New Embrace Technology Trends to Attract and Retain Top Talent · 2019. 4. 1. · Embrace...
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Embrace Technology Trends to Attract and Retain Top Talent Amy Champigny Product Marketing April 11, 2019
Transcript of New Embrace Technology Trends to Attract and Retain Top Talent · 2019. 4. 1. · Embrace...
Embrace Technology Trends to Attract and Retain Top TalentAmy ChampignyProduct MarketingApril 11, 2019
Did you know?
Companies who implement regular employee feedback have turnover rates that are 14.9% lower than for employees who receive no feedback
OfficeVibe
Did you know?
Global construction industry is projected to grow from $7.4 trillion in 2010 to $10.3 trillion in 2020
Construction Intelligence Center
Who Am I?
Product Marketing, Deltek HCM Extensive industry experience in Professional
Services Former Director of Finance for project based
firms
Introduction Technology Trends: changing the way we
recruit, develop, and retain talent Future Trends Preparing for HR Digitalization
Agenda
A Look Back When: 2017 What: An estimated $30.5 BILLION
was lost Why: Voluntary turner of
Millennial workers resulting from poor employee engagement
Gallup
A Look Ahead The Digitalization of HR = Technology
Transformation Workforce optimization & predictive
analytics Opportunities for firms: Understand it Take advantage of it Prepare for it
Technology Today: Changing the Way We Recruit, Develop, and Retain People
Technology Today
From AI-powered chatbots to intelligent automation Tracking massive amounts of data means we
need to rethink everything: Recruiting Performance Management Learning & Development HR Information Management Workforce Analytics
Technology Trends: Changing the Way We Recruit Changing how we do what we
do: Employer brand needs to tell a
story Improve the candidate experience Ignite employee engagement Incorporate new hire
development plans
Recruiting: Candidate Relationship Management Changing how we FIND candidates Drip Campaigns Series of personalized touchpoints
(email/text) You don’t need to “cast a wider net” to
get more qualified applicants
Technology Trends: Changing the Way We Manage Performance Over 80% of HR professionals
say they want to overhaul their performance management practices
Most are concerned that they do not have the right technology in place to support a wide-scale change
Performance Management: Continuous Improvement
Continuous feedback Continuous goal
management
Technology Trends: Changing the Way We Develop Employees
How do you know when someone is proficient, or ready to move up/on? Tie it to performance,
learning, and development
Employee Development: Development Plans are Key Succession planning is a top
priority for AEC Executives (Clarity 2017)
Concurrent development plans
Address gaps in current skills & prepare employees for next roles
Technology Trends: Changing the Way We Manage Employee Data
HR sits at the heart of digital transformation; in corporation the RIGHT technology at the RIGHT time powers success across the firm: Business Development Resource PlanningOrganizational AlignmentGROWTH
Technology Trends: Data, Data, Data Improve data integrity Find and address data
gaps Transition from hunch to
data-driven metrics Data security Data privacy Analytical maturity
Technology Trends: Collaboration Mergers and acquisitions Multiple office locations Job site visits Flexible working arrangements Blended workforce management
Technology Trends Today
How are these trends impacting your
business today?
Technology Trends of TomorrowHow are you preparing for the trends that will impact the AEC industry in the future?
Adaptive Learning What is adaptive learning? Engineering student Project manager Contractor or specialty trade
Student-centered Interactive environments Better engagement and improved
flexibility
Wearable Technology• Smart glasses and hard hats• Augmented reality• Smart watches and trackers• Technology enhanced
safety vests• Tracking time and expenses
via GPS
Internet of Things (IoT)Refers to the concept of extending Internet connectivity beyond conventional computing platforms
Improving nearly every aspect of construction Tracking tools and items How are workers spending time
*Image from forconstructionpros.com
Cognitive BI Passive to Predictive Guided Experiences Telling the user what
they don’t know
Technology Innovation
What is Cognitive BI?Cognitive BI
Do managers have good visibility?
Do manager know who is over/under performing?
What qualitative data can managers collect?
Can managers proactively reach out to employees?
Are managers trained to temper data with
experience?
Do managers know when an employee is at risk of
leaving?
Manager Problems
Cognitive BI SolutionUnder Performing Employees? Over Performing Employees?
Absent often Too much PTO in the bank
High % of late tasks/activities High % of tasks/activities completed early
Continually under ETC Often exceed ETC
Online < 5 hours over last 3 days Online >10 hours last 3 days
Has not viewed anything in collaboration @ Mentioned me 10 times yesterday
Trip end date > 2 weeks ago and no expense report
Expense reports on time no edits = Kudos!
# hours per day in meetings with other attendees per week > 20
# private appointments with no internal employees over last 2 days > 10
Cognitive Manager Dashboard
What’s Next?
Increase productivity Decrease expenditures Improve efficiency
effectiveness Make the interaction more
natural
Artificial Intelligence(AI)
Human Computer
Interaction(HCI)
Intelligent User Interface
Workforce Preparation
Who is keeping an eye on the other technology trends that will have an impact on your business??
Modernization Imperatives!
Transformational Trends:
How quickly will employees adopt new technology?
How quickly will firms adopt technology? What
are the barriers?
make changes in something established, especially by introducing new methods, ideas, or products
Responding to Transformational Trends
Include technology awareness training
Feature technology in your strategic plans
Find internal champions Identify strategic industry partners Look for ways to leverage
technology as differentiator
How to Prepare
Deltek’s Innovation Focus…
AI and Machine Learning: proactive analysis enabling better organizational decision making
Optical Character Recognition: leverage ever-improving tech to automate data entry
Natural Language: support user interaction using natural language interfaces
User Experience: cross-solution, reimagined browser agnostic interface that provides a streamlined, intuitive user experience
Making Technology the Foundation
Not investing in talent costs money!
Session Evaluation
Please share your feedback by filling out the survey
All evaluations are available on the HR Summit Cloud Website which can be found
inside the back cover of your event guide.
