Why strategic HR is crucial and how to get started

Why Strategic HR is Crucial Now, and How to Get Started Rusty Lindquist Angela Watson VP of HCM Strategy & IP BambooHR Enterprise Account Executive eFileCabinet @rustylindquist rusty@bamboohr.com linkedin.com/in/rustylindquist awatson@efilecabinet.com linkedin.com/in/angela-watson-5354903a bamboohr.com efilecabinet.com Why Strategic HR is Crucial Now, and How to Get Started HR is Under Attack It’s time to blow up HR and build something new Rethinking HR Why we love to hate HR What will it take to fix HR It’s time to split HR HR faces a crisis of credibility in the boardroom HR is our “favorite corporate punching bag” bamboohr.com efilecabinet.com Why Strategic HR is Crucial Now, and How to Get Started "HR today sits smack-dab in the middle of the most compelling competitive battleground in business, where companies deploy and fight over that most valuable of resources— workforce talent." -Matthew D Breitfelder HBR: “Why did we ever go into HR” bamboohr.com efilecabinet.com Why Strategic HR is Crucial Now, and How to Get Started Understand HR’s True Worth as a strategic investment bamboohr.com efilecabinet.com Understand HR’s True Worth Historical Precedence bamboohr.com efilecabinet.com Understand HR’s True Worth Evolution of HR H Strategic Business Value Operational L Micro Small Transactional HR HR viewed as a cost center bamboohr.com Mid Large High-Impact HR HR as a strategic investment efilecabinet.com Understand HR’s True Worth Evolution of HR H Strategic Business Value Operational L Micro Small Transactional HR HR viewed as a cost center bamboohr.com Mid Large High-Impact HR HR as a strategic investment efilecabinet.com Understand HR’s True Worth A Changed Perspective bamboohr.com efilecabinet.com Understand HR’s True Worth Millennials v 75% Millennials will comprise 75% of the global workforce by 2025 - Deloitte v 91% 91% of Millennials expect to stay with your company fewer than three years – Future Workplace v 2yrs Average tenure for Millennials is years (5 years for Gen X and Gen Y) – Payscale bamboohr.com efilecabinet.com Why Strategic HR is Crucial Now, and How to Get Started Automate the Operational set yourself free to great work bamboohr.com efilecabinet.com Automate the Operational Leverage technology H Strategic Operational L Micro bamboohr.com Small Mid Large efilecabinet.com Automate the Operational Investing In HR Tech v 59% 59% of firms with less than 1,000 employees plan to invest in human resources technology this year - TSCIU and HR Executive Magazine bamboohr.com efilecabinet.com Automate the Operational The Diffusion of Innovation bamboohr.com efilecabinet.com Automate the Operational Simplicity beats functionality -Bersin by Deloitte bamboohr.com efilecabinet.com Why Strategic HR is Crucial Now, and How to Get Started Increase Business Value of your current HR activities bamboohr.com efilecabinet.com Increase Business Value bamboohr.com efilecabinet.com Why Strategic HR is Crucial Now, and How to Get Started Measure & Report it’s internal marketing bamboohr.com efilecabinet.com Why Strategic HR is Crucial Now, and How to Get Started Solve Meaningful Problems think of HR like an internal business unit bamboohr.com efilecabinet.com Why Strategic HR is Crucial Now, and How to Get Started Who are our key partners? What key activities our value propositions require? What value we deliver to the customer? Our distribution channels? Which one of our customer’s problems are we helping to solve? Who are our key suppliers? Which key resources are we acquiring from partners? Which key activities partners perform? Customer relationships? Revenue Streams? What bundles of products and services are we offering to each Customer Segment? What type of relationship does each of our Customer Segments expect us to establish /maintain with them? For whom are we creating value? Who are our most important customers? Which ones have we established? How are they integrated with the rest of our business model? Which customer needs are we satisfying? What Key Resources our Value Propositions require? Through which Channels our Customer Segments want to be reached? Our Distribution Channels? How are we reaching them now? Customer Relationships? Revenue Streams? How are our Channels integrated, and which ones work best, or are most costefficient? How are we integrating them with customer routines? What are the most important costs inherent in our business model? For what value are our customers really willing to pay? For what they currently pay? Which Key Resources are most expensive? How are they currently paying? (How would they prefer to pay?) Which Key Activities are most expensive? How we report on this “revenue” to the rest of the organization? bamboohr.com efilecabinet.com Solve Meaningful Problems Align With Strategy bamboohr.com efilecabinet.com Solve Meaningful Problems Understand your true worth as a strategic necessity ESCAPE ELEVATE Eliminate the unnecessary Maximize business value shed all the dead weight align activities to strategic outcomes Organize your information Measure and report to lay a foundation for insight the value and impact of your work Automate the operational Solve meaningful problems set yourself free to great work learn to think, act, and win like a business bamboohr.com efilecabinet.com Why Strategic HR is Crucial Now, and How to Get Started Thank you! Follow BambooHR and eFileCabinet on social media: bamboohr.com/blog | efilecabinet.com/blog bamboohr.com efilecabinet.com Why Strategic HR is Crucial Now, and How to Get Started BambooHR Receive a free job posting on our ATS and full HRIS for one week We will contact everyone within the next few days to set this up eFileCabinet Call and mention today’s webinar to receive free Epson 520 color scanner!* $349 MSRP April Only! 1-877-574-5505 *Minimum purchase required bamboohr.com efilecabinet.com Why Strategic HR is Crucial Now, and How to Get Started Questions? bamboohr.com Rusty Lindquist Angela Watson VP of HCM Strategy & IP BambooHR Enterprise Account Executive eFileCabinet @rustylindquist rusty@bamboohr.com linkedin.com/in/rustylindquist awatson@efilecabinet.com linkedin.com/in/angela-watson-5354903a efilecabinet.com .. .Why Strategic HR is Crucial Now, and How to Get Started Rusty Lindquist Angela Watson VP of HCM Strategy & IP BambooHR Enterprise Account Executive eFileCabinet @rustylindquist rusty@bamboohr.com... linkedin.com/in/rustylindquist awatson@efilecabinet.com linkedin.com/in/angela-watson-5354903a bamboohr.com efilecabinet.com Why Strategic HR is Crucial Now, and How to Get Started HR is Under Attack It’s time to blow... time to blow up HR and build something new Rethinking HR Why we love to hate HR What will it take to fix HR It’s time to split HR HR faces a crisis of credibility in the boardroom HR is our “favorite