HR for Finance

What are the main challenges for HR in the finance sector?

When your people, their knowledge, and their skills are your product, your brand’s long-term success depends on your ability to recruit, onboard, and retain the best talent. As a result, financial service companies are focused on the end-to-end lifecycle of workforce management, where hiring the right people must happen quickly and consistently.
In addition, companies must enable their new hires to support business goals and grow their expertise. The focus must be on delivering outcome-based engagements and knowledge-as-a-service delivery models.

The Competition for Software Talent

To deal with this disruption, financial services firms must drive revenue growth without expanding their workforce. As the pace of new technology and innovative business models continues to increase, financial services providers need to be able to draw on a broad and flexible talent pool, now competing with top software companies for digital specialists. They must therefore be able to quickly identify workers with high-demand skills and knowledge, rapidly hire and onboard new talent, and retain top talent with a combination of ongoing learning opportunities, continuous performance models and effective compensation.

Use Your Data

GP Strategies can help you accurately and comprehensively capture data about your workforce with a range of solutions from SAP SuccessFactors. The role-based user interface enhances worker experiences and helps simplify everyday transactions. Employee Experience Management solutions allow managers to assess employee emotions and attitudes during key points in the project lifecycle and identify and act on any issues. In addition, we keep employees connected to their teams and the information and systems they need.

Become an Intelligent Enterprise

Robust SAP SuccessFactors solutions include mobile offerings, social and collaborative platforms, and simple access to tasks such as timekeeping, expense reporting, and time-off requests. Managers can balance client demand with available talent by leveraging workforce information and analytics available in an intuitive cockpit view. With readily available information about your firm’s hard skills, knowledge, and individual experts, SAP SuccessFactors solutions help you become an intelligent enterprise by responding faster and more effectively to ongoing and new service opportunities.

What is Employee Experience and why is it important?

Unlike employee engagement, which is an outcome, Employee Experience (EX) is a complete, 360 degrees view of a person’s life at work. Basically, good EX leads to engagement and a bad EX leads to disengagement.
The bottom-up EX solutions from Qualtrics gather employee experience data throughout the entire employee lifecycle, surface predictive and personal insights based on employee feedback, and empower HR leaders and managers to act on those insights quickly – all designed to improve the employee experience. Qualtrics HR related modules are integrated with SAP SuccessFactors and empower HR leaders and practitioners to improve employee experiences. If this sounds familiar to customer experience (CX), it’s because it should. In recent years, CX has been prioritised in every corner of our business, from how we build our products to how we market to end-users to how we measure our success. As Dr. Tracy Maylett, co-author of The Employee Experience, states, “The customer experience is a direct result of the engagement and the behaviours of your employees.” Source: Forbes.

Attract and Retain Top Talent

• Upskill and re-skill your workers with LMS & Litmos
• Attract and retain top talent in hard-to-fill roles with top of class SAP SuccessFactors People Analytics and Advanced Org. Charts.
Recruiting and Onboarding
• Develop top talent with the app for creating custom Development Journeys in SuccessFactors, GP  Frode
•Idently high-performance employees in SuccessFactors with the app GP Haskell

About GP Strategies

GP Strategies SuccessFactors Practice has completed more than 1000 SAP SuccessFactors projects in more than 100 countries worldwide throughout the past 18 years. Our 225 consultants are covering all major industries and provide continued operational support and maintenance for more than 125 companies. We are an SAP Gold Partner, and we have been awarded SAP Recognized Expertise in all SAP SuccessFactors areas. Entering the SAP Hall of Fame, we received the Partner Excellence Award in 2020 and 2021. Working together with our customers, we have won 13 Quality Awards in four years.  Contact us if you need guidance on how to get the most out of your SuccessFactors solution.