Powering Up Talent Management
For Business Performance:
Ten Top Trends for 2015
The HR of
tomorrow is
here today.
Businesses are
reimagining the
workplace in ways
that seemed like
science fiction just
a few years ago….
Centralized organizations
have transformed into
distributed workgroups,
networking across continents
at all hours.
New models of social
interaction are reshaping top-
down leadership styles,
making more collaborative
approaches to management a
reality.
Sophisticated methods of data
analysis enable companies to
spot and reduce workforce
risks.
This is what we learned.
At the end of 2014, SilkRoad
conducted a comprehensive
survey of customers to
determine the new trends to
look for in 2015.
Technology: Purchasing new applications and integrating existing ones
Not on the HR tech agenda: Swapping out or decommissioning current applications, or adopting Big Data.
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*Finance, Controller, Operations Manager, Management Team
PER
CEN
TAG
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Who “Owns” the HRMS?
The majority of HR departments own decision-making responsibility for the HRMS, and so should leverage this authority to integrate disconnected systems.
Minimizing Risk in Managing Confidential Data
Recent breaches of employee data in major companies has highlighted the vulnerability of vital HR information.
Talent management professionals (IT organizations too) will seek “bulletproof” HRMS software that offers levels of data access for different categories of users.
The User Interface becomes a “Deal Maker” in Talent Management Software
The market rise in use of mobile devices, plus the dominance of employee self-service applications, force companies to take a closer look at slick interface design and user experience.
Mobile computing is ubiquitous
As of May 2014, globally there are:
Kleiner, Perkins, Caufeld, Byers, May 2014.
5.2 Billion mobile phones
1.6 Billion smartphones
789 Million laptops
439 Million tablets
Talent Management Gets Pressure to Go Mobile
Mobile recruitment applications will lead the way, driven by a competitive labor market and the demand for tech-savvy Millennial workers.
Mobile learning apps are next, training company “road warriors” and stationary employees alike.
Approval for Purchasing Analytics Tools Becomes Easier
The C-suite presses HR for workforce metrics to help create competitive advantage, drive higher performance, and reduce costs.
HR’s New Watchword: The Internet of Things
Wearable technology—smart glasses, badges, jewelry, watches, pens, and even connected clothing—can tether workers to their organizations.
Though this innovation seems more like “sci-tech” than high-tech now, HR must bone up on ethical issues around monitoring employees, such as employee privacy and security.
HR Aims to Elevate Performance Management
Moving performance from the annual tactical review to a more strategic approach—including coaching and ongoing feedback—is a long-term goal for HR.
Only time will tell if professionals can fix dysfunctional performance management processes.
HR professionals could be squeezed by labor shortages on one end and lack of training for internal people on the other.
Now’s the time for companies to prepare their Gen-X talent for leadership and to train Millennials to shoulder management roles. Relying on external hires alone to fill leadership positions demotivates internal employees and causes discontent.
HR will be challenged to determine the right business balance of outside hires and internal promotions.
Front and Center: Developing Leaders, Addressing Skills Gaps
The Skills Gap
“Employees aren’t just whining, the skills gap is real.”
James Besson, Harvard Business Review, August 25, 2014
The Two Biggest Human Capital Issues: Engagementand Retention
IN: A positive workplace culture, meaningful employee experiences, an appealing company brand, and ample opportunities for advancement.
OUT: Job stasis and the promise of the same “desk for life.”
The U.S. Bureau of Labor Statistics shows that there were 4.7 million job openings in December 2014, yet more than half of employers say that they can’t find qualified candidates.
U.S. Department of Labor Statistics, December 9, 2014. CareerBuilder Skills Gap Survey.
The Wild Card: HR Still Elbows for a Seat at the Table, a Strategic Role in Business
We expect talent management professionals to continue to fight this battle in the coming months. What new weapons can HR use on the battlefield?
A fresh, consultative mindset, the language of business ROI, and hard workforce metrics that inform C-level decision making.
About SilkRoad
SilkRoad® is a leading global provider of cloud-based, end-to-end talent management solutions that enable customers to find, attract, develop, and retain the best talent. The award-winning SilkRoad® Life Suite® includes Talent Acquisition, Talent Development, and HRMS solutions that are delivered through a Talent Portal to drive greater engagement, collaboration, and user adoption. The suite is easy to deploy, easy to use, and affordable for businesses of every size. Visit www.silkroad.com for more information.
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