Post on 11-Aug-2020
transcript
HR Reward TechnologyKen Charman
CEO uFlexReward, Unilever
What does Agile Talent “look like”
CV is a brochure – personal brand• 18 jobs• 13 out of 40 years – unpaid• 30% of time since age 5 in education• 4 Russell group universities• More regenerations than Dr Who• Longest gig <5 years• Average gig 2.3 years
HR Tech Briefing
Josh Bersin BriefingHR
• Shift to Agile, Teams, Collaboration
• Skills based roles not “Job Families”
• Personalisation and flexible employment need to be accommodated
• Inclusion of contingent workers in HR analytics and Pay Equity analysis
• Freedom for innovative / disruptive acquisitions to operate outside of global MN HR norms
• Pay equity and diversity is a CEO issue (Davos, new regulations)
Tech
• HRIS One-stop shop won’t work
• 82 classes of application in HR Tech
• Intelligent task based applications / APIs
• Standard UX
• Culture is more important than tech in suppliers
• IT procurement has to be Agile – global centres of procurement “excellence” (some outsourced take too long. Global MNs fall behind dynamic disruptors)
Josh Bersin BriefingHR
• Shift to Agile, Teams, Collaboration
• Skills based roles not “Job Families”
• Personalisation and flexible employment need to be accommodated
• Inclusion of contingent workers in HR analytics and Pay Equity analysis
• Freedom for innovative / disruptive acquisitions to operate outside of global MN HR norms
• Pay equity and diversity is a CEO issue (Davos, new regulations)
Tech
• HRIS One-stop shop won’t work
• 82 classes of application in HR Tech
• Intelligent task based applications / APIs
• Standard UX
• Culture is more important than tech in suppliers
• IT procurement has to be Agile – global centres of procurement “excellence” (some outsourced take too long. Global MNs fall behind dynamic disruptors)
Avaloq (a fast growing, Agile tech company)
decided in less time than a global MN takes to agree
an NDA
Scenario
Agile Reward Business Requirement
Agile - Business Briefing to HR Tech… (shopping list)
Innovation
Creativity
Speed to market
Attract today’s top talentSpeedboats, owners mindset, purpose, mission, working in cross functional teams, faster, timeboxed, MVPs, fail-fast, presumed approval, ask for forgiveness not permission…
How do Agile Teams workTeams of tenWork defined by mission and objectiveGoal is MVP not perfectionPresumed approvalFortnightly deliveryDaily standupsRemove blockersConstantly re-prioritiseCocktail of talent based on dynamic skillsLocal responsibility:
budgetmotivation output organisationreward
HR Framework for Reward
EmployeePositionOrganisational hierarchyJobJob FamilyGradeSalary bandStandardised benefitsStandardised hoursStandardised terms
HRIS
Payroll
Benefits
Pensions
Shares
Recognition
Reports Analytics
Agile Reward Framework
Agile Reward Framework
Skills basedTeam skills Personal brand Personalised packages – not flex ben / wellbeingSelf serviceAlways on FeedbackFlexible hoursMultiple employersMultiple rates within the firm
Realtime reward statementsRealtime benchmarkingRealtime pay equityContingent AcquisitionsMultiple HR structures and hierarchiesSingle source of reward data
Agile Reward Framework
UnstructuredChaos
AnarchyHidden liabilities
Skills basedTeam skills Personal brand Personalised packages – not flex ben / wellbeingSelf serviceAlways on FeedbackFlexible hoursMultiple employersMultiple rates within the firm
Realtime reward statementsRealtime benchmarkingRealtime pay equityContingent AcquisitionsMultiple HR structures and hierarchiesSingle source of reward data
Agile Reward Framework
Strategy alignment
Accountability
Control
Visibility
Compliant; Pay equality, Equal opportunity
Justifiable
UnstructuredChaos
AnarchyHidden liabilities
Skills basedTeam skills Personal brand Personalised packages – not flex ben / wellbeingSelf serviceAlways on FeedbackFlexible hoursMultiple employersMultiple rates within the firm
Realtime reward statementsRealtime benchmarkingRealtime pay equityContingent AcquisitionsMultiple HR structures and hierarchiesSingle source of reward data
Solution
Agile Reward Framework
Skills basedTeam skills Personal brand Personalised packages – not flex ben / wellbeingSelf serviceAlways on FeedbackFlexible hoursMultiple employersMultiple rates within the firm
Realtime reward statementsRealtime benchmarkingRealtime pay equityContingent AcquisitionsMultiple HR structures and hierarchiesSingle source of reward data
HRIS
Payroll
Benefits
Pensions
Shares
Recognition
Reports Analytics
Realtime Total Digital Reward Platform / Simulator / Consolidator
HRISintegration
Tax ratesintegration
Sharesintegration
Other
Workdayintegration
AirIncintegration
Computershare/Fidelityintegration
Reward policy rules engine
Policy owners configure and maintain rules engine
Reporting• Reward managers• HR business partners• Finance • HR Analytics and Ai• Business managers
Employment Engagement• Total Rewards statements• Realtime feedback• Flex choices• Employee shares elections
Reward Administration• Policy documentation• Survey and benchmarking• Mobility cost estimation• Shares administration
Reward Management• Package modelling• Workforce planning• Restructuring & delayering• Mergers and acquisitions
Bespoke Applications• Client Applications
Data services for 3rd parties(e.g. Visier, PowerBI)
Data services for 3rd parties(e.g. Visier, PowerBI)
Platform as a Service (PaaS)
Josh Bersin BriefingHR
• Shift to Agile, Teams, Collaboration
• Skills based roles not “Job Families”
• Personalisation and flexible employment need to be accommodated
• Inclusion of contingent workers in HR analytics and Pay Equity analysis
• Freedom for innovative / disruptive acquisitions to operate outside of global MN HR norms
• Pay equity and diversity is a CEO issue (Davos, new regulations)
Tech
• HRIS One-stop shop won’t work
• 82 classes of application in HR Tech
• Intelligent task based applications / APIs
• Standard UX
• Culture is more important than tech in suppliers
• IT procurement has to be Agile – global centres of procurement “excellence” (some outsourced take too long. Global MNs fall behind dynamic disruptors)
Digital Reward Platform
https://youtu.be/55MlpJJCpJE
https://youtu.be/EAe7Ql5NkZs
https://youtu.be/CiQKWwRXDO4
https://youtu.be/jZ7guVQ8Pgk
https://youtu.be/4QQd4GcAdPA
https://youtu.be/fLkgvP2Gppg
https://youtu.be/DPlJWpS4CHA
uFlexReward as a Case Study