Brochure. Retain Package

Transcription

1 Brochure Retain Package

2 Brochure > Retain Package Engage and Retain Your Workforce Whether you are looking to identify your future leaders, drive better performance or build bench strength in critical roles, Saba s Retain package can help you create a positive, sustainable culture and competitive advantage by engaging, developing and retaining your talent pool. The Retain package is a unified solution for modern goals, performance and compensation management combined with career development and succession planning powered by predictive analytics. The combination of features is far more powerful than the sum of its parts giving your employees a unified experience, your managers a one-stop shop for managing teams, and your HR team a powerful way to manage pay for performance and identify future leaders in a single solution. According to Bersin by Deloitte Research, only 7% of HR and business leaders feel they are effective at driving and improving engagement and retention, and 58% of executives believe that their current performance management approach drives neither employee engagement nor high performance. 1 Traditional ways of managing talent, performance and career paths are clearly holding organizations back. Saba s own Employee Development Survey, conducted in September of 2015, 2 showed: Nearly half (49%) of HR leaders agreed that retention and leadership development programs were the top priority among talent management goals, but companies continue to suffer from significant retention challenges. 60% of HR leaders believe that their companies provide employees with a clear career path (advancement), but only 36% of employees believe this to be true. 41% of employees said they would leave their company for better career options with a sizable amount of those polled (31%) stating that background skills and talents were not being recognized. 2

3 Saba s Retain package will help you transform your employee performance management, proactively manage your compensation, and modernize your succession planning and career development. Engage and reward your talented employees, assess their gaps and development needs, provide personalized career paths, and even leverage the power of our social and collaboration capabilities to identify rock stars and high-potential employees, all on a fully unified platform. The Retain package is powered by Saba Cloud an Intelligent Talent Management solution that gets smarter every time someone uses it. We call Saba s embedded intelligence TIM, The Intelligent Mentor. TIM empowers your employees to take control of their own careers by leveraging prescriptive analytics to automatically recommend the skills, experts and ideas they need to get to the next level. TIM also identifies employees at risk of leaving and then proactively recommends personalized incentives to reward and retain those valued employees. Here s what you get in the Retain package: Everything in Performance@Work, Succession@Work and Compensation@Work Embedded real-time and social collaboration Intelligent career planning Agile goal management Peer feedback and coaching Social recognition and rewards Social learning and gamification TIM, The Intelligent Mentor Marketplace enabling drag and drop third-party integrations 3

4 Brochure > Retain Package Transform Employee Performance Management Are you ready to go beyond traditional performance management processes to alleviate frustrations felt by managers and employees, saving them time and helping drive team performance and engagement? Modern 21st-century employee performance management is transforming to support more frequent, contextual and transparent feedback. Traditional rearview mirror, once-a-year reviews and assessments are giving way to more forward-looking, continuous performance enablement. Saba s Performance@Work with its embedded social and collaboration tools enhances teamwork, encourages peer feedback, and makes intelligent recommendations about content, ideas and people that boost productivity. Managers are empowered with team dashboards to track progress on goals, motivate with social rewards, and provide ongoing coaching and development. Performance@Work enables you to move from static annual goal setting to a more dynamic and agile personalized goal management while aligning with team and business goals so each employee understands the corporate strategy and their role in its realization. Give and receive impressions with Even-Better-If private feedback from peers 4

5 Transform employee performance management with: Agile goal management and tracking Cascaded corporate goals plus team and individual goals 360-degree, multi-rater skill assessments and social feedback Configurable performance reviews and review cycles Review calibration, writing assistance and compliance check Talent and process reports and dashboards Real-time and social collaboration tools Impressions, badges and leaderboards for social recognition Recommendations from TIM, The Intelligent Mentor Team and company sentiment analysis People Quotient (pq Score) My Plan and My Team dashboards Coaching, personalized development and checklists Reviews, goals and feedback all on mobile 5

6 Brochure > Retain Package Find Future Stars If you needed to find people inside your organization with a specific skill set, expertise or experience, would you know where to look or how to find them? Most organizations find it easier to recruit new talent from the outside than to find the right talent internally. Saba gives you the tools and visibility you need to find the future stars in your organization. With a robust, universal profile that contains both formal talent management information and a record of content and contributions, Saba makes it easy to find the right talent for fast-track management programs and leadership development. Management and HR teams can look at formal performance vs. potential ratings in a classic 9-box grid or they can rely on the social network to surface hidden rock stars and crowd source talent pool creation based on recommendations from people throughout the organization. Interactive dashboards provide managers the real-time visibility into their talent pools, identifying high-potentials and rising stars as well as departure risks and ways to mitigate the risks. Saba s Succession@Work capabilities provide a more personalized, proactive and scalable approach to career planning and succession management made possible now with machine learning, which identifies high-potential employees, lets them chose career paths tailored to their unique preferences, and automatically creates talent pools for all positions. Saba s self-service career planning capabilities enable all employees to map their career paths based on their aspirations and preferences, providing what if scenario analysis tools to explore multiple career paths as options. Furthermore, helping employees reach their potential with personalized plans and recommendations, TIM, The Intelligent Mentor, acts as a personalized career counselor. As it gets smarter about the people, career aspirations, positions, and skills, TIM will recommend skills users should acquire and experts that users should follow. 6

7 Find future stars with: Personalized career paths and advancement options What if? career path modeling tool to explore multiple scenarios confidentially pq score and Dynamic Network Analytics (DNA) Rock star nominations and role models Performance reviews and ratings Impressions and badges N-box grid Side-by-side comparisons Automated and flexible talent pool creation Recommendations from TIM, The Intelligent Mentor Saba s TIM, The Intelligent Mentor, presents the user a sequence of positions and the associated skills needed to get to the desired position. 7

8 Brochure > Retain Package Reward and Compensate Intelligently Determining and providing the right compensation for each person, whether it takes the form of base pay, merit pay, or variable pay and incentives, is critical to being able to engage and retain top talent. In today s economy many companies are unable to retain their high-potential employees and stars as the compensation cycle has become a timeconsuming and costly process, unable to proactively identify at-risk employees and provide personalized recommendations not to mention challenges implementing effective pay for performance. The results are undesired attrition, inefficiency, deep frustration for both the business and HR, limited governance, and in many cases, unnecessary costs. Saba brings a fresh approach to compensation management to help organizations make better decisions and retain their high-performing workforce. Saba s Compensation@Work improves transparency by helping managers adhere to compensation guidelines while empowering them to effectively use available budgets for recognizing top performers. You can design effective plans aligned with the business strategy and reward your workforce accurately and fairly, based on real, measurable performance, truly linking pay to performance. Going beyond merit-matrix, Saba leverages prescriptive analytics to identify employees at risk of leaving by sifting through dozens of signals in the business to net out the intersection between pay, value and risk. Saba then recommends personalized incentives to reward and retain those valued employees. But, it doesn t stop there. Managers often struggle to justify the incentives needed to retain the most valuable and sought-after employees to impersonal approvers who may not understand the complexities of the talent landscape. Saba s Compensation@Work addresses this by comparing the cost of the incentives to retain an employee to the specific costs to replace that employee. In most jobs and markets, the difference is significant, and makes the justification much easier. Strategic compensation doesn t have to be complex, but it needs to be right. 8

9 Reward and compensate intelligently with: Intuitive dashboards and analytics for managers Budget planning tools with powerful what if analysis Configurable total rewards statements and communications Flexible and easy-to-use allocation tools for managers Advanced rule editor for building complex formulas Integrated pay-for-performance solution Multi-national and multi-currency support Import/export/timestamp capabilities for third-party data integrations Smart analytics and visualization for modeling and reporting for compliance Retention vs. replacement proactive analysis with personalized recommendations Retention vs. replacement analysis with personalized recommendations 9

10 Brochure > Retain Package Team Engagement and Development While Gallup 3 found less than one-third (31.5%) of U.S. workers were engaged in their jobs in 2014, Dale Carnegie Survey 4 concluded that the ability to engage and retain valuable employees has a significant impact on an organization s bottom line. In fact, some studies have found that organizations with a highly engaged workforce can realize up to 52% improvement in operating income and 3.9x higher earnings per share (EPS) than their peers. With Saba s Retain package, organizations have the tools needed to increase employee engagement. By putting collaboration and prescriptive analytics at the core of performance management, social learning, compensation, and career and succession planning, Saba built an Intelligent Talent Management platform so that employees can grow to their full potential. Impressions from coworkers and badges for exceptional performance are powerful engagement tools that are easily pulled into performance reviews and employee reward programs. Drive continuous team engagement and development with: My Team dashboard Unified talent profile Web and video team meetings Social rewards and recognition Social learning Workspaces, groups and video channels Personalized success and development plans Built-in Saba Meeting with HD video enables the team to interact anytime, anywhere 10

11 Adopt Social at Your Own Pace You can keep everyone inspired and engaged with social collaboration capabilities. Whether you want to add a social group, or rate and tag any content, or enable your subject-matter experts to freely create content and share their knowledge with others, you can turn on Saba s embedded social capabilities at your own pace, when you are ready for them. Adopt social at your own pace with: pq score Sentiments Video channels Expertise locator Impressions with feedback Dynamic network analysis TIM, The Intelligent Mentor Workspaces, groups, blogs and wikis Social recognition, collaboration, and real-time feedback crowdsourced via activity stream, groups and workspaces 11

12 Brochure > Retain Package Open, Connected Cloud Platform All of our packages are delivered on the powerful Saba Cloud Platform. Supporting some of the largest enterprises in the world and some of the smallest, you can rest assured your Saba package will be delivered in the most secure, scalable, reliable and global cloud infrastructure. Saba has a world-class cloud platform based on open technology and content standards, making plugging in other enterprise applications, cloud micro applications and content fast and easy. Saba provides: Flexible web services APIs, allowing Saba Services, partners and customers to extend the functionality of the Saba Cloud platform and create standard, upgrade-safe integrations to back-end systems, such as ERP and HRIS Standard connectors to third-party solutions, such as Workday and Salesforce.com Support for OpenSocial standards, which means it is easy to interoperate with other cloud applications built on the OpenSocial standards such as Twitter, LinkedIn, and Facebook With a fully unified user experience, patent-pending machine learning technology, as well as embedded social, mobile and collaboration capabilities, Saba is ready to help you transform your talent management processes to meet the needs of the next-generation workforce. Secure Scalable High Security SSAE- 16, AT101 Proven Scalability Reliable Global Guaranteed Availability >99.9% Global Data Centers 12

13 Get started now by downloading this FREE RFP template References 1. Deloitte University Press report Global Human Capital Trends 2015: Leading in the new world of work Employee Development Survey sponsored by Saba and WorkplaceTrends.com Sept Gallup s Employee Engagement Survey January 28, Dale Carnegie White Paper, What Drives Employee Engagement and Why It Matters. 13

14 Worldwide Headquarters Saba 2400 Bridge Parkway Redwood Shores CA United States Tel: Fax: EMEA Headquarters Saba Software (UK) Ltd. Circa The Ring Bracknell, Berkshire RG12 1AA United Kingdom Tel: +44 (0) Fax: +44 (0) India Headquarters Mumbai 506, 5th floor, C wing, Trade Star Andheri Kurla Road, JB Nagar Andheri East, Mumbai Tel: (+91-22) Fax: (+91-22) India Headquarters Pune Level 5, Muttha Tower Don Bosco Road Yerwada, Pune Tel: Japan Headquarters Saba Software K.K. 8F, Kayabacho Ekimae Bldg Kayabacho Nihonbashi Chuo-ku Tokyo Japan Tel: Fax: Asia-Pacific Headquarters Saba Software Pty. Ltd. Level 6, 61 York Street Sydney NSW 2000 Australia Tel: Fax: São Paulo, Brazil Saba Edificio Rochaverá Corporate Towers Marble Tower Av. das Nações Unidas º andar Morumbi São Paulo Cep Brasil Tel: Fax: Toronto, Canada Saba Software (Canada) Inc. 100 King St, West 56th Floor Toronto, Ontario M5X 1C9 Tel: Saba delivers a cloud-based Intelligent Talent Management solution used by leading organizations worldwide to hire, develop, engage, and inspire their people. Intelligent Talent Management uses machine learning to offer proactive, personalized recommendations on candidates, connections, and content to help your employees and organization lead and succeed Saba Software, Inc. All rights reserved. Saba, the Saba logo, and the marks relating to Saba products and services referenced herein are either trademarks or registered trademarks of Saba Software, Inc. or its affiliates. All other trademarks are the property of their respective owners. Saba 2400 Bridge Parkway Redwood Shores CA USA (+1) 877.SABA.101 or (+1) br_10/15