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Siemens 'vision 2020+' and the receipt for success

• By Bhavna Sarin
Siemens 'vision 2020+' and the receipt for success

“Siemens is working on a vision 2020+ which is the most dramatic transformation in the company’s history,” shared Lothar Teschke, Global Head of HR Projects - Siemens, in his masterclass at People Matters TechHR 2020 . The board came together in April 2019 to create a portfolio of operating companies and strategic companies, with underlying corporate functions, different ownerships and structures required, and a different approach to provide services. What was the next step?

In this masterclass at People Matters TechHR 2020, Lothar Teschke, and Shaswat Kumar, Vice President - Advisory & Cloud Solutions at Alight Solutions, discuss the various facets of Siemens vision2020+, initiating HR transformation at a global scale, and Teschke’s take on a receipt for a successful HR transformation.

Read on to find out what went into shaping Siemens HR transformation.

The 3 pillars of Siemens HR transformation

“HR transformation delivers benefits to the businesses and to our employees. If done right, it can ensure flexibility, and quality and efficiency across all platforms,” shared Teschke. With these three as the underlying pillars of Siemens HR transformation journey, Teschke delved into how they enhance organizational capabilities:

Through digitization, organizations can enhance efficiency by creating an ecosystem that enables the workforce to work anytime, anywhere, on any device.

Product parameters for HR transformation

“When I am talking about HR transformation, I am talking about HR hire-to-retire transformation. It is not only the HR governance part, it’s the entire HR that we are transforming,” emphasized Teschke as he stated the product parameters that guided Siemens decision-making on digitization:

An important aspect to factor in said Teschke is the cost and compliance risk.

Developing systems internally helps save on costs, however onboarding external vendors helps minimize compliance risk.

There is a need to strike a balance as organizations identify vendors and explore internal capabilities to transform their operations and way of working.

Tangible benefits of transformation

Teschke highlighted some key benefits as a direct outcome of HR transformation. He segments these benefits into three buckets:

The receipt for success

Sharing how this transformation has been successful for the organization Teschke first shared some context on the complexity and volume of transactions needed to transform HR processes:

While several organizations continue to contemplate the need for transformation, many others turned out to be early adopters. Irrespective of where an organization stands today in its transformation journey, there are some hygiene factors which if adhered to, can become as Teschke calls it, a ‘receipt for success’. These guidelines include:

A clear mandate supported by the senior management goes a long way in successful organization-wide adoption of HR transformation.

When looking at transformation, Shashwat shared that the first mistake many people make is to look at change as a launch vehicle.

“Change is integrated and a large part of change happens when you get onto the business case and stakeholder buy-in, a lot of change happens during the design phase.”

The complexities and priorities in HR Transformation are bound to differ from organization to organization. However, how leaders shape the transformation vision and cater to the key components in the transition will determine the success of transformation for that organization.