Defining Talent Management In Today’s World Brad Duggan Regional Sales Manager, Cornerstone On Demand.

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Presentation transcript:

Defining Talent Management In Today’s World Brad Duggan Regional Sales Manager, Cornerstone On Demand

Topics Defining Talent Management Why Practice Talent Management? Facts and Figures Behind a Talent Management Culture

Defining Talent 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 PEOPLE Cornerstone & 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:

Cost of Employee Turnover

11

Proportion of the population aged 60 years+ Now that we looked at the numbers, why does employee development matter so much in Higher Education?

Proportion of the population aged 60 years+

WHO WHAT WHERE WHEN HOW Work is Changing

The New Workforce: MILLENNIALS The New Workforce: MILLENNIALS IN 2020 HALF OF OUR WORKFORCE WILL BE MILLENNIALS 50 %

17 Demands of the New Workforce TRAINING & DEVELOPMENT FLEXIBLE HOURS CASH BONUSES FREE HEALTHCARE MORE VACATION 1 FREE CHILDCARE

Proportion of the population aged 60 years+

PROCESS AND AUTOMATION HR Needs Have Changed INTERACTION AND COLLABORATION

Proportion of the population aged 60 years+ “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

How Can 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 Ellucian Talent Management Partnership Beyond Technology The Power of Partnership PLATFORM

THANK YOU!