HCM-06 · Better Buys 7/10 people say that professional development opportunities affect their...

HCM-06:Development Plans: Core of Deltek Talent Management, Central to Employee Success

Dave Lee/Amy Champigny, Deltek

Agenda

Introduction

Modern Challenges

Live Product Demo

3 Development Plan Examples

Onboarding

Current Role (Proficiency)

Reskill/Upskill (Mastery)

Sample Timeline

Implementation

CONFIDENTIAL © Deltek, Inc. All Rights Reserved. 2


Introduction


Difficulty Locating

Qualified Talent

Employee Turnover in

Specialized Roles

Skills Shortages in

the Workforce

Employee Development is Your Secret Weapon

If you can’t find them, you have to

build them

Constantly recruiting for the

highly specialized roles that are

most difficult to fill

Reskilling and upskilling existing

employees helps address gaps

More than 2/3 of participants feel

that their workforce is not

prepared for what is coming in the next three years


The Digital

HR Function

https://www.hr.com/en/resources/free_research_white_papers/hrcom-digital-hr-function-research-oct-2019_k1iehax9.html?utm_source=pressreleases&utm_campaign=featuredresearch&utm_content=deltekresearchpressreleaselinktodownloadtheresearchreportontheresearchlandingpage&uid=4340221442

Alignment: Getting Lost

With all this change, how do you

keep your workforce aligned with

organizational growth and strategic

goals?


Top Notch Good So-So Not Great Quite Bad

Employee Experience Self Assessment

Only 2% of

respondents feel

their employee

experience is

top notch

54% rated their

employee

experience as

being good

32% rated their

employee

experience as

just so-so

10% reported

that their

employee

experience

wasn’t great

3% actually

stated that their

employee

experience is

quite bad

The Digital

HR Function

https://www.hr.com/en/resources/free_research_white_papers/hrcom-digital-hr-function-research-oct-2019_k1iehax9.html?utm_source=pressreleases&utm_campaign=featuredresearch&utm_content=deltekresearchpressreleaselinktodownloadtheresearchreportontheresearchlandingpage&uid=4340221442

Invest in Development to Improve Profitability?Managing the workforce is about more than acquiring the

right talent

» Does your organization have any of the following goals in

mind for this year and beyond?

» Create a strong company culture

» Build a solid reputation in the talent marketplace to attract

even more great talent

» Improve the employee experience to improve

engagement and retention

» Increase productivity AND profitability


Modern Challenges

Deltek Clarity 2019A&E GovCon

Deltek Clarity 2019GovCon

Deltek Clarity 2019A&E GovCon


Manpower Group

67% of recruiters say their biggest challenge in hiring is the lack of skilled and high

quality candidates

Manpower Group

45% of employers globally report they can't find the

skills they need

Manpower Group

1/3 employers claim the main reason they can't fill roles is because 27% candidates lack the necessary hard and soft

skills

Insights45% say they can't find the skills

they need, and for large organizations (250+ employees)

it's even higher, with 67% reporting talent shortages in

2018


Better Buys

7/10 people say that professional development opportunities affect their

decision to stay at a company

Gartner

Gartner research indicates that companies need to shift

from external hiring strategies towards training

their current workforces and applying risk mitigation

strategies for critical talent shortages

KornFerry

The $8.5 Trillion Talent Shortage study, finds that by 2030, there will be a global human talent shortage of

more than 85 million people

Future Workplace

97% of HR leaders are planning to increase their investment in recruiting

technology by the year 2020, including nearly a quarter (22%) who anticipate a 30-50% increase in spending

Do we need to find them? Do we need to build them?

CONFIDENTIAL © Deltek, Inc. All Rights Reserved.15

OR

So Where Did All The Money Go?» Let’s hire another recruiter, or two, or three

» 3rd party recruiting fees

» Additional LinkedIn/Job Board Licenses

» Additional advertising or paid search costs

» New hire onboarding…again and again and again (pulling

productivity)

» HR salaries

» Trainer salaries

» Manager/Employee/Mentor salaries


Sample


» Let’s hire another recruiter = $50,000 plus burden ($65,000)

» 3rd party recruiting fees = 5 fees @ $17,500 ($87,500)

» Additional LinkedIn/Job Board Licenses ($15,000)

» Additional advertising or paid search costs ($10,000)

$177,500 just for this small business…

***How much revenue must you generate to cover this expense at your current GM?

Where Should The Money Have Gone?Retaining institutional knowledge

**Development and Performance management software- skill management, continuous performance management

**Learning budget

**LMS, training, conferences, webinars, succession planning development

**Onboarding programs- immediate engagement and training/skill development

**Recognition/rewards programs



DTM Product

» Development Plans

» Plan Items

» Competency Suggestions

» Mentoring

» External Development

» Super powerful in tandem with LMS

DTM Can Help!

Employee Development


Timeline


Implementation

Transition Takes Patience, Time, and Communication

Gain and Influence Buy-In

Define Development

Process &

Framework

Development

Time

Be the agent of change and influence the

organization appropriately

Define development plan process and

skills/competency framework to develop and

award

Communication of plan and rollout

strategy


Implement

Framework

Time to engage, retain,

and let them grow!


When 80% benefit, don’t let 20% bring you/it down

Optimization

Workshops/

Additional

Consulting

Talent Reporting

Tool Packages

Module Add On

Implementations

Technical Integrations &

Data Migration, Scripting

Administrator &

End-User

Training

Why work with Talent

Consulting team?We can offer the following:

For more information visit www.deltek.com/globalconsulting

https://www.deltek.com/en/support/global-consulting


Summary

Important Takeaways


» We are not going to be able to recruit all of the talent we need

» Development and retention $ is money better spent than unnecessary

additional acquisition

» Onboarding, role-based, upskill/reskill

» Development variety

» Development is a process, just like any other- you need to develop a plan

and stick to it

Final Takeaway


» Ask yourself the question…

“How do I intend to change my organization based on what I have

learned today?”

HCM-06 · Better Buys 7/10 people say that professional development opportunities affect their...

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