HCM Industry Spotlight: Pharma & Life Sciences
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Attract, engage and motivate top talent in the midst of demanding HCM environments with Nakisa® Human Capital Management Solutions Centralization of departments, competitive talent and consolidation in the workplace are creating new challenges in the life sciences human capital management landscape. Replacing scarce or critical resources can cost a company anywhere from 6 to 8 times that person’s salary, and while big mergers and acquisitions are often welcomed by the shareholders due to positive returns, the impact from an HCM perspective can often take years to surface if not handled correctly. Having strong solutions that provide insight and help assess the cost of talent as well as manage goals and performance, career planning, performance management, and succession planning can help protect talent while ensuring that you will be able to react quickly to market changes and ultimately driving faster revenue growth. Industry Focus: Pharma & Life Sciences Copyright © 2015 Nakisa Inc. All rights reserved. Business Challenges • Difficulty attracting key employees in such a global and competitive industry where skilled workers know they have many choices. • Significantly higher attrition rates than other industry’s creates a risky dependency on key employees. • Managing risk and maintaining control during mergers, acquisitions and divestitures. • Demographic changes create a gap between emerging talent and top level executives. • Effectively motivating and rewarding existent employees while ensuring business goals are still being met. • Increasing number of employees requires HR to have a strong hold on the organizational structure. Nakisa® HCM Solutions enable you to: • Quickly adapt to changes with powerful organizational modeling functionalities. • Compare and assess key analytics from multiple scenarios to understand their impact on the business and determine the best course of action. • Quickly identify the right people to achieve objectives, wherever they are located and easily communicate with colleagues from within the org chart. • Make informed decisions about resources, and provide a framework for managing change and efficiently sharing operational information • Empower managers and employees to collaboratively build clear development plans, set activities and targets and have progress check-points on a regular basis. • Examine employee career aspirations and sync them with succession plans to ensure that employee growth and development supports future talent needs. Business Benefits • Visualize reporting structures, roles, contact details and employee skill sets with an easy-to-navigate org chart. • Examine the impact of potential org changes, while communicating and coordinating throughout the change process. • Engage top talent by aligning career aspirations and business objectives. • Increase employee satisfaction and improve retention. • Mitigate risks of key role vacancies by establishing strong succession plans. • Align employee career aspirations with company goals.
Transcript of HCM Industry Spotlight: Pharma & Life Sciences
Attract, engage and motivate top talent in the midst of demanding HCM environments with Nakisa® Human Capital Management Solutions
Centralization of departments, competitive talent and consolidation in the workplace are creating new challenges in the life sciences human capital management landscape. Replacing scarce or critical resources can cost a company anywhere from 6 to 8 times that person’s salary, and while big mergers and acquisitions are often welcomed by the shareholders due to positive returns, the impact from an HCM perspective can often take years to surface if not handled correctly. Having strong solutions that provide insight and help assess the cost of talent as well as manage goals and performance, career planning, performance management, and succession planning can help protect talent while ensuring that you will be able to react quickly to market changes and ultimately driving faster revenue growth.
Industry Focus: Pharma & Life Sciences
Copyright © 2015 Nakisa Inc. All rights reserved.
Business Challenges
• Difficulty attracting key employees in such a global and competitive industry where skilled workers know they have many choices.
• Significantly higher attrition rates than other industry’s creates a risky dependency on key employees.
• Managing risk and maintaining control during mergers, acquisitions and divestitures.
• Demographic changes create a gap between emerging talent and top level executives.
• Effectively motivating and rewarding existent employees while ensuring business goals are still being met.
• Increasing number of employees requires HR to have a strong hold on the organizational structure.
Nakisa® HCM Solutions enable you to:
• Quickly adapt to changes with powerful organizational modeling functionalities.
• Compare and assess key analytics from multiple scenarios to understand their impact on the business and determine the best course of action.
• Quickly identify the right people to achieve objectives, wherever they are located and easily communicate with colleagues from within the org chart.
• Make informed decisions about resources, and provide a framework for managing change and efficiently sharing operational information
• Empower managers and employees to collaboratively build clear development plans, set activities and targets and have progress check-points on a regular basis.
• Examine employee career aspirations and sync them with succession plans to ensure that employee growth and development supports future talent needs.
Business Benefits
• Visualize reporting structures, roles, contact details and employee skill sets with an easy-to-navigate org chart.
• Examine the impact of potential org changes, while communicating and coordinating throughout the change process.
• Engage top talent by aligning career aspirations and business objectives.
• Increase employee satisfaction and improve retention.
• Mitigate risks of key role vacancies by establishing strong succession plans.
• Align employee career aspirations with company goals.
Leading Pharmaceutical and Life Sciences organizations using Nakisa®
Human Capital Management Solutions A global leader in enterprise business solutions for Human Capital Management (HCM) and Finance, Nakisa delivers innovative, forward-thinking and robust human resource and financial management solutions that advance your business strategies. Available on premise and in the cloud.
See what’s possible with Nakisa’s powerful visualization technology:
HCM: Nakisa’s Accelerators suite is designed to optimize organizational transformation, empower talent and stimulate employees’ engagement to deliver business results in an holistic fashion. In addition, Nakisa’s organizational and talent management solutions ensure organizational agility and promote alignment between the workforce and business strategies.
Finance: Nakisa’s lease administration, revenue recognition and equipment lease management solutions help customers better manage their assets and comply with accounting regulations. Working with a global network of partners and as one of the few Solution Extension (SolEx) partners of SAP® since 2007, Nakisa serves 800+ enterprise customers and over 4 million subscribers in 24 industries. Nakisa is proud to work with some of the world’s most renowned brands.
For further information, email us at [email protected].
Copyright © 2015 Nakisa Inc. All rights reserved.
