Human Capital Management
Many companies tend to think of business in absolute terms of assets and liabilities, profits and losses, revenue and expenses. However, the fact is that without people - more specifically employees - there is no business. It is paramount for you to view your employees as the true capital of your business - the Human Capital.
Human Capital is the workforce - the people, their capabilities, the investment you make in them, and the return you obtain from them. We understand the complexities of Human Capital and particularly the need to measure the strategic and business results as they apply to people.
While systems and data abound in companies today, gleaning useful information from them is not an easy task. Nevertheless, using this data to effectively manage your Human Capital is a significant success factor in achieving the strategic goals of your company.
Working together with Hitachi Consulting, you can maximise your company's Human Capital Management Cycle to achieve value and connect your people to effective execution of your company strategy. We provide:
- Human Capital Alignment
Working together, we can plan and align your workforce with corporate strategy. Specifically, to: - measure people, processes and performance against corporate or divisional strategy
- address the ‘Learning and Growth / People' segment of your balanced scorecard by developing appropriate objectives, measures and Key Performance Indicators (KPIs)
- provide a contextual framework that is enterprise-centric rather than functionally-centric to ensure a proper focus on organisational value maximisation and workforce readiness
- Human Capital Analytics
Attain visibility into workforce performance across all of your HR and business functions. We can help you: - consolidate operational data from ERP and multiple point solution applications to create a holistic ‘single version of the truth' with respect to your workforce
- define and develop cost and profitability indicators specifically tied to your workforce and all workforce-related activities
- Establish the baseline information necessary to facilitate better organisational modelling which is essential to support your long-term strategic planning needs
- develop key measurement criteria and tools required to illustrate the efficiency, change readiness and human capital value associated with your workforce
- HR / Business Alignment
Manage and monitor the key Human Resources processes critical to achieving your overall corporate strategy. We can help you to: - create tools and dashboards to provide visibility and understanding of the true ROI of HR processes
- define and develop HR scorecards for corporate and divisional HR organisations
- illustrate the strategic value of HR within the company
- combine disparate data from multiple sources to reveal trends and cause / effect relationships that can support both planning and cost avoidance activities
Because your technology landscape, business drivers and strategy are unique, we bring a technology independent viewpoint and best-in-class BI solution development and delivery skills to assess, recommend and implement a solution that is right for you. We can help you analyse your needs across multiple dimensions and intersections between traditional HR functional areas and foundational components that materially affect your company's ability to effectively realise its strategic objectives.