Services - Industry overview and trend

The Professional Services industry is facing numerous challenges in the current economic scenario. Clients are more demanding, more price sensitive and have far more complex service requirements than in the past. At the same time, they expect services to be delivered both faster and with higher quality. This necessitates organizations to have a view of their global talent pool, and scope and staff their new projects and initiatives better.

Another challenge confronting Services organizations is that businesses exist in silos, with employees, projects, and financials being managed by disparate systems. It limits the organization’s ability to get a unified view across operational and financial performance, and to remain competitive in an increasingly global landscape.

Services organizations need to continuously innovate and address these challenges by improving the way they manage clients, deliver services, provide operational excellence and access/manage talent. Attracting the right human assets are at the heart of any Services organization and retaining the revenue-generating employees is perhaps the biggest priority. Further, to achieve operational excellence, it’s important to have a streamlined HR system that integrates with the operational and financial systems.

Imperatives for HR

Talent Acquisition and development

  • Maintain skill and resource inventory for hiring at a short notice
  • Write and enforce flexible employment contracts linked closely to incoming business
  • Assess billability of the workforce today and its future potential
  • Facilitate an employee to understand the business function through Job Rotation & Cross Training
  • Monitor and optimize employee & asset utilization
  • Provide a career path with opportunities that broaden the exposure
  • Address multiple workforce types, including temporary, permanent, and contingent

Compensation & Benefits

  • Set up a variety of compensation structures from flexi-benefits to client invoice based pay-scales
  • Automate Time Management for staff, and link the same to payroll/client invoice, including shifts and overtimes
  • Link performance to incentive pay
  • Address complexities of distributed workforce across multiple clients and locations

Employee Empowerment

  • Enable Self-Service to Life Event Reporting
  • Conduct employee satisfaction surveys

Statutory & Compliance

  • Set up a model of conduct for employees, befitting the needs of the Services Industry
  • Better staff management by conducting audits and surprise checks on staff to ensure compliance with this model of conduct

Ramco HCM solution

Workforce Management

  • Management of employee deputation /relocation/project rotation
  • Maintain skill inventory and deployment details
  • Ramco Time Management System to be tailored for all employment grades
  • Ability to handle multiple employee types, including permanent, contract, site appointees
  • Employee Relations processes such as Grievances and Disciplinary action enable the automation of employee conduct
  • Tracking of absence possible

Recruitment

  • Projects Planning process allows planners to specify manpower by the opportunity and skill type
  • Resource demand consolidation across Projects, Pipeline, Forecast
  • Recruit and on-board talent at a campus or career fair, and just upload information in the instance of contract and contingent staff

Talent Management

  • Use Competency Models to define talent pools/demands by the domain
  • Set up KPI at annual and project level for value-added jobs
  • Normalize performance and form the 9 Box of talent
  • Set up a behavior model for process jobs that deal directly or indirectly with clients

Employee Development

  • Offers training administration that allow users to set up the training calendar and program, enroll for certification programs, monitor their attendance, and capture their performance and feedback
  • Allows managers to define how to spot and reward successful performers through the gamification framework and link results to Payroll (rewards)

Payroll and Benefits

  • Country-specific statutory compliances made available as required
  • Compensation disbursal, time sheets etc. tied to client invoicing
  • Highly configurable and flexible to take care of Payroll elements
  • Ramco In-memory Payroll (Minnal) may be harnessed for quicker results, given that Payroll is highly computation intensive
  • Capability to address client-specific Payroll requirements

Employee and manager self-service

  • Comprehensive in scope and accessible from a mobile device
  • Extremely easy-to-use Workspaces, specific to common user roles with all the data required for decision-making presented as a chart for quick analysis and action
  • Context aware—the software ‘recognizes’ and knows the user from their erstwhile usage patterns
  • Employee Survey feature allows vital “employee speak” to reach the ears of Talent Managers

You may also like!



Our Customers

  • makemytrip
  • Nesma
  • >
  • Danube Group
  • DHFL
  • Jumbo Group
  • Valiram Group
  • GE
  • Pay Partners
  • Dabur
  • vopak
  • Omega Healthcare
  • BATA
  • SHARAF
  • KHIMJI
  • RAKBANK
  • NETWORK18
  • SEAGATE
  • REDTag
  • AVAYA
  • Radisson
  • life Style
  • Landmark Group