44 business focus
Do you change your people or change the way your people work?
EY’s People Advisory Services (PAS) team can help you enable your people to transform your business, writes Sarah Lavan, partner at EY in Reading
The world continues to change as a result of developments in globalisation, demographics, technology, innovation and regulation. These disruptive forces require organisations to change rapidly – and they need their people to be agile and adaptable to that change.
But have organisations increased their ability to cope and deal with these pressures? Are businesses better placed to improve operational agility, build stakeholder confidence, expand market and cut costs? Often, the answer to these questions sits within the people agenda.
So, what are some of the major trends currently disrupting the people agenda?
Shifting demographics and developing talent
There has been a huge shift in the size, age and diversity of the UK’s workforce and the level of responsibility organisations now have towards their people. Career spans are extending and particular generations are looking for their employers to provide meaningful work, in flexible environments and with ample opportunities for development. Businesses that meet these needs successfully are more likely to create a distinctive advantage by attracting, growing and retaining their ‘home-grown’ talent pools.
The transformation of HR technology
The rise of technology and transformation of HR technology is transforming the way we all do business – impacting how we create, deliver and capture value. Data is now one of the most precious and under-utilised resources of any organisation. Harnessing this data through analytics can transform understanding by uncovering patterns and their connection to human action.
Growing employee expectations and engagement
As organisations evolve, so too does the need to enable, engage and reward top talent in innovative new ways. Engaged employees are a competitive advantage – driving strong, sustainable results by directly impacting customer behaviour, brand loyalty and overall brand reputation. There is also a new organisational design, culture and behaviour
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changing role of HR in support of business strategy. Our people work with clients to create innovative answers that deliver quality results.
EY has PAS consultants working in the Thames Valley and across the South Coast with offices in Reading and Southampton offering the following competencies:
• Reward helps develop relevant and flexible remuneration, benefit and incentive approaches that align to business and people strategy, optimise workforce productivity, are tax-effective and compliant with regulation.
• Talent promotes organisational success by providing advice, tools and assistance to design data driven and strategically aligned workforce strategies, talent management initiatives and employee value propositions.
• Performance helps effectively manage change and organisational design. We support the design of HR operating models, improve HR process efficiency, manage people risk and integrate transactions effectively.
• Mobility helps develop and support aspects of mobility programs, in addition to developing integrated offerings that span strategy through to regulatory compliance.
• Systems help improve costs and reduce the risks associated with payroll operations and delivery by developing HR technical strategies and integrated HR information systems.
• Analytics and insight help gain a ‘people advantage’ by setting and comparing metrics, supporting sophisticated reporting and addressing workforce costs and HR processes.
as well as the right leadership and talent. Successful leaders understand this.
Globalising workforce
By 2025, there will be nearly 10 billion people across the world, with only 15% of that population living and working in high-income economies. Organisations must think and act globally. Global talent strategies and HR programs should be developed to allow for geographic variances so they can source, manage, train and compensate this global workforce.
As a leading global professional services organisation, EY understands the scale and complexities associated with how and where people work. EY’s People Advisory Services (PAS) team believes a better working world is helping our clients harness their people agenda – the right people, with the right capabilities, in the right place, for the right cost, doing the right things.
PAS works globally and collaborates to bring professional teams to address complex issues relating to organisation transformation, end- to-end employee lifecycles, effective talent deployment and mobility, gaining value from evolving and virtual workforces, and the
THE BUSINESS MAGAZINE – THAMES VALLEY – MAY 2016
At EY in the Thames Valley and across the South Coast, we serve a wide range of clients from fast-growing entrepreneurial start-ups through to large privately-owned, FTSE 350 companies and some of the world’s leading multinational companies.
We employ nearly 700 people in the region and our teams have particular strengths in technology, telecoms, healthcare, life sciences and aerospace and defence – sectors all in demand across the region.
Details: Sarah Lavan 0118-9281170
slavan@uk.ey.com
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