Keep it simple
"Those who don't know history are destined to repeat it." Edmund Burke
We all know that understanding history is key in
not repeating mistakes. In the past,
many organizations deployed multiple Human Capital Management solutions from
varying vendors or multiple instances of a single vendor solution in order to
comply with global and local processes, rules or security. This type of
strategy results in multiple challenges at both a corporate and local level. They stretch from inaccurate headcount and
compensation reporting to out-of-date data and inconsistent human resource
process administration as well as risks to data privacy and lack of global
planning capabilities.
As a result, global corporate culture is not
defined and supported with this nor is the global workforce engaged as a single
organization.
In hindsight, many of the
same organizations are now seeing the benefits of deploying and maintaining a
single solution by providing extensions to meet local needs from a legislative
as well as culturally recognized process. Some benefits in this approach include
common data definitions, global processing and reporting. Other benefits
include minimizing administrative overhead and the ability to define
competencies globally in order to equitably rate and pay workers. This enables
organizations to ensure the most efficient processes are being deployed
consistently to ensure accurate global reporting and management of talent.
When we think about the specific global needs,
we must also think about the varying practices for managing human capital locally.
This includes understanding the needs of the shrinking skilled workforce,
multi-generational and mobile workforce as well as alignment with local customs
and practices.
We are rapidly moving from a requirement to only
maintain accurate job information on a worker to the ability to keep track
future career opportunities and analyze their opportunity to ensure proper
planning from a worker and budgetary perspective.
Such a high-impact strategy requires HR
organizations today to justify their projects by quantifying their HR programs
and initiatives. By providing tools that track the current and proposed
direction of an employee, HR departments become more relevant and accountable
for investment decisions.
Again, when you know what is needed and when,
you are able to plan and ensure your compliance in every location you require.