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Integrated Talent Management 1 © 2007 KBACE Technologies, Inc. Agenda • Introduction • The War for Talent • Point Solution Viability • Strategies for Winning the War for Talent • How can I tell how I am doing? (Business Intelligence) 2 © 2007 KBACE Technologies, Inc. The Perfect Storm for Integrated Talent Management Impending Talent Shortage Point Solution Viability Comprehensive eBusiness Suite Offering 3 © 2007 KBACE Technologies, Inc. Leadership How to Fill the Talent Gap By DOUGLAS A. READY and JAY A. CONGER September 15, 2007; Page R1 It's no secret that global companies are finding it harder to fill critical jobs these days. They're struggling to land top recruits in emerging markets, for instance, and haven't prepared people in their own ranks to step seamlessly into management slots. Companies are racing to find solutions, but most of them are making a crucial error: They're treating these problems as separate issues. At most multinationals, a host of problems in recruiting and developing talent are converging to create a perfect storm -- a crisis that could derail the company's growth strategies. To meet the challenge, companies must rethink how they hire, train and reward their employees, placing those tasks at the heart of their business plans. In doing so, they have an opportunity to address all these separate problems with a unified plan, rather than waste time and resources attacking each of the issues individually. 4 © 2007 KBACE Technologies, Inc. The Impending Talent Shortage 5 © 2007 KBACE Technologies, Inc. Everyone is concerned about talent. 6 © 2007 KBACE Technologies, Inc. Baby Boomers retiring… 7 © 2007 KBACE Technologies, Inc. Higher Education Flat Lining 8 © 2007 KBACE Technologies, Inc. Equal Shortage of Skilled Workers 9 © 2007 KBACE Technologies, Inc. Point Solution Viability 10 © 2007 KBACE Technologies, Inc. Point Solution Viability 11 Recruitmax (now Vurv) buys CCH KnowledgePoint Workstream buys PeopleView Authoria buys Advanced Information Management Resumix acquired by Yahoo and now no longer supported. iSearch out of business Restrac became Web Hire. Web Hire was acquired by Kenexa Personic went out of business and became Xperius Xperius was later acquired by UniCru UniCru was then aquired by Kronos Hire.com was acquired by Authoria BrassRing was acquired by Kenexa © 2007 KBACE Technologies, Inc. …….and it Continues On July 1st, 2008 Taleo acquires Vurv 12 © 2007 KBACE Technologies, Inc. Comprehensive eBusiness Suite Offering 13 © 2007 KBACE Technologies, Inc. Gartner: What To Expect From Your System 14 © 2007 KBACE Technologies, Inc. Compensation Solutions Learning Management Succession Planning Career Planning Performance Management iRecruitment HR Intelligence/DBI Collaboration Suite Portal, HR Intelligence, Web-based Self-Service Applications User Productivity Kit Business Process Modeler Oracle EBS Talent Management Suite A Comprehensive Talent Management System Competency/Profile Management Integration – Single Sign On, Workflow, Warehouse Core HRMS 15 © 2007 KBACE Technologies, Inc. Strategies for Winning the War for Talent 16 © 2007 KBACE Technologies, Inc. In the War of Talent….. Retention is your best Weapon 17 © 2007 KBACE Technologies, Inc. Strategies for Winning 1. Give employees the tools they need to tell you what they know. - Track Skills/ Competencies Track Education and Qualifications Tool to create a “Working Resume” Search Agents to proactively notify of new Openings 2. Give Recruiters the tools they need to find who is the best fit. - Suitability Matching Candidate Pool that includes BOTH Internal and External sources. Assessments Blended search of Structured and Keyword Search Agents to proactively notify of new Candidates 3. Streamline the New Hire/On Boarding process. 18 © 2007 KBACE Technologies, Inc. Demo 19 © 2007 KBACE Technologies, Inc. 20 © 2007 KBACE Technologies, Inc. 21 © 2007 KBACE Technologies, Inc. 22 © 2007 KBACE Technologies, Inc. 23 © 2007 KBACE Technologies, Inc. 24 © 2007 KBACE Technologies, Inc. 25 © 2007 KBACE Technologies, Inc. How can I tell how I am doing? 26 © 2007 KBACE Technologies, Inc. Summary Business conditions and labor markets require a focus on talent management via a comprehensive and well-executed HCM strategy HCM technology plays a key role to deliver an integrated talent management strategy • Single, enterprise-wide system with a competency foundation • Integrated programs and business processes • Business intelligence Development and execution of Talent Management is accomplished in multiple phases, and every firm is at a different point 27 © 2007 KBACE Technologies, Inc.