR Agenda Our CEO
13
Copyright © 2014 Oracle and/or its affiliates. All rights reserved. |
Critical Dimensions of Strategic HR
COLLABORATIVE MOBILE
INSIGHTFUL TALENT-CENTRIC
14
Organizational Effectiveness
Talent Management
HR Analytics
Copyright © 2014 Oracle and/or its affiliates. All rights reserved. | 16
HR Effectiveness Competency Model
• Interpreting global business context
• Decoding customer expectations
• Co-crafting a strategic agenda
Strategic Positioner Credible Activist
Change Champion Human Resource Innovator &
Integrator
Capability Builder
Technology Proponent
• Initiating change
• Sustaining change
• Earning trust through results
• Influencing and relating to others
• Improving through self- awareness
• Shaping the HR profession
• Capitalizing organizational capability
• Aligning strategy, culture, practices and behavior
• Creating a meaningful work environment
• Improving human capital through workforce planning and analytics
• Developing talent
• Shaping organization and communication practices
• Driving performance
• Improving utility of HR operations
• Connecting people through technology
• Leveraging social media tools
Copyright © 2014 Oracle and/or its affiliates. All rights reserved. |
Deloitte & Oracle: Inviting You to Engage
OCTOBER 25-29, 2015 SAN FRANCISCO
Follow Us On Twitter! @CaraCapretta
@DeloitteTalent @oraclehcm
APRIL 5-7, 2016
CHICAGO | HYATT
REGENCY