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Defining Talent Management In Today’s World

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.

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Defining Talent Management In Today’s World

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  1. Defining Talent ManagementIn Today’sWorld Brad DugganRegional Sales Manager, Cornerstone On Demand

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

  3. DefiningTalent Management

  4. 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

  5. Why Now? • Driver 1 • Driver 2 • Driver 3

  6. Why Talent Management?

  7. 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

  8. SCARY: It may cost as much as 150percent of the salary to replace a management position. (The Average Cost to Hire a New Employee). SHRM, estimated that it costs $3,500to 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).  Cost of Employee Turnover

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

  10. Proportion of the population aged 60 years+

  11. Proportion of the population aged 60 years+

  12. Work is Changing WHO HOW WHERE WHAT WHEN

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

  14. Demands of the New Workforce 1 2 3 4 5 6 FREE CHILDCARE MORE VACATION FREEHEALTHCARE CASHBONUSES FLEXIBLE HOURS TRAINING &DEVELOPMENT

  15. Proportion of the population aged 60 years+

  16. Proportion of the population aged 60 years+

  17. Proportion of the population aged 60 years+

  18. Proportion of the population aged 60 years+

  19. HR Needs Have Changed INTERACTION AND COLLABORATION PROCESS ANDAUTOMATION

  20. 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

  21. HowCan Cornerstone Help?

  22. 1. CORNERSTONE RECRUITING 2. CORNERSTONE ONBOARDING 3. CORNERSTONE CONNECT Unified Talent Management 4. CORNERSTONE LEARNING One solution to recruit, train, manage, develop, and connect your employees. 5. CORNERSTONE PERFORMANCE 6. CORNERSTONE COMPENSATION 7. CORNERSTONE SUCCESSION

  23. The Power of Partnership Ellucian Talent Management Partnership Beyond Technology 1 – User Experience 1 – Upgrade Path 1 – Support Team 1 –Reporting Engine PLATFORM

  24. THANK YOU!

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