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As the economy begins to recover from a global recession, we find ourselves in a period of accelerated growth; one that presents an opportunity to drive change, not just react to it. Whether you want to gain on your competitors, or remain a leader in your market, proactively re-engineering your company strategy can boost your competitive edge and future-proof your business’ success. For any strategy to be successful, your most top talent must become in sync with your top strategic goals. Is your organization equipped with the tools to align your key talent, so that they can rise up to meet new challenges and spearhead the organization towards new heights of success? Join Chuck Frosst as he discusses some of the HR trends affecting goals and performance within organizations, followed by Raagi Pandya who examines the evolution of the goals and performance management process. Jon Druker then gives a live solution demonstration that illustrates how Nakisa® Goals & Performance™ streamlines goal alignment and the performance appraisal process so that you can focus on developing your top talent and calibrating their efforts to support your company’s most important vision. Watch to the webinar recording to find out how to: Establish goals for your workforce that are aligned with your company's targets Align the right talent to the right challenges so your most important strategic objectives are supported Visualize and track goal assignments to ensure the successful completion of important objectives on time Gain cross-departmental visibility on goals so that leaders can dramatically reduce redundancy Foster employee engagement, and ultimately enhance retention
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#AlignTopTalent© 2014 Nakisa Inc. All rights reserved. 1
Wednesday, September 3, 2014
10:00 a.m. – 11:00 a.m. ET
The secret ingredient to success:Aligning your talent with your strategic objectives and engaging them in the business
Chuck Frosst, Jon Druker, Raagi Pandya
#AlignTopTalent© 2014 Nakisa Inc. All rights reserved. 2
Your presenters
Chuck FrosstChief Operating Officer & HR Professional [email protected]
Raagi PandyaGlobal Director & HCM Evangelist [email protected]
Jon DrukerSenior Product Manager, Talent Management [email protected]
@NakisaInc
#AlignTopTalent
#AlignTopTalent© 2014 Nakisa Inc. All rights reserved. 3
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#AlignTopTalent© 2014 Nakisa Inc. All rights reserved. 4
Agenda
Trends impacting HCM
Goals and performance management: past and current
Nakisa® Goals & Performance™
Key takeaways and recommendations
Q & A
Trends impacting HCM
#AlignTopTalent© 2014 Nakisa Inc. All rights reserved. 6
The value of M&A is nearly 40% higher than in 2011
9/10 corporate executives said that transactions in the past two years have not generated their expected value
Mergers, Acquisitions & Divestitures
Sour
ce: F
orbe
s an
d Bl
oom
berg
#AlignTopTalent© 2014 Nakisa Inc. All rights reserved. 7Sour
ce: F
orbe
s an
d Bl
oom
berg
63% of HCM executives cite scarcity of critical talent as a top HCM pressure
82% of organizations are moderately effective at managing organizational change
Companies have to be more agile than ever, more focused and that includes the talent driving the organization
Agility
#AlignTopTalent© 2014 Nakisa Inc. All rights reserved. 8
Demographic Trends
Managing generational change and contingent workforce with different perspectives and attitudes towards HR processes is a key challenge
40% 50%6.3 x
Sour
ce: P
WC
and
Mas
habl
e
88% 72%
Millennials Collaborative work culture
Independence FreelancersCareer impatience
#AlignTopTalent© 2014 Nakisa Inc. All rights reserved. 9
Integration of talent, HR systems and technologies
Coaching and conversations
Collaboration and teamwork
Alignment of company goals
Employee expectations in the workplace
Focus on leaders throughout the business
HR Trends
#AlignTopTalent© 2014 Nakisa Inc. All rights reserved. 10
What does this mean for HCM processes and systems?
Processes Systems
Alignment of talent’s energy and effort
Increase the level of engagement
New disruptive processes for • Goal-setting• Performance management• Linking business strategies
to employees• Customer-centricity
Use and display aggregated data
Analytics to track and anticipate talent needs
Organizational data to model and verify effectiveness
Goals and performance managementPast and current
#AlignTopTalent© 2014 Nakisa Inc. All rights reserved. 12
Goals and Performance management trends
Past model Problems
12
34
5
Annual reviews
Time and effort intensive
Infrequent conversation
Forced ratings and bell curves
Not aligned with the business imperatives
Doesn’t drive employee
engagement
HR and business not aligned
Focuses on historical data
Conversations not timely
Don’t allow for real-time
adjustments
#AlignTopTalent© 2014 Nakisa Inc. All rights reserved. 13
Goals and Performance management trends
Problems
12
34
5
Doesn’t drive employee
engagement
HR and business not aligned
Focuses on historical data
Conversations not timely
Don’t allow for real-time
adjustments
Current model
Continuous conversations
Continuous and timely feedback
Employees driving their career
development
Collaboration and teamwork
Direct link between
employees and business outcomes
#AlignTopTalent© 2014 Nakisa Inc. All rights reserved. 14
Goals and Performance solutions What’s needed to get there?
• Connect employees to top strategic goals
• Allows for real-time, any-time input from stakeholders
• Ensures right talent is working on the right strategy
• Use collaboration and communication tools that lead to goal transparency for each employee
• Increase employee engagement by giving them direct access to career development
#AlignTopTalent© 2014 Nakisa Inc. All rights reserved. 15
Goals and Performance software solution Must-haves
Aggregation capabilities
Choice of deployment
Excellent user experience
Social-enabled
Mobile-enabled
Rich visualization and deep analytics
Access to real time data
Nakisa® Goals & Performance™
#AlignTopTalent© 2014 Nakisa Inc. All rights reserved. 17
Nakisa® Goals & Performance™Solution highlights
• Goal visibility and transparency top-down, bottom-up
• Alignment of the right talent to the business goals
• Ongoing goal assignment
• Real-time collaboration
Solution demonstration
@NakisaInc#AlignTopTalent
Key takeaways and recommendations
#AlignTopTalent© 2014 Nakisa Inc. All rights reserved. 20
Key takeawaysWhat Nakisa® Goals & Performance™ gives you
Aligned culture, process and people
Focus on strategic outcome-based goals
Greater employee engagement
Leveraging existing talent
Assurance that the right talent is aligned to the right challenges
Conversations
Alignment to business outcome
Coaching & development
Collaboration
Goal transparency
Leads to Enables you to have
#AlignTopTalent© 2014 Nakisa Inc. All rights reserved. 21
Summary of key features
Strategy-to-execution goal alignment and visualization
Frequent performance reviews and ongoing feedback
Integrated collaboration tools to foster employee engagement
Dashboard tools and KPIs to track goal progress
End-to-end integration with ERP systems
Chuck Frosst | Chief Operating Officer | Nakisa Inc. [email protected]
Jon Druker | Senior Product Manager, Talent Management | Nakisa [email protected]
Raagi Pandya | Global Director & HCM Evangelist | Nakisa Inc. [email protected]
Thank you! Questions?
@NakisaInc#AlignTopTalent
#AlignTopTalent© 2014 Nakisa Inc. All rights reserved. 23
Next Steps…
CONNECT with us on Twitter, LinkedIn, Facebook, YouTube, and Google+ for the latest news & events.
WATCH The organizational and talent management demo sneak peeks videos http://www.youtube.com/user/Nakisainc?feature=watch
BOOK a personalized product demonstration: [email protected]
VISIT the Nakisa Resource center for on-demand webinars, solution briefs, case studies, whitepapers & more. http://www.nakisa.com/resources.htm
VISIT the Nakisa Talent Management webpage.
http://www.nakisa.com/solutions/solutions-overviews/org-management.htm
@NakisaInc#AlignTopTalent
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