The right talent pool, clear job definition, and timely delivery lead to higher performance and productivity of enterprises. The talent cycle begins by attracting suitable people, nurturing them in their roles, and defining a path for growth. It also involves developing and implementing smart retention strategies and motivating the existing talent pool.
In the entire process of ‘Hire to Retire’, talent lifecycle management plays a major role in providing career fulfillment and job satisfaction to resources.
According to a survey by Statista, 88% of organizations in 2019, reported that they have already adopted time and attendance workforce management applications. During the same survey, 40% of organizations stated that they also experienced functionality gaps in applying talent management processes.
Effective talent management requires a balanced approach that combines the traditional human resource management while giving employees the knowledge they need, in a preferred format. Now this will help improve workforce productivity, software adoption, and overall end-user experience.
SAP SuccessFactors is a cloud-based software application that supports a range of HR activities right from core HR processes and payroll to talent management, workforce planning and employee experience management. These solutions help businesses hire the best candidates, engage efficiently with the existing employees, develop their skills, and ensure that every employee is rewarded and valued.
SuccessFactors offers a comprehensive HCM suite that can help transform several business strategies into quantifiable outcomes by simplifying HR processes and improving employee engagement. Gemini Consulting & Services can help provide extraordinary talent management solutions by implementing SuccessFactors. Contact us to know how SuccessFactors can be used to retain and nurture the talent pool.
SAP SuccessFactors gives HR teams the required visibility and insight to manage performance, and identify, train, develop and retain talent at every level with ease. This will help the HR department to anticipate and bridge talent gaps in the organization. Businesses using SAP SuccessFactors are armed with one of the strongest integrated suites available to hire and manage resources. Let us now look at how the application can be put to best use.
1. Leveraging the Right Tools to Manage Employee Journeys
The Recruiting tool matches both internal and external talent to available job openings in an enterprise. This enables existing employees to look for better or more suitable opportunities internally. Further, HR managers can use the Onboarding tool to help new employees prepare for their first day, which can help lower anxieties about a new job, and acclimatize them to the company culture, thereby ultimately assisting in retention.
The Succession & Development tool helps create career paths and employee development plans and along with the Learning tool, these development objectives can assist employees to obtain the required skills for career growth within an organization. The Performance & Goals tool measures performance and identifies new areas of personal development among resources.
2. Managing Processes with Homepage Tiles
One of the best advantages of the home page tiles on SuccessFactors is the ability to use HTML coding to present anything to customers. This enables administrators to create custom tiles and add them to the SuccessFactors home page. Custom tiles can also be created using an easy step-by-step configuration wizard. Further, IT administrators can set up standard /custom tiles, providing employees with notifications, reminders, information, links, etc to assist with the talent management process.
To-Do tiles give visual reminders and statuses on talent processes and the My Team tile offers a view of team summary information. Managers can use tile functionality to view and manage a team and handle bonuses.
3. People Profile to Track Workforce Attributes
People Profile is the new version of Employee Files which is responsive. This means when users switch from their laptop to iPad, mobile or the website, it automatically accommodates for resolution and image size leading to smooth navigation and an excellent user experience.
The feature lists an employee and the entire set of related information that helps managers and HR to handle people and their skills, interests, and experience. It also lists insights as to where the person fits within the interactive organizational chart using self-services. The basic details are populated automatically and managers are free to use self-services to update information on their team.
4. Set Clear and Attainable Organizational Goals
Assigning goals to employees helps them to focus and provides direction to grow personally, and on the job. It helps support the organization by aligning personal goals with organizational goals, thereby, improving efficiency and enhancing personal development.
5. The SuccessFactors Mobile App
The mobile app offers real-time, on-the-go access to talent processes right from onboarding new employees, managing employee learning and training, or managing a continuous performance management process. Administrators can set up urgent notifications while users can act through the app.
6. Gain Advantages of Analytics
With the new People Analytics tool, creating and viewing various charts, key performance indicators and analytics becomes easy. Administrators can create custom reports and templates while managers and HR can use in-page analytics that exists across the suite of modules.
7. Cross-Module Features
Presentations, Talent Search, and Job Profile Builder are among some features that are not attached to any particular module but can add value across other talent modules. Admins can create interactive talent presentations that display data from the system in real-time. Job Profile Builder provides a structure to build job profiles and the elements that are used across company profiles, such as job requirements, experience, responsibilities and skills.