Workforce Live 2014 - Become a Talent Magnet

Become aTalentMagnet

Jan SysmansSenior Director Marketing, Saba

[email protected]

@jsysmans @sabasoftware

www.saba.com

• Business Challenges

• What Is a Talent Magnet

• Where Do You Start

• Business Benefits of Becoming a Talent Magnet

• Conclusion

Agenda

Talent Business Challenges

Adobe's stock up 68% since it dumped stack ranking

Synchronizing organization design with Business Strategy has

a 5:1 rate of reorganization success

Talent acquisition and retention has risen to top of the CEO agenda

60% of companies worried about losing top people in 2014

How best to develop, manage, engage, and retain talent were among the leading challenges cited by the executivesJanuary 9, 2014 Conference Board Survey Report, CEO Challenge 2014

64%of CEOs say creatinga skilled workforce isa priority for theirorganization over thenext three years…

63% of CEOs are concerned about finding the right skills & talent to fuel their organization's growth prospects…

2 out of 3 CEOs believe the HR function isn’t well-prepared for the changes needed to respond to transformative trends

Top of CEO Agenda

Talent challenges business impact: Unable to Effectively Pursue Market Opportunities

Incurring Higher than Expected Expenses

Poor Engagement & Productivity

17th Annual Global CEO Survey – Jan. 2014

What is a Talent Magnet?

What The Experts Say

Josh Bersin

“Today, one could argue that the war is over and “the talent won.” While unemployment remains high among many groups, highly skilled workers are in great demand, making it critical for organizations to become a “talent magnet” and creating a steady pipeline of top people.”

“The ability to find and keep talent is perhaps the most valuable of all leadership attributes. And the best talent magnets make clear from their constant actions that their priorities are all about attracting and retaining the best. In business success, it is always all about people.”

Anthony Tjan

“A Magnetic Culture draws

talented employees to the

workplace, empowers them, and

sustains an environment in which

they are more likely to stay.

Such a culture is marked by

engaged employees who share a

strong desire to be part of the

value the organization creates”

What is a Talent Magnet

Attract and Retain

Top Talent

Talent Magnets

Where Do You Start?

• Attract A strong and relevant employment brand Enabling employees to be a brand ambassadors Tap into social talent networks Use innovative hiring practices

• Retain Meaningful, exciting & flexible work environments Facilitate talent mobility Encourage career and skill development Transform from competitive, periodic performance

assessment model to continuous coaching and capability development and where goals are well understood and aligned with the overall company goals

Talent Magnet: Attract and Retain Top Talent

Source: Bersin by Deloitte and Saba

Do – Start With An Employee Centric Culture

Do – Know Where You Are

Don’t – Boil The Ocean

Don’t - Technology for Technology’s Sake

Business Benefits of Becoming a Talent Magnet

Talent

Plan

Attract

Develop

Retain

• Companies with strategy-driven integrated talent management functions have significant advantages over their silo-ed counterparts:

26% higher revenue per employee

40% lower turnover among high performers

87% greater ability to “hire the best people”

156% greater ability to “develop the best leaders”

144% greater ability to “plan for future workforce needs”

92% greater ability to “respond to changing economic conditions”

“Integrated Talent Management – A Roadmap for Success” – Bersin by Deloitte

Becoming a Talent Magnet

Conclusion

Becoming a Talent Magnet Is a Continuous ProcessAttract , Enable, Grow & Retain Top Talent

Skills &Competencies

Recognize

Plan and AlignWorkforce

Talent Mobility and Retention

Acquire Top Talent

High Performance Agile Culture

Mn

t e

o

Good Resources

Thank You

@jsysmans

[email protected] www.saba.com

@sabasoftware