Succession and Talent Review at Newfield Exploration

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Presentation transcript:

Succession and Talent Review at Newfield Exploration Blane Kingsmore October 1, 2014

Newfield Exploration Company Independent E&P Company Headquartered in The Woodlands, Texas Liquids-focused Balanced program of exploration, production and acquisitions Traded on New York Stock Exchange as “NFX” Annual Revenue: > $5.2 Billion >1,700 Employees Domestic Focus Areas Rocky Mountains Mid-Continent Onshore Texas

Current Newfield Footprint 12.1.6 EBS Core HR Advanced Benefits iRecruitment External Learning Management Employee Self Service Compensation Workbench (Sun setting) Oracle HCM Cloud Goal Management Performance Management Talent Review Succession Planning Workforce Compensation Rewards (implementing)

Newfield Planned Footprint Oracle HCM Cloud – 2015 & 2016 Compensation (currently implementing) Core HCM Benefits Taleo Recruit Taleo Learn Taleo Transitions

Talent Review Cycle at Newfield Exploration Talent Review 9-Box score drives compensation guidance year-end bonus and merit Entirely manual process -spreadsheets and custom 9- box diagrams Tedious HR process Manual time-consuming effort to produce guidance numbers

Talent Review Efficiencies in the Cloud Talent Review Cycle Pre-Cloud 4 major steps to produce compensation guidance Process spanned over 2 months Constant communication between HR and managers during this time Involved about 13 HR employees Talent Review Cycle Post-Cloud 1 major step to produce compensation guidance Process spans over 2 weeks Significant reduction in communication between HR and managers Involves about 8 HR employees 60%-75% reduction in total organization time spent managing Talent Review cycle

Pre Oracle Cloud Talent Review Timeline

Post Oracle Cloud Talent Review Timeline

Strategic Talent Review Advantages in the Cloud Increased data accuracy and reporting capabilities Employee population modeling capabilities Overall Reduction in time and effort of Talent Review Cycle Increased organizational focus at year end Increased Human Resources efficiencies Decreased number of manager touch points

Succession Planning at Newfield Exploration Very limited to non-existent Succession Planning existed originally Application Express (APEX) used to create custom Leadership Development Plans (LDPs) Newfield’s attempt at an employee profile card and succession planning Previous Work History Education Details Learning History Readiness Level

Succession Planning Inefficiencies Succession Planning Pre-Cloud Custom APEX application with succession planning at the individual level Unable to view a succession plan from the Incumbent perspective Required 3 different Apex applications to manage data security Employee LDPs/Succession Plan Info had to be printed at the individual level to review with executive management

Succession Planning Efficiencies in the Cloud Succession Planning Post-Cloud True Succession Planning from the incumbent perspective Fully integrated with employee talent profile Elimination of custom application and custom security designs Real-time views within the system for executive management Enhanced and consolidated data reporting

Accelerated Implementation – How we did it Succession Planning and Talent Review concurrently implemented in 4.5 weeks Desire for operating in best practice environment resulted in the business willing and ready to accept delivered processes and configurations Newfield custom solutions not sustainable long-term Executive management desire for more innovative succession plans and talent reviews Requirements for template configuration, process design were determined prior to deployment Utilized Offshore support to configure custom security roles

Oracle Cloud Express Solutions Louann Weaver Practice Director Oracle Cloud HCM October 1, 2014 This is a Title Slide with Picture slide ideal for including a picture with a brief title, subtitle and presenter information. To customize this slide with your own picture: Right-click the slide area and choose Format Background from the pop-up menu. From the Fill menu, click Picture and texture fill. Under Insert from: click File. Locate your new picture and click Insert. To copy the Customized Background from Another Presentation on PC Click New Slide from the Home tab's Slides group and select Reuse Slides. Click Browse in the Reuse Slides panel and select Browse Files. Double-click the PowerPoint presentation that contains the background you wish to copy. Check Keep Source Formatting and click the slide that contains the background you want. Click the left-hand slide preview to which you wish to apply the new master layout. Apply New Layout (Important): Right-click any selected slide, point to Layout, and click the slide containing the desired layout from the layout gallery. Delete any unwanted slides or duplicates. To copy the Customized Background from Another Presentation on Mac Click New Slide from the Home tab's Slides group and select Insert Slides from Other Presentation… Navigate to the PowerPoint presentation file that contains the background you wish to copy. Double-click or press Insert. This prompts the Slide Finder dialogue box. Make sure Keep design of original slides is unchecked and click the slide(s) that contains the background you want. Hold Shift key to select multiple slides. Apply New Layout (Important): Click Layout from the Home tab's Slides group, and click the slide containing the desired layout from the layout gallery. Note: The speaker notes for this slide include detailed instructions on how to customize this Title Slide with your own picture. Tip! Remember to remove this text box. Copyright © 2014, Oracle and/or its affiliates. All rights reserved. | Oracle Confidential – Internal/Restricted/Highly Restricted

Oracle Cloud Express Solutions Overview Pre-configured “plug & play” HCM processes Based on decades of experience and best practices Multiple configuration options to suit your needs Can be quickly and inexpensively “installed” in the your HCM Cloud environment Also include business process diagrams, preconfigured workflow, approvals, notifications, reports, security roles, training PDF files, and ongoing Remote Systems Administration (RSA) services. PLAY Cloud Express solution video Oracle Confidential

Oracle Cloud Express Solutions Are they right for you? Do you have less than 5,000 employees? Are your HCM and Talent Management processes not clearly defined and/or paper-based? Are you looking to standardize and centralize your HCM processes? Are you open to adopting pre-configured, “out-of-the- box” processes? Do you have very limited deployment time and/or resources? Oracle Confidential

Oracle Cloud Express Solutions What it includes Approximate Timeline Price Core HR Setup of your workforce data structures and core HR business processes Conversion and loading of 3 years of historical HR workforce data Setup processes for hiring, transferring, promoting, and terminating workers, and managing personal and employment information 40 Remote System Administration (RSA) Hours 11 weeks $95,00 0 Goal Management Setup of your Goal Inventory and Cascading Goals requirements, and related application features 3 weeks $33,00 0 Performance Management Selection of 2 Performance Management templates from our library, and related application features $35,00 0 Talent Review & Succession Management Setup of 9-Box or “#” Box requirements, Talent Pools, Succession Pools, and related application features $30,00 0 Workforce Rewards Selection of 1 Compensation Plan from our library, and related application features $37,00 0 Coexistence Interface (if not using HCM Cloud Core HR) Setup of HCM Cloud XChange to interface core data from your existing HR system to HCM Cloud 4 weeks $46,00 0 Oracle Confidential

Oracle Remote Systems Administration (RSA) Services What are they? Changing organizational needs require changes in your HCM applications. Smaller system changes often don’t justify a large project or maintenance organization. Oracle’s RSA services help you address these smaller changes quickly and affordably, by Oracle HCM Cloud experts. Oracle Confidential

Benefits of RSA Services RSA services save you time, allowing your employees to focus on higher value activities. RSA services are provided by Oracle Cloud HCM experts, so things get done right the first time. RSA services save you money with a remote delivery model that doesn’t sacrifice quality. Oracle Confidential

RSA Service Packages RSA Package Total Hours Approx. Hours/Week Price 40-Hour Package 40* 3 hours/week $3,000 130-Hour Package 130* 10 hours/week $9,000 260-Hour Package 260* 20 hours/week $17,500 390-Hour Package 390* 30 hours/week $25,000 * Hours to be used within a 13 week period from the completion of an Express solution. Oracle Confidential

Oracle Consulting. We go where no other solution providers will … Hyper Speed Installs & Upgrades High Speed Installation, Upgrades and Migrations services use best- in-class methodology and comprehensive solution expertise with a factory approach that simplifies and reduces cost and risk. Full Suite & Complex Integrations Full Suite and Complete Integration services that accelerate value across the entire Oracle stack while ensuring the greatest return on investment and the best time to value. Emerging Products Emerging Technology services for big data and business analytics, cloud, and engineered systems that deliver transformational impact. Mission Critical Projects Mission Critical Project services deliver solutions that work, create value, drive down cost, and reduce risk – all while safeguarding our customer’s success and satisfaction. Focused exclusively on Oracle products, Oracle Consulting eases complexity and connects Oracle’s solutions better than any solution provider. With this heightened expertise, Oracle Consulting is our customer’s best partner for projects focused on emerging technologies, high-speed installs, upgrades and migrations, complex integrations and mission critical projects. Emerging Technologies – Whether your organization is adopting big data and business analytics, cloud, or engineered systems, Oracle Consulting is the only solution provider equipped to successfully deliver the transformational impact these technologies can have on business success. High Speed Installation, Upgrades and Migrations – Oracle Consulting delivers engineered-to-order solutions that include best-in-class methodology and comprehensive solution expertise with a factory approach that simplifies and reduces cost and risk. Full Suite and Complete Integrations –With extensive expertise and experience in multi-product and cross-pillar implementations, comprehensive and connected integrations, and complex global deployments, Oracle has the expertise to deliver maximum value across the entire Oracle stack, ensuring the greatest return on investment. Mission Critical Projects –Working side-by-side with millions of Oracle users around the world and with our internal counterparts from Product Strategy and Development, we’ve developed a keen sense for delivering mission-critical solutions that work, create value, drive down cost, and reduce risk – all while safeguarding our customer’s success. Oracle Confidential – Internal/Restricted/Highly Restricted