Drive Business Value With an HRIS Strategy Define
Drive Business Value With an HRIS Strategy Define a clear plan for HR and IT by creating an HRIS roadmap aligned to organizational priorities. SAMPLE Learn about becoming a member Info-Tech Research Group, Inc. &is. Company a globalisleader in providing ITfirm research and practical advice. solutions Mc. Lean a research and advisory that provides Info-Tech’s products to and services combine actionable insight and relevant with human resources challenges with executable research, tools, andadvice that will have a Mc. Lean & Company is a research and advisory firm providing practical solutions to human resources challenges executable research, tools and advice that ready-to-use tools andand templates that cover the business. full spectrum of IT concerns. clear measurable impact on your ©via 1997 -2018 Mc. Lean & Company. have a clear and measurable impact on your business. © 1997 -2018 Mc. Lean &©Company. Mc. Lean Company is a division of Info-Tech Group. 1997 -2016 Info-Tech Research Group Inc. Mc. Lean & Company is a & division of Info-Tech Research Group. Research Inc. Mc. Lean & Company 1
EXECUTIVE SUMMARY Key Insight: Situation • Organizations are realizing that attracting the best talent and unlocking their human capital potential begins when HR is able to focus less on administration and more on being a strategic business partner. • Through the use of HR technology, HR is better positioned to drive business strategy and gain operational efficiencies. Complication • Human resource information systems (HRIS) are often deemed ineffective in achieving corporate business objectives. • HR and IT leaders struggle to craft a strategy that meets business needs. Some overinvest in platforms, while others underinvest in lightweight, point-to-point solutions. Finding the sweet spot between is no easy task. A successful HRIS project requires creating an HRIS strategy and roadmap based on alignment of HRIS goals with organizational priorities and partnership between HR and IT. Resolution • • • Adopt a holistic perspective of HR systems. Evaluate the current state of your organization’s HRIS, understand pain points, and identify ideal processes prior to choosing a solution. Evaluate and select a solution that not only mitigates current pains, but also supports future goals and objectives. Develop a practical roadmap the whole organization can buy into, and engage and equip HR with decision-making tools to meet business objectives and drive business strategy. SAMPLE Mc. Lean & Company 2
MCLEAN & COMPANY OFFERS VARIOUS LEVELS OF SUPPORT TO BEST SUIT YOUR NEEDS DIY TOOLKIT GUIDED IMPLEMENTATION “Our team has already made this critical project a priority, and we have the time and capability, but some guidance along the way would be helpful. ” “Our team knows that we need to fix a process, but we need assistance to determine where to focus. Some checkins along the way would help keep us on track. ” WORKSHOP CONSULTING “We need to hit the ground running and get this project kicked off immediately. Our team has the ability to take this over once we get a framework and strategy in place. ” “Our team does not have the time or the knowledge to take this project on. We need assistance through the entirety of this project. ” Diagnostics and consistent frameworks used throughout all four options SAMPLE Mc. Lean & Company 3
Follow Mc. Lean & Company’s five-step process to develop your HRIS strategy Identify Project Purpose SAMPLE Map Current State Gather Requirements Define Future State and Evaluate Solutions Finalize Roadmap and Create Business Case Mc. Lean & Company 4
SAMPLE SLIDES SAMPLE Mc. Lean & Company 5
Overview of a human resource information system (HRIS) Position Management Reporting & Analytics What is an HRIS? An HRIS is used to acquire, store, manipulate, analyze, retrieve, and distribute information regarding an organization’s human resources. An HRIS covers the entire employee lifecycle from recruit to retire. Performance Management You may encounter other terms used interchangeably with HRIS, including HRMS (Human Resources Management System) and HCM (Human Capital Management). For an overview of some foundational HRIS concepts and knowledge, see Mc. Lean & Company’s HRIS Primer. SAMPLE Payroll & Benefits HRIS Recruitment Learning Time & Management Attendance Leave & Absence Mc. Lean & Company 6
An HRIS strategy is the first step before moving to system selection and implementation Use this HRIS strategy blueprint to: • Identify the purpose of an HRIS project. • Streamline processes and reduce complexity in your current HR environment. • Provide compelling data to build the case for HRIS investment if required. Vendor selection and implementation are not covered in this blueprint. This strategy blueprint covers the first step in Mc. Lean & Company’s HRIS strategy and selection approach. By the end of the blueprint you will have: Identified stakeholders and a project team. HRIS Strategy & Selection Approach Determined the scope of the project. Assessed the current state of HRIS. Completed a gap analysis. Determined high-level requirements for the future state. 1. HRIS Roadmap 2. Business Case Approval 3. RFP and Vendor Selection Assessed the risks of the project. Built a business case. 4. Implementation Planning Drive Business Value With an HRIS Strategy Select and Implement an HR Information System Created an HRIS roadmap. Mc. Lean & Company insight Developing an HRIS strategy does not require technical knowledge. In-depth knowledge of HR programs and processes are more valuable in creating this strategy, and SMEs can be leveraged for technical knowledge when needed. SAMPLE Mc. Lean & Company 7
The HRIS market is booming as organizations realize the functional and strategic value of HR The HR technology market is driven by high complexity and strong demand • The average organization has an overly complex HR technology environment with a variety of interlinked systems due to customization of legacy systems and manual spreadsheets that support them. • The HR technology market is set to grow by almost a billion dollars by 2020, driven by 7% year-over-year growth in benefits administration, L&D, and performance management (Tasevska, 2017). Although the HR technology market is reaching maturity and the majority of organizations are maintaining their current level of spending, more than five times as many organizations are increasing than decreasing spending. Investment in HRIS continues to grow Status of Investment in HRIS 60% Recent Investment Planned Investment No Investment Mc. Lean & Company 2019 Trends Report, N=136 SAMPLE 22% As a result, digital strategies are on the rise While only 4% of respondents to Mc. Lean & Company’s 2018 trends and priorities survey have implemented a digital strategy, 57% are either in the process of implementation or are planning to do so in the next two years. The growth of digital is not surprising as HR departments with a digital strategy are more likely to be effective. 19% Mc. Lean & Company 2018 Trends Report, N=740 Mc. Lean & Company 8
MCLEAN & COMPANY HELPS HR PROFESSIONALS TO: Maintain a progressive set of HR policies & procedures Develop effective talent acquisition & retention strategies Demonstrate the business impact of HR Build a high performance culture Stay abreast of HR trends & technologies “ Now, more than ever, HR leaders need to help their organizations maximize the value of their people. Mc. Lean & Company offers the tools, diagnostics, and programs to drive measurable results. “ Empower management to apply HR best practices – Jennifer Rozon, Vice President, Mc. Lean & Company Sign up to have access to our extensive selection of practical solutions for your HR challenges LEARN ABOUT BECOMING A MEMBER Toll Free: 1 -877 -281 -0480 SAMPLE hr. mcleanco. com Mc. Lean & Company 9
- Slides: 9