CloudPay's August Digest: Insights from Our Partner Network
Aug 24, 2017 | Topic: Strategy
As summer comes to a close and life begins to get busier on all fronts, it's natural to begin looking more strategically at task management, goal setting and how to pursue positive, sustainable achievements. Whether you're concerned with finishing this year strong or planning to start next year even stronger, there are insights to be gained from how others are pursuing their goals.
For this August edition of our Partner Digest, we looked at how our partners are approaching important goals with strategy and determination, across a range of industries. From taking a holistic approach to workforce planning to prioritizing visibility for better operations management to learning about inspiring change from a hugely successful entrepreneur, these partners are showing their commitment to improving business for them and their customers.
SuccessFactors on the importance of careful workforce planning
As multinational companies plan their next moves, whether in terms of product development, process optimization, or global presence, a critical consideration for leadership is the current state of its workforce and how it can adapt to future goals. The ability to stay ahead of needs is indicative of a successful business, but that doesn’t mean workforce planning is easy.
Critical talent shortages and increasing global competition mean it’s more important than ever for businesses to plan five and ten years down the line to ensure they have the workforce they need to achieve their objectives.
A recent white paper from SuccessFactors identifies six common pitfalls of workforce planning, from not considering the big picture to cutting corners on timing. They begin the list with a compelling case for why workforce planning should be viewed as a companywide strategic exercise, rather than a responsibility solely of Human Resources.
“The foundation for workforce planning is the business strategy; therefore workforce planning should be owned by the business units. The business units are responsible for the success or failure of their strategic plans, and the human capital requirements of the strategy are no less a part of their responsibility than the financial, technical, operational or other requirements.”
Ramco on the power of data to deliver superior visibility
The ability to see, analyze, and manage the needs of an entire organization is a goal many companies are hot in pursuit of. As data integration and analytics reports become more complete and commonplace, multinational organizations are getting closer to achieving greater visibility and its inherent benefits.
Ramco recently described the importance of visibility in managing risks within a global supply chain. Having more complete information can be vitally important in any industry, as it can help business leaders quickly analyze performance against goals and act quickly to avoid any issues or disruptions.
Ramco identifies data as the key to achieving this critical visibility, asserting that greater access to quality data can help organizations manage demand, capacity, forecasting, and even compliance.
Having realized the power of visibility, stakeholders have been quick to zero in on the tool that'll enable visibility across the network—data, of course! Leaders of the landscape are counting on data-enabled solutions to illuminate the entire supply chain. Retailers across the globe still feel that stakeholders have not harnessed the power of data and visibility to their maximum potential.
Better data management, according to the article, is best achieved through the adoption of an end-to-end solution that gives users complete control over their operations—similar to how our global payroll solution offers a single platform for full control over your payroll and employee data.
Workforce Software on how good leadership can effect positive change
The most powerful force keeping most of us focused on certain tasks at work or completing key processes month after month or year after year is not an organizational goal. It’s not a competitive strategy. It’s not even a personal dedication to doing our best work.
It’s inertia. It’s one of nature’s most basic rules of engagement, the tendency to remain unchanged. It’s because of this base state that many teams and organizations will defend and continue inefficient activities and resist adopting new technology or processes.
In a recent blog, Workforce Software analyzed a companywide email sent by Elon Musk, the famed CEO of Tesla, to address concerns over the escalating incidence of employee injuries at their plant in Fremont, California. In the email, Musk promised to review every incident, meet with the injured employee, and even go onto the production line to personally perform the same task that resulted in their injury in order to better understand what happened and how to improve it.
The email was successful for several reasons: It empathized with employees, demonstrated Musk’s commitment to improving the situation, and, most importantly, outlined a specific plan.
Aside from giving direction, a plan creates stability. It facilitates decision making. It lets people know what to expect. A plan is usually a source of comfort, not to mention a sign that change is on the horizon.
CloudPay welcomes new technology providers into our Partner Network on an ongoing basis. Contact us to find out whether your software providers partner with us, or to learn if your organization is a smart fit for a potential strategic alliance with CloudPay, a leader in global payroll.