Workforce Analytics Capability Assessment While Human Capital can be a differentiated value driver, most organizations face challenges in measuring and reporting its impact on the business. HCMI's Human Capital Reporting & Disclosure services set the global standards in leading and educating organizations on what to measure, what it means to the business, and how to report and disclose to meet voluntary and regulatory compliance standards. Talk to Us Find out why great companies like these have chosen HCMI Workforce Analytics Capability Assessment HCMI conducts a multi-dimensional workforce analytics assessment of current state capabilities vs. best practices in the areas of workforce data, systems, tools, standards and processes. The output includes a summary of strengths, improvement areas, risks and opportunities. Also available is a customized analytics roadmap incorporating assessment results and stakeholder input received through interviews and focus groups. The roadmap outlines suggested action steps, milestones and deliverables to build and sustain a workforce analytics infrastructure and decision-support capability. Request Information Ready to Talk? Get in Touch with Us. Let's Talk

Solutions Overview Videos Learn how to turn HR data into impact from real-life examples. Predicting the Future of Workforce Planning: Insights from Jeff Higgins on Shally's Alley Podcast 10 What Are the Coming Changes for Human Capital Management Metric Disclosures? 26 Future-Proofing Talent: How SOLVE™️'s Holistic Data Transforms Workforce Planning 27 Why Human Capital Management Metric Disclosure is an Advantage 91 Human Capital Management Metric Disclosures Demonstrate How a Company Is Mitigating Risk 67 1-Minute Workforce Intelligence with Stephen Weltz: Workforce Planning 88 Using Analytics to Measure the Impact of Leadership 291 Top C-Suite Questions on Workforce ROI 319 What is Workforce Analytics? 363 Using Analytics to Reduce High Performance Turnover 196 Using Analytics to Measure the ROI of Learning 287 Where Are You on the Workforce Analytics Maturity Curve? 251 Using Analytics to Measure the Impact of Performance and Engagement 194 Using Analytics to Improve Recruiting and Onboarding 163 The Power of Combining Data Sources 183 The Art and Science of Workforce Analytics 145 Linking Talent Investment to Business Outcomes 119 How to Build a Business Case for Workforce Analytics 258

Case Studies Understanding the Business Impact of Paid Leave A 2018 survey found the biggest barrier to businesses adopting a paid family and medical leave policy to be the limited understanding of a company’s return on investment. Panorama stepped in to fill this information gap with its new report, The Business Impacts of Paid Leave , which shares new research on the relationship between paid leave and workforce productivity. This report serves as one of the few sources of data on the business outcomes of paid leave, demonstrating that offering paid leave to employees can be part of a running a profitable company and potentially boost workforce productivity. Download Please create an account to view downloads: Sign Up If you already have an account, please log in: Sign In

Case Studies Improving Retention and Hiring Scofield Financial (pseudonym) is a mid-sized, regional financial services company whose high turnover rates were reducing much of their recruitment to replacement efforts. There was also little information on how to acquire those employees who would remain with the organization and perform at high levels. This case study shows how HCMI help Scofield to: Generate an annual saving of approximately $12 million Reduce the voluntary turnover rate by 40% Recruit top talent and reduce turnover by analyzing their key drivers of turnover and factors associated with retention Download Please create an account to view downloads: Sign Up If you already have an account, please log in: Sign In

Productivity & HR Benchmarking While Human Capital can be a differentiated value driver, most organizations face challenges in measuring and reporting its impact on the business. HCMI's Human Capital Reporting & Disclosure services set the global standards in leading and educating organizations on what to measure, what it means to the business, and how to report and disclose to meet voluntary and regulatory compliance standards. Talk to Us Measure and Optimize Productivity via HR Benchmarking If an organization’s workforce provides a competitive advantage, shouldn’t workforce productivity or the impact of workforce related investments be measured with rigor and discipline? Even with mounting success stories and research, few HR teams have the capability to calculate, track and benchmark their workforce productivity. ​ But it does not have to be this way! ​ HCMI’s data-based approach to workforce productivity and planning bridges this gap by providing a financial framework to optimize workforce cost and productivity. Measure Workforce Productivity Not to be confused with the concept of labor productivity, workforce productivity is a financial measure of return on investment (ROI) of the total dollar amount invested in human capital. It shows how well an organization allocates its workforce investments. ​ While Revenue per FTE and Profit per FTE are commonly used Finance metrics to measure workforce productivity, our research shows that they are by not the best predictors of financial success because they only show changes in revenue and profit based on headcount rather than total costs of the workforce. In a joint study with Pepperdine University, we determined that the advanced productivity metrics noted below are superior measurements to explain true performance and act as leading indicators of stock price change. This position is supported by modeled statistical analysis showing that these metrics are indeed strong predictive measures, linking closely to costs and profits and are more predictive of organizational success. ​ The advanced workforce productivity metrics we recommend companies use are: Human Capital ROI Ratio Total Cost of Workforce (TCOW) TCOW % of Revenue TCOW % of Operating Expense Download Bio-Tech Workforce Productivity Case Study FIND OUT WHY GREAT COMPANIES LIKE THESE HAVE CHOSEN US Quick Links ⪢ Total Cost of Workforce ​ ⪢ Linking Human Capital to Business Performance ​ ⪢ Bio-Tech Workforce Productivity Case Study ​ ⪢ Human Capital ROI Have Questions? Talk to Us Workforce Productivity Questions to Answer What is the value of our human capital in the form of return on investment? What is our workforce productivity? Is it higher or lower than ours peers? Is our workforce productivity increasing, decreasing or static? Benchmark Workforce Productivity Our Global Workforce Productivity Benchmark Services can help companies benchmark their Total Cost of Workforce and other productivity metrics against industry and targeted competitors. HCMI’s proprietary database includes data for over 10,000 companies worldwide from various industries, sizes, and regions. You can download a workforce productivity benchmark case study for a major bio-tech company here . ​ Sample workforce productivity benchmarking deliverables: To Learn More Want to know more about our workforce productivity benchmarking? Click on the button below to submit a contact form and we will get back to you shortly. Talk to Us Don't forget to share this post!

Case Studies Cadence Health & HCMI: Nursing Turnover Analysis and ROI of Retention As part of an overall workforce analytics initiative, Cadence Health partnered with Human Capital Management Institute to deliver a comprehensive turnover analysis to identify key trends, drivers, key metrics, linkage to business outcomes and financial impact. The analysis includes Cadence Health turnover data from January 2012 through June 2014. Download Please create an account to view downloads: Sign Up If you already have an account, please log in: Sign In

Case Studies Explore HCMI thought leadership producing real ROI and competitive advantage through smarter workforce spending and better talent management Workforce Planning for Business Success at a Mid-Sized Manufacturing Company Learn how Product Co., a mid-sized manufacturing company, revolutionized workforce planning with HCMI's SOLVE™ to meet production targets efficiently in this compelling case study. Download Cadence Health & HCMI: Nursing Turnover Analysis and ROI of Retention Read more about comprehensive turnover analysis to identify key trends, drivers, key metrics, linkage to business outcomes and financial impact. Download The Financial Impacts of Wellbeing on Workforce Productivity This document outlines HCMI's research linking companies who invest in Virgin Pulse wellbeing programs to significant financial returns in the form of workforce productivity gains, lower attrition rates, and fewer days lost to illness. Download Understanding the Business Impact of Paid Leave This report serves as one of the few sources of data on the business outcomes of paid leave, demonstrating that offering paid leave to employees can be part of a running a profitable company and potentially boost workforce productivity. Download Attrition Study How a self-storage leader used SOLVE™️'s workforce analytics framework to discover drivers of their turnover and prescribe interventions to reduce voluntary turnover. Download ROI of Internal Hires How HCMI helped a multi-hospital healthcare provider use analytics to identify key trends, predictive drivers, key metrics, and quantified financial impact linked to business outcomes. Download How Leadership Affects Workforce Productivity A package delivery and supply chain leader's quest to understand how leadership impact workforce cost and performance, uncovering a cost-saving opportunity of over $1 billion annually. Download Sales Training ROI Not all training programs deliver the same impact for the organization. This is why it’s becoming increasingly important that organizations can measure, track and improve the financial impact of their training program. This can be achieved with Workforce Analytics. Download Profit to Engagement Linkage Integrated workforce analytics gives JetBlue insight into employee experience, its impact on business results and how managers can improve the score. Download Bio-Tech Productivity Bio-Tech’s HR needed a firm understanding of its workforce impact on business results and ways to support new, rigorous organizational design activities, with a focus on increasing workforce productivity and controlling contingent costs. Download Improving Retention and Hiring How a regional bank use HCMI's integrated workforce analytics to reduce the voluntary turnover rate by 40% and generate an annual saving of approximately $12 million. Download Optimizing Recruiting Sources Using HCMI's workforce analytics framework, a regional bank was able to identify and target the best sources of hire, and make specific recommendations and adjustments by job type. Download Human Capital Financial Statements Learn more about how a large publicly traded Asian telecommunications company used Human Capital Financial Statements (HCFS) to register significant 2 year productivity gain over peers by optimizing their workforce cost and structure. Download

solve overview Human Capital Metrics Handbook Definitions, formulas, and best usage advice for over 620 workforce metrics including many best-in-class measurements into one convenient package. It's the offline version of SOLVE™️ Metrics. The Ultimate HR Metrics Guide This is a must-have guide for all professionals interested in implementing evidence-based talent management or even just upgrading their HR reports. Why Human Capital Metrics Handbook STANDARDIZE HR METRICS Remove confusion and countless back-and-forth by giving everyone access to the same HR metrics handbook. ALL-IN-ONE METRICS GUIDE Comprehensive list of metrics from all talent management function. ALL TALENT MANAGEMENT AREAS Whether it’s recruiting or training, chances are the metrics you are looking for are already covered by this guide. Inside Human Capital Metrics Handbook Human Capital Metrics Handbook is just not a detailed compilation of HR measurement names and definitions. It comes with detailed descriptions, formulas, common usage and best practice advice on metric interpretation and application from HCMI's team of experts. Metrics are measured across all elements of the employee life cycle and are broken down by 11 most commonly and best/optimized use. Key example areas include: Cost, Revenue and Profit Optimization Recruiting and Hiring Training ​ Leadership and Development Engagement Productivity and Performance Compensation and Benefits Mobility and Career Development Human Capital Metrics Handbook, in Numbers... Unlock Actionable HR Insights. This guide is an indispensable tool for professionals aiming to refine strategies and enhance analytical capabilities, ensuring every decision is informed and impactful. ​ For $825 , including US shipping, this handbook is your gateway to actionable insights. For international shipping, please contact us here . Secure Your Copy Here Ready to Talk? Get in Touch or Schedule a Demo Reach Out to Us

Case Studies Sales Training ROI Imperial Services Corp, a global firm, had experienced a plateau in annual sales volume, and needed to better understand what correlated same-store sales and the overall top line. Analyzing multiple factors across a half decade of workforce data, HCMI helped to determine how various factors like experience, manager quality and training influenced productivity for different stages of the sales associate career path. In this business case, learn more about how: Different talent and organizational factors correlated to sales production Notions of experience driving performance and productivity were debunked Training programs impacted individual productivity in different geographies and channels The analysis project generated an ROI opportunity of $180 million Download Please create an account to view downloads: Sign Up If you already have an account, please log in: Sign In

White Papers Linking Human Capital to Business Performance White Paper - Summary What if human capital could be valued and its contribution quantified in the form of productivity or return? What if the return on human capital could be definitively linked to business results? In essence: Can changes in human capital metrics explain movements (i.e., predict) in stock performance for companies? The answer is YES! Download Please create an account to view downloads: Sign Up If you already have an account, please log in: Sign In

On-Demand SOLVE™ Demo Watch On-Demand Demo SOLVE™ helps HR and business leaders use data to drive business results today and build the workforce for tomorrow. Watch on-demand demo videos to see how it's done. Find out why great companies like these have chosen SOLVE™

White Papers 8 Steps to Workforce Realignment Planning in Uncertain Times Whether it’s juggling a remote workforce or realigning the business to stay afloat during this unprecedented event, you need to move fast while avoid missteps that could cripple your business performance during the recovery. Wouldn't it be great to have a workforce realignment plan to achieve this? This ebook outlines the 8 critical steps you can take to build your own workforce realignment plan. Download Please create an account to view downloads: Sign Up If you already have an account, please log in: Sign In