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Succession Planning, Compensation and Benefits: Making it Easy for your HR

Team# A L L I A N C E 2 0 1 7

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YOUR PRESENTERSKen DeyoSenior HRP Solution ArchitectKim PayneApplication Consultant

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AGENDA

S T A R T S u c c e s s i o n P l a n n i n g B e n e fi t s C o m p e n s a t i o nI n t r o d u c t i o n s Q u e s t i o n s ?

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Success ion P lann ing:What i s i t ?

Who does i t ?How can we he lp?

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Succession Planning – What is it?

Risk-mitigation process

Identifies and secures pipeline of talent

Often focused on top Management roles

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Succession Planning – Poll the Audience• Does your organization use succession plans?

If not, have you ever thought about it?• What level of employees have (or should have)

a succession plan in place?• Who should be responsible for succession

plans? Executive team? Human Resources? Managers?

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Succession Planning – How Can We Help?

Create• Choose Target

Roles• Determine

Success Criteria

Identify• Annual Appraisals• Qualifications• Readiness Factor

Motivate• Compensation,

Benefits, Environment

Retain• Communication• Flexible Work

Arrangements

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Benefits :Current Trends &

Th ings You Can Do

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“Absence Management: the cost of absence is so much more than # of days” ~Janet

“Lunch and Learns on non-work related topics to increase engagement and employee well being.” ~Louise

“Mental health… with a focus on psychology, nutrition and work/life balance” ~Tina

“Employee mental health, change management and absence management.” ~Laurie

“Employee wellness… Employees’ mental, social and financial health is just as important as their physical health.” ~Julie

Current Trends

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Where do Benefits fit in?

http://www.morneaushepell.com/ca-en/insights/survey-compensation-and-trends-human-resources

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And for our American friends…

http://finance.yahoo.com/news/5-employee-benefits-trends-watch-140000543.html

• Help to navigate the health care system• ‘Ancillary Benefits’ such as Critical Illness,

Accident Coverage, Group Legal plans…pet insurance?

• Wellness programs• Financial Wellness• Telecommuting

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Benefits – what else is there?

• Allowing employees to access their benefits as of their hire date• Being able to accumulate sick days to bridge to disability coverage• Being able to use some sick days as “personal health days” to allow

employees to have a break without using all their holidays or pretending to be sick

• Receiving your birthday off with pay• Allowing for some increased flexibility in personalizing benefit options; i.e.

health spending accounts, vision care versus dental, and more paramedical coverage

• Other ideas include job sharing, compressed work week, flex time, telecommuting and progressive retirement options.

http://hrcouncil.ca/hr-toolkit/compensation-employee.cfm

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Compensat ion Management :

What i s invo lved?

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InternalAbility to Pay

-Most significant factor influencing Compensation

Collective AgreementsNegotiation results, Contract

Language

Employees - Performance, Experience

- Seniority, Potential

Job Specific Requirements

Physical/Mental, Responsibility, Hazards

Job/Position EvaluationRelationships between all Jobs

Organizational StrategyRapid Growth/Status Quo

Factors Influencing CompensationExternal

Laws and Regulations

- Work hours- Compulsory Time off

- Overtime

Labor Market - Local -National

InflationIncreased Prices vs. Value of Money

Technological Changes

- Changes requiring a more skilled workforce

QualificationsReputable Academic Institutions

http://www.whatishumanresource.com/factors-influencing-employee-compensation

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How does SPARKROCK Dynamics NAV help?

• Full date-sensitive Employee Appraisal creation and tracking in the solution

• Employee Training Event Management (Internal, External, other)• Employee Qualification Tracking and On-line Analysis tools in the

application• Built-in simple HR Job Evaluation process (potentially HR Position?)• HR Position Default hours of Work vs. Employee Work hours Analysis• **NEW** Attendance Plan functionality for Entitlement and Absence

tracking• Potential solution to manage compensation costs through more

effective forecasting of Compensation related costs during the fiscal(Budget) year.

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Compensation Forecasting – How can I do this?

Forecast Salary Costs to allow you to manage/control them

Automatically load information about current employees

Temporarily on-board employees to Forecast before their HR Requisition has been procssed

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Compensation Forecasting – Sample Header

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Compensation Forecasting – Sample Forecast Line

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Compensation Forecasting – Sample Forecast Line

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Compensation Forecasting – Sample Forecast Line

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Compensation Forecasting – Sample Report

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Yo u a s ke d . . . w e l i s t e n e d !

NEW FUNCTIONALITYANNOUNCEMENT

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We are pleased to announce that the feature you’ve all been asking for to automate your Pay Structure Grid Details is coming soon! Our Product Team have confirmed that they will be adding new functionality to allow you to apply % or Flat increases across the board to pay structures automatically when you are using the SPARKROCK Advanced Position Management Functionality! Watch for up-coming release feature announcements to see when you will be able to take advantage of this great new feature!!

AWESOME!!!!

Coming Soon to a Desktop near you!!

https://altusaha.io/

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Quest ions?

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EVALUATIONSP L E A S E TA K E 5 M I N S T O C O M P L E T E A S E S S I O N E VA L U AT I O N .

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THANK YOU FOR LISTENING

@ S PA R K R O C K I N CW W W. S PA R K R O C K . C O

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