The Future Roadmap for the Composable Data Stack - Wes McKinney - Data Counci...
Learning the missing link in your talent management solution
1. LearningThe Missing Link in Your Talent Management Solution David Wilkins Vice President of Taleo Research
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4. What % of your employee base will not look to improve their skills unless they are required to as part of their job requirements? 90%
5. What will the average voluntary turnover of a $90,000 / year employee cost you this year? $370,000 US Department of Labor
6. True or False? A chance to learn and grow on the job increases employee engagement and is one of the key drivers of retention? TRUE Cornell University Study
8. Surprise! ‘‘ training investments this year = stock gains next year ’’ A firm’s investment in employee training is the single-most powerful predictor of stock price. Dr. Laurie Bassi VP for Research at the American Society for Training and DevelopmentTenured professor of Economics and Public Policy at Georgetown University, 1982–1995
11. Taleo Learn Business Impact 42% Reduction in Turnover Reduction in Worker’s Comp Incidents and Costs Cut New Hire Training in Half Increased Revenue by 32% per Employee Employee enablement scores for T&D:21% higher than High Performing Companies Cut Agent Training from 30 Days to 7 Increased Process Adherence by 25%
15. 4-6x increase in training-related revenueReduced training expense by 25% While increasing quality and quantity Train resellers and partners Multiple portals Full ROI in six months
34. Learning & Performance Learn Solutions Challenges Specific skill gaps in a new employee’s talent profile? Create tailored learning plan How do I develop top performers? Tailored learning plans and stretch plans to new career paths Need to gain a skill for a project? Need new skills broadly across org? “Pull” learning: learner finds & enrolls“Push” learning: assign to learner New skills in support of an individual or organizational goal? Goals can include development plans and training, show progress Poor performance review? Career Development plans to help employee achieve career goals
44. All user data, job roles, manager relationships, competencies are fed into Learn solution from Taleo.
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46. Learner data going back to Taleo – training history, transcripts, certifications.
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Notes de l'éditeur
Don’t build this slide until you have folks contribute from the audience. When you do build, it should mostly be a validation of their input plus a few new ones…
Be sure to reflect back on the ROI for a small decrease in ROI (5%) when mentioning CKE and ExtraSpace.Cutting new hire training in half or from 30 days to 7 also means faster time to productivity, less FUD as a new employee, less costs, etc…
Be sure to reflect back on the ROI for a small decrease in ROI (5%) when mentioning CKE and ExtraSpace.Cutting new hire training in half or from 30 days to 7 also means faster time to productivity, less FUD as a new employee, less costs, etc…
The basic gist of this slide? If we can link learning to these other measures, then we can link learning ROI to some of these other modules as well. Another key point on this slide is that while learning is it’s own thing, it’s also an enabling set of functionality to further the goals of these other modules…