An SAP-sponsored Oxford Economics study recently revealed that the close relationship between HR and IT dynamically drives organizational success. For 55% of his 550 respondents in HR and IT leadership roles, such collaboration improves talent development, optimizes internal processes and keeps systems up to date for overall business success. The answer is that it will be changed.
The findings confirm what thousands of midsize organizations using SAP SuccessFactors solutions already know. Accelerating the transition to digital HR is more than just a key benefit. This is a game-changer for business growth, especially as emerging technologies such as AI drive the need for new skills.
A study by Oxford Economics explains why: “As AI-enabled technologies like chatbots and personalized recommendations become the norm outside of the workplace, HR departments will develop strategies to incorporate similar self-service experiences and other AI-driven use cases into the way employees work. You'll need to work. ”
Drive growth at the edge of talent management
Midsize organizations often seek human capital management (HCM) solutions that support scalability and can keep pace with the pace and extent of business growth. However, they often operate with limited HR capacity, hampering their ability to compete in a complex talent landscape that is expected to result in a shortage of 1 million professionals by 2030.
Scaling midsize organizations are especially challenged to attract and develop talent with the skills they need to grow. According to a report by Oxford Economics, 49% of organizations surveyed cited not being able to find the right talent to sustain their operations as their biggest short-term risk. Similarly, 41% of HR executives believe the biggest threat is their organization's inability to reskill or upskill to adapt to changing employee needs.
With SAP SuccessFactors solutions, medium-sized organizations can address both concerns. HCM solutions can help you execute a consistent strategy across your organization to upgrade outdated technology and implement modern essential features such as workforce management tools and AI-enabled features.
Here are some great results that SAP SuccessFactors solutions can deliver.
1. Comprehensive job description and candidate selection support
AI is transforming skills-based recruiting by creating compelling job descriptions and enabling comprehensive applicant selection, enabling organizations to find the best talent quickly and efficiently. Masu. We have carefully built these capabilities into our SAP SuccessFactors Recruiting solution to give organizations the tools to attract and retain candidates with the right skills.
With built-in AI assistance, talent acquisition teams can make better and fairer hiring decisions while spending less time on manual and tedious tasks like writing job descriptions. Insights into applicant skills extracted from resumes using AI allow recruiters to quickly identify and rank top candidates based on job fit, and Unconscious bias can be eliminated.
2. Integrated learning and talent management
As the nature of work evolves, so too will our approach to HR technology solutions. Integrated learning and talent management systems are critical to addressing this dynamic and facilitate a smooth flow of employee development opportunities.
With SAP SuccessFactors Talent Management solutions, organizations can connect learning initiatives with talent management processes to help create a consistent and impactful talent strategy and employee experience. Employees can access learning resources based on their career goals and performance to align with their personal and organizational goals.
3. Intelligent and personalized skill recommendations
Oxford Economics research shows that 30% of HR and IT decision makers are beginning to understand how AI can help them achieve their talent development and retention goals, which are critical to their company's growth. It became clear. This includes helping employees stay on track by knowing individually what they need to learn, what they need to learn, and what they want to learn.
Implementing a learning management system that includes AI, such as SAP SuccessFactors Learning solutions, gives organizations the ability to improve the learner experience. For example, instead of a “search and find” approach to identifying relevant courses and content, AI-driven systems can automatically make personalized recommendations based on an employee’s role, skills, needs, and preferences. to provide relevant learning options to learners. .
This approach helps save time by pointing learners to the most relevant and valuable resources, rather than having them search for resources themselves. Most importantly, access to self-directed learning and development opportunities fosters habits of continuous learning and personal growth.
4. New growth opportunities for employees
Consumers and employees alike expect personalized experiences that are easy to navigate and fit their needs. Reflecting this trend, organizations are leveraging solutions such as SAP SuccessFactors Opportunity Marketplace solutions to support upskilling and reskilling efforts.
The solution connects employees with relevant projects, learning opportunities, mentors, and dynamic teams, and provides recommended matches through centralized access. Integrating talent intelligence into these recommendations can increase their effectiveness by enabling identification of skill gaps and analysis of individual preferences and career aspirations. In return, employees are able to grow and develop in ways that benefit themselves and the organization, creating a more engaged and motivated workforce.
Additionally, SAP SuccessFactors Succession & Development solutions enable organizations to optimize the employee experience by ensuring employees are better prepared for their next role. For example, employees can feel empowered to take charge of their career development by exploring career options with AI-driven recommendations and intelligent skills gap identification. AI-assisted goals also allow employees to quickly create more ambitious development goals that align with their growth plans.
5. Comprehensive skills management
As the skills gap widens, attracting and retaining top talent remains a major challenge for midsize organizations. Visualizing your current skills and the skills you need in the future can give you a competitive edge, but fully addressing this issue requires a more holistic approach that goes beyond skills alone.
SAP SuccessFactors HCM can address all aspects of this complex challenge by considering an individual's abilities, aspirations, and preferences. By leveraging talent intelligence, this suite enables organizations to improve the talent experience with strategies that address the “whole body” of their employees.
6. Increase productivity and engagement
Aligning employee goals with business goals is critical to improving productivity and performance. AI-powered goals allow employees to create meaningful and ambitious goals in a fraction of the time it would normally take.
SAP SuccessFactors Performance & Goals solution enables flexible and continuous performance modeling. Real-time coaching and feedback is built into the flow of work, allowing employees to feel supported and engaged while enabling continuous insight and growth.
Build a thriving employee culture with AI
SAP SuccessFactors solutions can provide a holistic approach to leveraging the critical role of talent management strategy in driving business growth, as highlighted in an Oxford Economics report. Powered by innovative AI capabilities, this solution helps organizations around the world win the war for talent and skills and build agile workforces.
SAP's commitment to AI innovation goes beyond cutting-edge technology. We create HCM solutions that are relevant, reliable, and accountable. Backed by this AI principle, SAP SuccessFactors solutions can provide a competitive edge in today's dynamic talent environment. Organizations are ready to not only stay behind, but also stay ahead with talent management strategies that drive continued growth, innovation, and success.
Learn how growth-focused midsize companies are prioritizing their HR and IT strategies to help them grow and stay competitive. Read the SAP-sponsored Oxford Economics study, “Optimizing Talent Management: Best Practices for HR and IT.”
Margit Bauer is Director of Product Marketing at SAP SuccessFactors.