Solutions

HCMI's Solutions apply advanced business analytics to human resource management to benchmark workforce productivity and HR performance, quantify workforce value, and improve workforce analytics capabilities.

Overview

As organizations seek to leverage workforce analytics to improve business results, an important first step is to measure and benchmark your current workforce productivity and HR team performance, quantify the business value of the workforce, and assess your analytics capabilities. HCMI offers these configurable solutions that deliver immediate value:

 

 

  • Workforce Productivity and HR Benchmarking: Benchmark your workforce productivity and costs against industry peers to uncover critical business insights. Compare your HR performance against best practice to identify areas where you can improve.

 

  • Human Capital Valuation & ISO Reporting: Quantify the business value and financial impact of your workforce, and use the output to meet ISO Human Capital Reporting Standards.

 

  • Workforce Analytics Capabilities Assessment: Identify analytics risks and opportunities by comparing current state capabilities to best practices in workforce data, systems, tools, standards and processes.

 

  • Workforce Analytics & Planning Training: Train and upskill your analytics analysts, HR users, and executives to enable data-driven workforce decisions that deliver maximum business impact.

 

  • SOLVE™ Metrics On-Line Library: Gain on-demand access to definitions, formulas, and best usage advice for over 620 workforce metrics to support evidence-based workforce analytics and planning.

Human Capital Valuation and ISO Reporting

What is it?

HCMI's Human Capital Financial Statement (HCF$) is a comprehensive reporting framework that values the business impact of human capital in every stage of the talent management lifecycle and provides the key metrics to meet the ISO Human Capital Reporting Standards. HCF$ includes three unique statements:
 

  • Human Capital Impact Statement: measures the quarterly or annual impact of human capital on financial performance.

 

  • Human Capital Asset Statement: quantifies the total value of the workforce by job category

 

  • Human Capital Flow Statement: traces the flow of human capital showing where and how it is allocated and used

What are the benefits?

HCF$ details the cost, impact and return on all areas of investment a company makes in its talent. It also  meets the ISO Human Capital Reporting Standards. Use HCF$ to answer these questions:

 

  • How can we model our workforce to optimize cost, profit and productivity?

 

  • What is driving our Total Cost of Workforce and how is it trending? 

 

  • What is our workforce productivity? Is it increasing, decreasing or static?

 

  • What is the differential human capital ROI of different job roles?

More HCF$ Information

Workforce Productivity and HR Benchmarking

Workforce Productivity Benchmarking uses HCMI’s advanced set of human capital metrics and over 10,000 company global benchmark database to quantify overall workforce productivity, compare relative performance to peers, highlight positive workforce trends and identify potential problem areas for future improvement. Include HR performance benchmarking to compare your performance against best practice to identify areas where you can improve.

Get these key questions answered:

 

  • What is our workforce productivity, how do we rank and are we improving? 

  • What is our Total Cost of Workforce, and how is it trending?

  • What is our ROI of investment in workforce?

  • Can we model our workforce to optimize cost, profit and productivity?

Why Benchmark Workforce Productivity?

Organizations need smart and effective employees to compete.  For this reason, understanding and quantifying human capital is critical for success and future growth. However, traditional financial statements contain little or no information on the workforce which makes it nearly impossible to benchmark an organization’s productivity and talent management effectiveness.  

 

Benchmarking and trending human capital metrics against best-in-class organizations can provide critical insights to optimize your organization’s human capital to drive business results. 

 
 

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. 

 

Workforce Analytics & Planning Training

Since 2009, HCMI’s expert training has helped hundreds of organizations strengthen their in-house workforce analytics & planning capability, including many Global 2,000 companies, nonprofits, healthcare organizations, and major government entities around the world.

"This course is a 'must' for HR professionals.  The ability to 'manage by fact' is a key competency, not only for business units, but also for HR practitioners."

~ Senior Vice President

 HR at OCBC

The curriculum develops the skills required to measure and analyze the workforce to drive value through better workforce decisions. Key components include critical metrics, data visualization and presentation, and advanced financial and statistical analysis.

HCMI differentiators:

 

  • Delivered at the client site to reduce travel time and expense

  • Customized to incorporate current client challenges

  • 30+ real-life case studies and 10+ hands-on exercises

  • Proven framework, key metrics, tools, and templates to make an immediate impact

  • Conducted by a team of globally recognized workforce analytics experts

Individuals can receive the same industry-leading content delivered through a convenient, interactive on-line curriculum.

 

Learn more about our individual on-line training here.

 

SOLVE™ Metrics Library

The Ultimate On-Line HR Metrics Guide

SOLVE™ Metrics Library provides easy on-demand access to  definitions, formulas and best usage advice for over 620 workforce metrics including many best-in-class measurements. This is a must-have resource for any analytics team interested in implementing evidence-based workforce analytics and planning.

Why SOLVE™ Metrics

Standardize HR Metrics

Remove confusion and countless back-and-forth by giving everyone access to the same HR metrics library. SOLVE Metrics comes with definitions, formulas, best usage advice and everything that an analytics team needs.