empowering and engaging millennials with nakisa's talent solutions
DESCRIPTION
Join Chuck Frosst and Jon Druker as they discuss upcoming workforce trends and demographic changes, and suggest how to prepare your business for the upcoming human capital evolution. In the 60-minute session, Chuck and Jon answer questions such as: - Who are Millennials and how will they impact your business? - How can your organization get ready for workforce changes? - What are the enablers to engage your new workforce and align it with your business goals? - How can Nakisa’s business solutions improve employee retention and performance? - What are the benefits of running Nakisa’s business solutions?TRANSCRIPT
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700+ enterprise customers
subscribers4M+
Available in
languages
18
Utilized in
125 countries
Caters to
24+ industries
Providing solutions since 2001
Headquartered in Canada
Leader in Human Capital and Financial Management
Solutions
@NakisaInc
#NakisaMfactor
#NakisaMfactor© 2014 Nakisa Inc. All rights reserved. 2
Thursday, November 20, 2014
Empowering and engaging millennials with Nakisa’s talent solutions#NakisaMfactor
Webinar
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Your presenters
Chuck Frosst
Chief Operating Officer & HR Professional [email protected]
Jon Druker
Senior Product Manager, Talent Management [email protected]
@NakisaInc
#NakisaMfactor
#NakisaMfactor© 2014 Nakisa Inc. All rights reserved. 4
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Type your questions here
Control panel
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Agenda
Key workforce trends
Goals and performance management: transition to the new workforce
Nakisa® Goals & Performance™
Key takeaways and recommendations
Q & A
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The C-Suite’s top 3 business priorities
Growth at the top of the agenda
1. Increasing enterprise growth
2. Delivering operational results
3. Reducing enterprise costs
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01
02
03
04 05
60%concern over new market entrants
82%of change is ineffective
1 in 2post-merger
integrations fail
$450bnprice-tag for
disengaged employees
93% of talent strategies
need to change
What are the underlyingchallenges and why?
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Key workforce trends
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Demographic Trends
Managing generational change and contingent workforce with different perspectives and attitudes towards HR processes is a key challenge
50%6.3 x
So
urc
e: P
WC
an
d M
ash
ab
le
88% 72%
Millennials Collaborative work culture
Independence FreelancersCareer impatience
50%
Key Workforce Trends
Halfof employers
are already accepting internship applications
from “Gen Z”
Are you prepared?
Key Workforce Trends
Do you have good succession planning?
As many as 63.3%of baby boomers in executive
roles will be eligible for retirement in the next five years
Key Workforce Trends
How social is your company?
71% of Millennials
want their colleagues tobe like “second family”
Key Workforce Trends
38%of the workforce
is already managed by Millennials
Are you prepared?
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POLL
Goals and performance managementTransition to the new workforce
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How do the millennials affectHCM processes and systems?
Processes Systems
Alignment of talent’s skills, energy and effort
Increase the level of engagement
New disruptive processes for • Goal-setting• Performance management• Linking business strategies
to employees for greatest impact
• Customer-centricity
Use and display aggregated data
Analytics to track and anticipate talent needs
Organizational data to model and verify effectiveness
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Goals and Performance Affecting your talent
Past model Problems
12
3
4
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
Misalignment jeopardizes retention
Focuses on historical data
Conversations not timely
Doesn’t allow for real-time
adjustments
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Goals and Performance management trends
Problems
12
3
4
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
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What’s needed to connect with millennials
• Connect employees to top strategic goals – and to other employees
• 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 and cooperation
• Increase engagement by giving them direct access to career development
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POLL
Nakisa® Goals & Performance™
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Nakisa® Goals & Performance™Solution highlights
• Goal visibility and transparency top-down, bottom-up
• Alignment of the right talent to the business goals
• Adapt and modify goals as needed
• Real-time collaboration
• Employees see they have an impact on the organization
Solution demonstration
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Key takeaways and recommendations
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What Nakisa® Goals & Performance™ gives you…
Key takeaways
Aligned culture, process and people
Focus on strategic outcome-based goals
Greater employee engagement
Greater employee retention
Right talent is aligned to right challenges
Conversations
Alignment to business outcomes
Coaching & development
Collaboration
Goal transparency
Leads to Enables you to have
Chuck Frosst | Chief Operating Officer | Nakisa Inc.
Jon Druker | Senior Product Manager, Talent Management | Nakisa Inc.
Thank you! Questions?
@NakisaInc
#NakisaMfactor
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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]
RECEIVE Millenniopedia and the
Workforce 2020 factsheet courtesy of Nakisa for attending this Webinar.
VISIT the Nakisa Talent
Management webpage.
http://www.nakisa.com/solutions/solut
ions-overviews/org-management.htm
@NakisaInc#NakisaMfactor
700+ enterprise customers
subscribers4M+
Available in
languages
18
Utilized in
125 countries
Caters to
24+ industries Providing solutions
since 2001
Headquartered in Canada
Leader in Human Capital and Financials
Management Solutions