BAASS Connect 2013 - Maximize your Return on Employee Investment

Post on 17-Jan-2015

122 Views

Category:

Marketing

3 Downloads

Preview:

Click to see full reader

DESCRIPTION

Did you know that every $1 invested in employees yields $10 in profit? How much does a ‘bad hire’ cost your company? Employee turnover and retention are key aspects to managing a company’s most important asset. Learn how Sage HRMS can help your organization to maximize the Return on Employee Investment throughout the employee’s life cycle – from recruiting to retirement. Employees are the most important component in the quest to improve your business results. The investments you make in your workforce should yield a healthy return and positively affect the bottom line.

Transcript

Maximizing ROEI – Maximizing ROEI – Return on Employee InvestmentReturn on Employee Investment

Presented By: Presented By: Deana Dearry, Regional ManagerDeana Dearry, Regional ManagerSage Employer SolutionsSage Employer Solutions

Our Agenda:

•ROEI – Return on Employee Investment

– Understanding ROEI– Sage Resources for Current ROEI “Hot Topics”

•Leveraging Sage HRMS to Maximize your ROEI– Core HRMS– Endorsed Solutions: Time & Attendance, Recruiting, HR Actions, Alerts and

Paperless Workflow Tools

•Questions

Sage Employer Solutions

• HRMS leader since 1985• Developed by HR for HR• Customizable solution that meets your

Organization’s needs and budget• Core HRMS is “single point of truth!”• Extended solutions or “best of breed”• Tools to engage employees & empower

Management, Finance, Human Resources!

People

• They truly make an Organization• How we manage this resource makes a

difference• Their level of engagement has a direct

correlation to business results!

… a cost that creates future

value and pays out over time…

… a cost that creates future

value and pays out over time…

“A truly successful organization is one in which Employees have the knowledge, skill, desire, and opportunity to personally succeed in a way that leads to collective organizational success.”

Steven Covey

Employeeself-serviceEmployee

self-serviceManager

Self-serviceManager

Self-serviceEmployee

communicationsEmployee

communicationsManagement

reporting and analysisManagement

reporting and analysis

Employee/Manager ExperienceSelf-service interaction layer

Candidate sourcing

Candidate sourcing

Applicant tracking

Applicant tracking

New-hire on boarding

New-hire on boarding

Contingent staffing

Contingent staffing

Recruitment processesStrategic

Employee records & personnel actionsEmployee records & personnel actions

Benefitsadministration

Benefitsadministration PayrollPayroll Position

managementPosition

managementHR

complianceHR

compliance

TransactionalTransactional HRMS processes

Training administration

Training administration

Learning contentmanagement

Learning contentmanagement

LearningdeliveryLearningdelivery

Learning management processes

Employeeperformance

Employeeperformance

Succession planning

Succession planning

CompetencymanagementCompetencymanagement

Compensation and rewards

Compensation and rewards

Planningand analysis

Planningand analysis

Performance and talent management processes

Time and attendanceTime and

attendanceForecasting &

schedulingForecasting &

schedulingAbsence

managementAbsence

management

Workforce management processes

Source: Forrester Wave HRMS 2012

ROEI - Strategic and Transactional

Strategic ROEI

Transactional ROEI

Recruiting

Onboarding

PolicyCommunication

Compensation

H&W Benefits

PayrollTraining

PerformanceEvaluation

Promotion

Retirement

Leave

CareerDevelopment

Employee Life Cycle

When ROEI isn’t maximized …

Tony Hsieh, CEO of Zappos, estimates that his own bad hires have cost his company well over $100 million. That’s part of the reason he now offers new hires a $2000 bonus to quit after their first week on the job!

• What is the cost of a “Bad Hire” to your Organization?– Recruiting, Training and Employee Morale

• Employee Satisfaction and Retention are At Risk

• Compliance – Increasingly complex laws and regulations

– Fines, penalties and costly litigation

What to Target to Maximize ROEI

ROEI – Small Change, Big Impact

• Recruiting and Onboarding• Paperless HR• Risk Mitigation and Compliance• Career Enhancement Training• Talent Management

Sage Resources for Today’s Hottest ROEI Topics:

getsmartwithsage.com

CELC – Professional Development

Maximize your ROEI with Sage HRMS

Recruiting

Onboarding

PolicyCommunication

Compensation

H&W Benefits

PayrollTraining

PerformanceEvaluation

Promotion

Retirement

Leave

CareerDevelopment

Employee Life Cycle

End-to-End Solutions

Core Sage HRMS Application– Human Resources– Payroll– Time Off– Train– Employee Self Service– Benefits Enrollment– HR Essentials Library

End-to-End Solutions

Extended Solutions–Sage HRMS Cyber Recruiter by Visibility Software–Sage HRMS HR Actions by Delphia Consulting–Sage HRMS Time and Attendance by Insperity–Sage HRMS Alerts & Workflow by Vineyardsoft–Sage HRMS Benefits Messenger by Santeon–Sage HRMS Talent Management by Cornerstone OnDemand

Sage HRMS Core

Sage ESS- Employee Self Service

Sage Cyber Recruiter by Visibility

Sage Time and Attendance by Insperity

– Web Punch / Web Timesheet / Data Collection Hardware– Labor Distribution / Activity Allocation– Special Policy Calculations, Overtime, Union Rules, etc– Scheduling– Time off with electronic request workflow

Sage Time and Attendance by Insperity

Sage HRMS HR Actions by Delphia

Sage Talent Mgmt by Cornerstone

Sage Talent ManagementSage HRMS Performance Management

Performance Management Cloud Comparison Group Professional Enterprise Total

Performance Management        

Performance appraisals X X X X

Goal setting & management X X X X

Cascading goals X X X X

Social performance reviews X X X X

360 degree performance reviews X X X

Competency management X X X

Competency assessment X X X

Career Development        

Career center X X X

Development planning X X X

Career pathing X X X

Observation checklist X X

Compensation Management        

Compensation and salary planning X X

Merit & incentive management X X

Budgeting and reporting X X

Off cycle transaction support X X

Multi-currency support X X

Compensation modeling X X

Succession Management        

Internal talent pooling X

Organizational charting X

9-box grid X

Succession planning X

Talent planning & mobility X

Talent search X

Mobility & Automation

• Let’s Review:– Sage HRMS Core – HR, Payroll, Train, Employee Self Service– Sage HRMS Cyber Recruiter by Visibility Software– Sage HRMS HR Actions by Delphia Consulting– Sage HRMS Time and Attendance by Insperity– Sage HRMS Alerts & Workflow by Vineyardsoft– Sage HRMS Benefits Messenger by Santeon– Sage HRMS Talent Management by Cornerstone OnDemand

top related