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.
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 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.
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.