Defining Talent Management

In Today’sWorld

Brad DugganRegional Sales Manager, Cornerstone On Demand

Topics

• Defining Talent Management• Why Practice Talent

Management?• Facts and Figures Behind a

Talent Management Culture

DefiningTalent

Management

Traditional Employment vs.Talent Management Focus

• Traditional Employment Focus• Skills and Education• Duties and Responsibilities• Some Characteristics (strength, repetitive, endurance, etc.)• Experience

• Talent Management Focus – Traditional + More Scrutiny • Traits• Behavior • Talent

EMPOWERING PEOPLECornerstone & Cornerstone OnDemand are registered trademarks of Cornerstone OnDemand, Inc. Cornerstone OnDemand ©2010

Why Now?

7

Driver 1

Driver 2

Driver 3

Why Talent

Management?

Typically, we are hearing 50-60% of academic budgets are being spent on compensation (including fringe benefits) which includes:

• Faculty• Staff• Wage employees • Graduate teaching & research assistants

Source: http://www.virginia.edu/finance101/answers.html

Cost of Employee Turnover• SCARY: It may cost as much as 150 percent of the salary to replace a management position.

(The Average Cost to Hire a New Employee).

• SHRM, estimated that it costs $3,500 to replace one $8.00 per hour employee when all costs — recruiting, interviewing, hiring, training, reduced productivity, et cetera, were considered.

(What Employee Turnover Really Costs). 

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Now that we looked at the numbers, why does employee development matter so much in Higher Education?

WHO

WHAT

WHERE

WHEN

HOW

Work is Changing

The New Workforce: MILLENNIALS

IN 2020 HALF OF OUR WORKFORCE

WILL BE MILLENNIALS

50%

17

Demands of the New Workforce

TRAINING &DEVELOPMENT

FLEXIBLE HOURS

CASHBONUSES

FREEHEALTHCARE

MOREVACATION

1

FREECHILDCARE

2

3

456

PROCESS ANDAUTOMATION

HR Needs Have Changed

INTERACTION AND COLLABORATION

“It’s very difficult for most state agencies to get some of the better employees because certain government positions don’t pay as much as private industry jobs. With Cornerstone Learning, we’re showing candidates we’re willing to invest in them.”

– DENNIS HOLMAN, TRAINING MANAGER, SOUTH CAROLINA DEPARTMENT OF TRANSPORTATION

HowCan

Cornerstone Help?

One solution to recruit, train, manage, develop, and connect your employees.

Unified Talent Management

1. CORNERSTONE RECRUITING

2. CORNERSTONE ONBOARDING

3. CORNERSTONE CONNECT

4. CORNERSTONE LEARNING

5. CORNERSTONE PERFORMANCE

6. CORNERSTONE COMPENSATION

7. CORNERSTONE SUCCESSION

1 – User Experience

1 – Upgrade Path

1 – Support Team

1 –Reporting Engine

Ellucian Talent Management Partnership Beyond Technology

The Power of Partnership

PLATFORM

THANK YOU!