How to Be a Respected and Successful CHRO

Visier

Do you see yourself becoming a respected and successful CHRO one day? A report by Harvard Business Review Analytic Services reveals that the “new” CHRO must be an assertive, data-driven, strategic leader, who demonstrates business creativity and innovation, takes on responsibility for contributing directly to business performance, and arms their organization with the tools needed to be more fact-based in workforce decision-making. Today’s CHRO Must Look Beyond HR.

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Delving Into Data

HRO Today

Three organizations share how they use people data and analytics to amplify business strategy. People analytics” has been a hot catchphrase in the business world for years, with data promising to revolutionize recruiting, talent management, and myriad other HR processes. But while organizations have embraced data collection and reporting, data analysis remains in its infancy for all but the most sophisticated companies.

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Giving a voice to the voiceless with technology

The Aristocracy of HR

Featured HR Technology Sponsored Post Talent Management #TAOHR Ask Czarina Live Big Data CHRO Employee Sentiment Employee Surveys Employee Voice Giving a voice to the voiceless with technology HRIS Human Resources Janine N. Truitt Perception Retention Succession Planning Talent Think Innovations Technology The Aristocracy of HR Ultimate Software UltiPro UltiPro Perception Workforce Planning000020000010Campaign/FTC disclosure: This is a sponsored product review.

Finding Meaning in Data

HRO Today

A people analytics strategy that draws data from all segments of the business is key to effective workforce planning and management. For such a data-rich function, HR can seem behind the curve when it comes to making the most of the numbers it records about the workforce.

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Think You Know Your Total Cost of Workforce? Think Again.

Visier

Do you have a detailed and accurate understanding of your total cost of workforce (TCOW)? This is because, in too many organizations, just finding the data can take several months, and as a result, this kind of overwhelmingly large project is only considered when it can no longer be avoided.

The Rise of the People Strategy Platform

Visier

Management consultant Ram Charan, McKinsey & Co global managing director Dominic Barton, and Korn Ferry vice chairman Dennis Carey have gone so far as to recommend (in their HBR article, People Before Strategy ) that “the CEO should create a triumvirate at the top of the corporation that includes both the CFO and the CHRO” that “makes the connection between the organization and business results.”.

Could HR be the most data driven function?

HR Digest

They include: people, data-driven analytical decision-making, and showing how their actions directly impact strategic goals at the end of the day. Historically, HR executives and practitioners have faced insurmountable challenges from lack of data. This competitive urgency to utilize HR analytics isn’t new; however, in the past five years there has been a dramatic increase “data-driven equals high business impact” school of thought. Workforce Productivity.

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Want Better Performance? Invite the CHRO into the C-Suite

SuccessFactors

Cloud Events Learning Performance & Goals Recruiting Strategic HR SuccessFactors Research Talent Management Thought Leadership Workforce Analytics & Planning big data cloud SAP Cloud successconnect SuccessFactors workforce analytics workforce planning At SAP and SuccessFactors, we talk with hundreds of senior HR executives every year.

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HR’s New Year Resolution: Move Up the Workforce Intelligence Maturity Curve

Visier

They are particularly powerful in scenarios where the path to business impact is less obvious, and so we often see them in process-heavy or data-heavy disciplines. While workforce analytics and workforce planning are increasing in priority , most organizations have not progressed to take advantage of the opportunity that workforce data provides. spreadsheets are the primary solution to share data. heavy manual effort is required to collect data.

Accenture’s CHRO Ellyn Shook on the Future Workforce

i4cp

It's our second report focused on creating the future workforce; we did one last year as well. For the first half, we took publicly available data that looked at what tasks were going to be fully automated in the future. And we asked people if they plan to go do this training—80 percent of them said yes. The research said the average is 75 percent, so it was really interesting to see how the reverse sampling of 40,000 people compare to what was happening in our own workforce.

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Why We Will All Love the New HR

Visier

But in a world where workforce costs dominate total operating expenses — averaging nearly 70% of costs — businesses can no longer afford to have HR take a backseat or keep to the status quo. . The Bureau of Labor Statistics has projected the need for over 1 million nurses in the workforce by 2022. An estimated 50 percent of the oil and gas industry’s workforce is set to retire in the next five to seven years, a phenomenon known as the Great Crew Challenge.

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How the Pandemic Amplifies Demand for Finance and HR Collaboration

Workday

Although the pandemic has been wreaking havoc on best-laid plans, it didn’t alter trends—instead, it accelerated them. That's hard to see clearly when you're in the midst of a crisis that we're in,” says Max Caldwell, principal with The Hackett Group, in the Workday-sponsored webinar, "How Finance and HR Leaders Partner to Strengthen the Workforce in Times of Crisis." Quantify Revenue-Generating Value of the Workforce.

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Be Courageous with People Analytics: Recap of Visier Outsmart 2018

Visier

Our annual people analytics and workforce planning conference, Visier Outsmart, has wrapped and we’re excited to share all that happened with you. “Be With people analytics and data-driven workforce planning both ever-evolving, HR and business leaders must continuously be fearless in their pursuit of innovation and change within their organizations. You can start strategic planning without doing the operational planning.

Remote Workforce Management: How to Adapt and Succeed

Workday

We closed offices worldwide amidst the pandemic and instituted mandatory work-from-home guidelines for most of our workforce. Around the globe, remote work is currently being tested at a scale never before imagined,” says Barbry McGann, executive director of the office of the CHRO for solution marketing at Workday. For example, one of our retail customers is using the announcements feature to reach every employee and share critical safety alerts to its entire workforce immediately.

Organizational Agility: Preparing Your Workforce for Change

Workday

The speed and dynamism of the global market, together with the emergence of machine learning and other data-driven technologies, puts the onus on businesses to ensure they remain nimble. Of those core capabilities, our study finds businesses are most proactive when it comes to building and skilling the future workforce. In the following sections, we take a look at why it pays to build—and keep—an agile workforce , and which skills will be critical to tomorrow’s winners. .

Leading in a disruptive world

HR Times

Four takeaways from the 2018 Next Generation CHRO Academy. The role of the CHRO has probably evolved more than any other C-suite role over the past 20 years. Fucci noted the CHRO’s top priorities to be leadership, culture, risk, and, above all, agility.

Organizational Agility and the CEO: Guiding the Business Through Digital Transformation

Workday

In the study, we found that there are five best practices that set the leaders apart: Continuous planning. They plan in a continuous, real-time manner, which gives them the speed, agility, and dynamism they need to innovate successfully. Building the future workforce. Leaders are much more likely than laggards to have plans to upskill the majority of their workforce and push specific initiatives to increase employee engagement. Continuous Planning.

How to Level the Playing Field For HR and Finance

Visier

Still, because people are hard to define only by numbers, CEOs want the CHRO to be a strategic talent advisor who can also speak the language of the business with hard data. According to the survey, the sought-after HR leader is: Data-Driven. 80% of executives agree their company cannot succeed without an assertive, data-driven CHRO, who takes a strong stance on talent issues and uses real-time facts to chart their talent strategy.

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Agile, Adaptable, and Innovative

HRO Today

To meet the challenge, HR leaders will need to reskill and upskill their workforce to operate in new ways post-pandemic and prepare for a future of even greater disruption. This can help scale a more data-driven landscape of current talent in the organization.

Leading in a disruptive world

Bersin

Four takeaways from the 2018 Next Generation CHRO Academy. The role of the CHRO has probably evolved more than any other C-suite role over the past 20 years. Fucci noted the CHRO’s top priorities to be leadership, culture, risk, and, above all, agility.

Performance Management in 2020: Key Tech Industry Insights

Reflektive

Tech firms also take a different approach to performance management, and incorporate more data into their decision-making and planning. The survey data indicated otherwise! Fewer Workforce Changes in the Tech Industry. Per the survey data, tech respondents were: 2.1X

3 Ways HR Leaders Can Add a Competitive Edge

Oracle HCM - Modern HR in the Cloud

The first is a focus on ‘what we’re spending’ and linking workforce performance and individual and team performance with how workforce plans address growth or change in the organisation, said Aaron Green, VP HCM strategy at Oracle. The third step is to develop rewards programmes that are tailored to different sectors of a workforce to positively impact attraction and retention of existing talent, Green said. “HR HR General Interest chro strategy value

CHROs and Collaboration

Strategic HCM

I’m pleased IBM have come round to recognising this need which contrasts to the conclusions in some of their previous reports, eg their 2008 human capital study which I also reviewed : IBM also believe that managing this kind of talent market requires a structured, analytical approach: “A more data-driven, fact-based method to hire, pay and reward top performers”. “If See this post on workforce planning – and on the need for more creativity too ).

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7 Skills HR Technologists Will Need in the Next Eight Years

Visier

Technology impacts all of us personally in how we communicate, make purchases, plan travel, find love, discover a great restaurant, or get a ride across town. These are the skills HR Technologists must posses in the next eight years: Innovative Reasoning Based on Data.

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The Best Way to Prove the Worth of the Talent Function

Visier

Great HR leaders understand this and can demonstrate how workforce dynamics impact business outcomes. This means that, in addition to considering human dynamics, the modern CHRO has the challenge of helping the company develop resource plans that are matched to financial expectations while delivering or exceeding desired business outcomes. Download the full Harvard Business Review report: The Changing Role of the CHRO. The Evolving Role of the CHRO.

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Secure the Right HR Business Partner Manager for the Future

Visier

This week, I do the same for the strategic and data-driven HR Business Partner Manager ( template available here ). they and the HRBPs they manage can also find the right talent interventions, based on data, to address these risks. I mine the data to bring to our meetings.

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The HR Leadership Revolution — Will You Thrive?

Visier

The workforce in the developed world and China is rapidly aging. Despite increasing automation, in the next 20 years there will be a serious shortage of skilled workforce everywhere. The changing workforce demographics require a more nimble and skilled approach to linking talent and business outcomes. Now more than ever, business leaders need strategic insight and the ability to model how workforce trends impact revenues and profits — quickly and accurately.

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6 Skills Every HR Technology Leader Must Develop Starting in 2017

Visier

Technology impacts all of us personally in how we communicate, make purchases, plan travel, find love, discover a great restaurant, or get a ride across town. Other HR practitioners are already beginning to ask themselves questions such as: How will engagement be impacted by robots joining the workforce? Innovative Reasoning Based on Data. The amount of data we collect is growing exponentially.

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Navigating AI’s expanding role in the world of HR

HRExecutive

The debate over artificial intelligence’s role in HR—from recruiting to workforce planning to performance—has become moot: There’s no doubt that AI has arrived and is expanding rapidly in the HR space. What is the appropriate ethical use of that data?”

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Your Can’t-Miss People Analytics Conferences of 2019

Visier - Talent Acquisition

Whether you’re just beginning your journey or looking to advance your practices, attending conferences is one of the best ways to accelerate the maturity of your data and analytics capabilities. Evanta CHRO Summit Series?. Evanta CHRO Inner Circle Dinner Series. HCI Workforce Planning and People Analytics Conference. People analytics is no longer a nice-to-have, but a must-have for all HR leaders.

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Chances Are You’re Buying Too Much Talent. It’s Time to Build and Borrow.

Degreed

People allocation is as powerful as financial allocation,” said Aon CEO Greg Case , whose close partnership with his CFO and CHRO ensures the company has the right talent to meet the challenges of the future. In this environment, strategic workforce planning is relegated to the trash bin.”.

How Talent Intelligence Gives Global Employers a Competitive Advantage

Eightfold

For companies that build their workforces from a global talent pool, though, recruitment and hiring take on exponential levels of difficulty. Global talent management means navigating country-level regulations, cross-cultural differences, language barriers, and a variety of approaches to data management. The right talent intelligence platform can help such companies establish data-driven hiring practices, streamlining much of the work that goes into building a global workforce. .

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8 Benefits of Using People Analytics

Visier - Talent Acquisition

But instead of analytics, many organizations rely on the kind of one-dimensional workforce metrics that do very little to deliver true insight into the root causes of problems. Optimize workforce planning. Overcome your people data challenges.

The Skills to Reskill

HRO Today

Employers have begun to make efforts to develop their workforce’s skills but more progress is needed. Identifying high potentials and creating concrete workforce planning strategies is critical to a successful upskilling approach. The Power of Data.

How to Support the Finance-HR Connection

Oracle HCM - Modern HR in the Cloud

As your business strategy shifts, you must be able to scale your workforce up or down to match it. Your CHRO is responsible for the people side of the business, while the CFO is responsible for the cost of your workforce. That might have been okay a few years ago, back when we had small pools of data. But today, every company has massive amounts of data that everyone needs to share, analyze and report on.

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6 Things We Need to Do to Advance People Analytics

Visier

across all industries–to a more than 44% reduction in critical talent resignations to a $1-$3 million improved profit margin due to better workforce planning. When the CEO and CHRO are in sync and using data collected by HR, the impact of the workforce on business results becomes clearer and leadership is able to make better informed strategic decisions. Get Rid of Dirty Data. The obstacle to a data-driven organizational strategy isn’t lack of data.

18 Popular Articles for Strategic HR Pros: Your Back-to-Work Reading List

Visier

People Before Strategy: A New Role for the CHRO , by Ram Charan, business advisor, Dominic Barton, global managing director of McKinsey & Company, and Dennis Carey, vice chairman of Korn Ferry, HBR.org. Data-Driven HR. Workforce Planning: The War Room of HR , by Sylvia Vorhauser-Smith, Senior Vice President of Research at PageUp People, Forbes.com. HR News & Trends hr trends recruitment retention workforce analyticsAmazon’s alleged “bruising workplace.”

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Five Must-Attend #HRTechConf 2015 Sessions

Visier

Keynote: Data-Driven Strategies for Revitalizing Engagement and Performance Management Monday, October 19th at 8:45 a.m. CHRO Perspectives on HR Tech Monday, October 19th at 3:30 p.m. and use data and models to proactively optimize business outcomes. Quantifying the impact of an engaged workforce is tricky – in fact, a survey we conducted with Harris Poll shows that 60% of executives do not know the ROI of employee engagement programs.

The HR Leadership Revolution — Will You Thrive?

Visier

The workforce in the developed world and China is rapidly aging. Despite increasing automation, in the next 20 years there will be a serious shortage of skilled workforce everywhere. The changing workforce demographics require a more nimble and skilled approach to linking talent and business outcomes. Now more than ever, business leaders need strategic insight and the ability to model how workforce trends impact revenues and profits — quickly and accurately.

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People Analytics Leading Practices at Visier Outsmart 2019

Visier - Talent Acquisition

Taking place May 6-8, 2019 in San Francisco, Visier Outsmart 2019 is the people analytics and workforce planning conference dedicated to your success as a data-driven leader. Visier Outsmart, the leading people analytics and workforce planning conference, makes the process of staying informed and building your network of innovative leaders easy. Visier Outsmart is committed to bringing together the brightest minds and leading experts in data-driven HR.

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