Transcript Document 7185348

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Total Rewards /Total Compensation
Indy Bains
HCM Sales Consultant
Agenda
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Business Climate
Total Rewards
Business Challenges
Oracle Solutions
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Business Climate
Have You Heard?
Total Reward Solutions Provide…
 Strategic Planning
 Salary Equity
 Flexible Offerings – Work/Life Balance
 Pay For Performance
 Alignment With Objectives
 Employee Engagement
 Employee Value
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Total Rewards
Total Rewards…
“Anything of value used to
attract, retain, or motivate
workers”
Global Total Rewards Strategy…..
Organization
Culture
Business
Strategy
TOTAL REWARDS
STRATEGY
Compensation
Benefits
Work / Life
Performance &
Recognition
Human
Resources
Strategy
Source: WorldatWork
Development &
Opportunities
Attract
Motivate
Retain
Employee
Business
Satisfaction &
Engagement
Performance
& Results
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Business Challenges
Business Pressures
Workforce Demand
• How can I attract the right talent
at the least cost?
• How can I determine the right
compensation package?
• How can I retain my best?
Strategy
Manage Processes
• How can I effectively manage
high volume as well as
individual processes?
• How can I make real-time as
well as future changes?
Allocate
Balance Goals
• How can I align compensation
with organization and employee
objectives?
• How can I comply with legislation
and contractual commitments?
• How can I optimize performance?
Process
Environmental/Geographical
Challenges
• How can I structure conditionbased rewards?
• How can I manage globally?
What It Takes to Attract, Retain and Engage Employees…
At a Glance…
Top 10 Global Drivers of…..
Attraction –
Recruiting the Right People
Retention –
Keeping the Best People
Engagement –
Securing Discretionary Effort
Competitive Base Pay
Organization Retains People W/ Needed
Skills
Opportunities To Learn and Develop
New Skills
Work/Life Balance
Satisfaciton w/ Organization’s People
Decisions
Improved My Skills & Capabilities
Over The Last Year
Challenging Work
My Manager Understands What Motivates
Me…
Reputation Of Organization
Career Advancement Opportunities
Balance Work and Personal Life
Input into Decision Making in my
Department
Salary Increases Linked To Performance
Reputation Of Organization
Organization Focuses on Customer
Satisfaction
Learning & Development
Opportunities
Low – or No-Stress Work Environment
Salary Criteria Are Fair and
Consistent
Reputation Of Organization
Opportunities to Learn & Develop
New Skills
Good Collaboration Across Units
Competitive Retirement Benefits
Retirement Benefits That Meet My
Needs
Appropriate Amount of Decision-Making
Authority To Do My Job Well
Caliber Of Coworkers
Fairly Compensated Compared To
Others Doing Similar Work In
Senior Management Acts to Ensure
Organization’s Long-Term Success
Organization Financial
Organization Effectively Communicate
Career Opportunities
Senior Management Interest in Employee
Well-Being
Source: Towers Perrin
Strategic Total Rewards
Finding the ‘Right’ Balance
Employee
Objectives
Organization
Objectives
“A modern Compensation plan needs to have several
components that balance the needs of attracting and
maintaining a competitive workforce and the financial
resources and priorities of the business.”
Matt Filos
Director, LTM Operations and Control,
Merrill Lynch
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Oracle Solutions
Integrated Total Rewards LifeCycle
Talent
Planning
Measure &
Report
Recruiting
Analyze
Plan
Incentive
Compensation
Performance
Management
Reward
Compensation
Talent
Total
Profile
Rewards
Advance
Evaluate
Develop
Career Planning
Benefits
Learning & Development
Integrated Total Rewards LifeCycle
Talent
Planning
Assess
& Communicate
Recruiting
Analyze
Plan
Incentive
Compensation
Performance
Management
Reward
Total
Rewards
Advance
Evaluate
Develop
Career Planning
Compensation
Benefits
Learning &
Development
Integrated Total Rewards LifeCycle
Relocation
Talent
Planning
Sign On Bonus
Assess
& Communicate
Recruiting
Analyze
Market
Salary
Survey
Plan
Incentive
Compensation
Performance
Management
Reward
Total
Rewards
Advance
Evaluate
Develop
Career Planning
Compensation
Benefits
Learning &
Development
Integrated Total Rewards LifeCycle
Talent
Planning
Assess
& Communicate
Recruiting
Analyze
Plan
Performance
Management
Incentive
Compensation
Reward
Total
Rewards
Advance
Management
By Objectives
Evaluate
Develop
Career Planning
Compensation
Benefits
Learning &
Development
Integrated Total Rewards LifeCycle
Talent
Planning
Assess
& Communicate
Recruiting
Analyze
Plan
Incentive
Compensation
Performance
Management
Reward
Total
Rewards
Advance
Evaluate
Develop
Career Planning
Compensation
Job
Promotions
Benefits
Professional
Credentials
Learning &
Development
Tuition
Reimbursement
Integrated Total Rewards LifeCycle
Talent
Planning
Assess
& Communicate
Recruiting
Analyze
Plan
Performance
Management
Incentive
Compensation
Reward
Merit Increase
Total
Rewards
Advance
Compensation
Evaluate
Develop
Career Planning
Step Increase
Benefits
Benefits
Learning &
Development
Integrated Total Rewards LifeCycle
Total Rewards
Statement
Metrics &
Reports
Talent
Planning
Assess
&
Communicate
Recruiting
Analyze
Incentive
Compensation
Plan
Performance
Management
Reward
Total
Rewards
Advance
Compensation
Evaluate
Develop
Career Planning
Benefits
Learning &
Development
Integrated Total Rewards LifeCycle
Relocation
Total Rewards
Statement
Metrics &
Reports
Sign On Bonus
Talent
Planning
Assess
& Communicate
Recruiting
Analyze
Plan
Incentive
Compensation
Merit Increase
Market
Salary
Survey
Performance
Management
Reward
Total
Rewards
Advance
Compensation
Evaluate
Management
By Objectives
Develop
Career Planning
Step Increase
Benefits
Benefits
Professional
Credentials
Learning &
Development
Job
Promotions
Tuition
Reimbursement
Total Rewards Solution Components
Decision Support
Flexible,
complete,
integrated
Corporate
Policy
Embedded
Analytics
Knowledge
Collaboration
Process Management
Best Practice
Process
Templates
Common
Security
Approvals
Workflow
Business Practices
‘Feels like home’
Portal
Partner
Integration
Process
Manual
Integrated
Automation
Activities Data Model
Better Business Decisions In Action…..
Analyze the Data
Drilldown to
Transaction Data &
Other Metrics
Enter Data
Communicate Total
Compensation
Integrated Total Rewards
Strategic Advantages
 Best Business Practices
 Business Intelligence
 Integrated Business Processes
 Embedded Decision Aids
 #1 HCM application
 Single Sign-on
 Same User Experience
 Integrated Data Model
 Consistent Communications
 Unified Security and Approvals
Effective Total Rewards programs
produce a…
Satisfied and Engaged
Workforce
Improve Company Performance
And Increase the Bottom Line
Customer Success Profile
COMPANY OVERVIEW
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Retail Industry
Location: Texas
The largest retailer of arts and craft materials
40,000 employees
CHALLENGES/OPPORTUNITIES
• Single source of workforce information
• Strong “Talent Management” functionality
• Configuration flexibility to automate compensation
eligibility and calculations
ORACLE E-BUSINESS SUITE
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Human Resources
Advanced Benefits
Self-Service
Talent Management
•Performance Management
•Compensation Workbench
•Learning Management
RESULTS
• Automate via self-service key HR processes to
server over 900 stores in US and Canada
• Eliminate over 180,000 faxes per year for HR
processing
• Equip store managers with self-service and
information to better manage workforce
• Tightly link performance evaluation to reward by
leveraging Oracle’s integrated “Talent
Management” processes
• Automate processes and controls for positions,
pay rates, appraisal/ merit process
• Positively impact bottom-line by reducing #1
expense - Payroll
Customer Success Profile
COMPANY OVERVIEW
• High Technology Industry
• Location: Boston, MA
• 850 employees
CUSTOMER QUOTE:
“Mercury Computer has been able to lower compliance costs,
increase service quality and lower IT maintenance costs across
the many divisions.”
WHY ORACLE?
• Oracle is a partner in understanding business and
functional needs
• Greatest amount of functionality for long-term growth
• Exceptional reporting capabilities
Steve Nigzus
CIO
Mercury Computer Systems
RESULTS
ORACLE E-BUSINESS SUITE
 Increased employee base by 50% while maintaining
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same administrative staff size
 Consolidated four systems into one integrated solution
 Compensation Workbench allows them to assess
information, report progress and identify issues in real
time
 Reduced compliance costs, increased service quality
and lowered IT maintenance costs across the many
divisions
Human Resources
Advanced Benefits
Self-Service
Compensation Workbench
Time and Labor
Customer Success Profile
Cree Goes High Tech with Oracle HRMS
COMPANY OVERVIEW
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Semiconductor Industry
$423 Million in Revenue
1,700 employees
Based in Durham, North Carolina
CHALLENGES/OPPORTUNITIES
• Transition users from call center dependency to self-service
technology as the primary delivery method for HR support
• Reduce the use of spreadsheets to update and maintain
sensitive salary and performance data
• Implement a corporate wide merit and stock options planning
system with consistent processes
• Reduce the duplication of effort associated with updating static
information sources
• Decrease dependency on instructor-led training as the primary
training vehicle
• Implement a learning solution to meet employee development
requirements and extend benefit offerings via internet-based
learning
RESULTS
• Reduced HR administrative tasks and
improved the quality of employee data
• Leveraged Oracle to consistently
manage complex benefit plans and
provided a professional open
enrollment experience for users
• Enabled remote learning, competency
management and reporting in a single
instance
• Simplified salary, merit and stock
awards through the flexibility and
robustness of Compensation
Workbench
ORACLE E-BUSINESS SUITE
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Human Resources
Advanced Benefits
Self Service (including Compensation Workbench)
Learning Management
Source: Xcelicor
February 2007
Demo
Relocation
Total Rewards
Statement
Metrics &
Reports
Sign On Bonus
Talent
Planning
Assess
& Communicate
Recruiting
Analyze
Plan
Succession
Planning
Merit Increase
Market
Salary
Survey
Performance
Management
Reward
Total
Rewards
Advance
Compensation
Evaluate
Management
By Objectives
Develop
Career Planning
Step Increase
Benefits
Benefits
Professional
Credentials
Learning &
Development
Job
Promotions
Tuition
Reimbursement
Total Compensation Statement
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Functional Overviews
Compensation Workbench
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Functional Overviews
Oracle Incentive Compensation