Delivering a great employee experience is critical
to attract and retain top talent.
Taking a disciplined, insights-driven approach, companies can transform their HR or broader business
services to help increase talent engagement and productivity. Doing so makes good business sense.
Companies with a great employee experience outperformed the S&P by 122 percent.1
1Glassdoor Inc. survey, 2015
Talent expects hyper-personalization
In a world where almost anything can be customized, workers are demanding tailored talent practices and consumer grade worker experiences. Talent expects resources, development and advancement opportunities to be aligned with their professional and personal goals.
Money isn’t the only currency, especially for younger workers
People increasingly want more than a paycheck; they want greater flexibility, autonomy and learning opportunities. Millennials, the largest workforce group, value engagement, quality of life and status. They will shop around for jobs that best align with their needs and lives.
The workforce will be liquid
Companies will work in ecosystems and not just within their own four walls. In addition to full-time employees, future workforces will increasingly consist of contingency or freelance workers. Sixty-seven percent of workers want to pursue self-employment or freelance opportunities in the future. Leadership also sees this coming: They anticipate that 44 percent of their workforce will include independent contractors or temporary positions by 2018.
Technology is an enabler
Technology is playing a larger role than ever before in employee satisfaction, especially with millennials. They expect to have collaboration tools and to use their own hardware in the workplace. Technology enables organizations to provide access to information and resources anywhere, anytime. Automation and AI, coupled with advanced analytics, can increasingly be used to predict and preempt issues, helping reduce frustration and increase workforce productivity.
1. ORGANIZE AROUND
THE “MOMENTS THAT MATTER”
Organizing your HR function to focus on these critical moments will allow you to drive real value, not just deliver a service to your workforce.
Develop advanced analytics capabilities to understand what the true “Moments that Matter” are.” are.
Organize HR services around workforce needs.
Use human-led design to change from existing process/standards-based approaches.
Cultivate customer-focused mindset and behaviors.
2. TRANSFORM HR
TO BECOME RESPONSIVE AND FOCUSED
Encouraging a laser focus on simplicity and agility can release savings that can be reinvested to deliver what your workforce wants and expects.
Simplify and standardize processes.
Remove local customization where not absolutely critical.
Automate and provide self-service to give employees access anytime, anywhere.
Balancing proactive technology, automation and artificial intelligence with delivery that comes from human contact builds a more efficient and nurturing organization
Use analytics-driven insights to determine how and where to interact and to provide personalization.
Form a technology ecosystem that can anticipate what employees want—and may need—to preempt issues
Deliver end-to-end services providing integrated access, delivery and escalation tools (e.g., mobile, workflow, integrated case management).
4. MEASURE, ADJUST
Understanding what makes your employees tick is not a one-time thing. It’s important to continually track behaviors, mindsets and problems that face your workforce every day and evolve how you address these.
Use advanced analytics to both measure performance against “Moments that Matter” and monitor changes in what those moments are.
Focus on a few outcome-based measures for things that can actually be addressed.
Adjust based on insights.
Prepare to continually evolve and improve.