Human Capital Management Institute Announces Formation of the Workforce Intelligence Consortium

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Consortium Accelerates Capability to Solve Workforce Issues

For years, organizations have struggled with measuring the value of their most expensive asset: Human Capital. Complex, disparate, and incomplete data have prevented successful data integration, analytics, and workforce planning modeling efforts. In response to this, the Human Capital Management Institute (HCMI) is announcing the formation of the Workforce Intelligence Consortium.

The Workforce Intelligence Consortium is a partner driven organization comprised of member companies, leading experts in workforce planning and analytics, top tier educational institutions, and workforce benchmarking organizations. The objective of the consortium is to advance workforce planning to deliver predictive, actionable analytics. Consortium members receive expert advisement through a five step program to rapidly improve workforce planning capabilities and results using advanced tools, training and expertise in a focused community.

“Workforce Intelligence goes beyond workforce planning. It is true integration and application of customer, financial, and workforce data that supports predictability and resource allocation. HCMI has delivered a unique, leading edge tool that articulates human capital ROI. If HR professionals apply it they won’t be looking for a seat at the table; they will own it,” states Dr. Jac Fitz-enz, CEO, Human Capital Source; also known as the father of workforce analytics.

Benefits of joining the Consortium include: advanced workforce planning and analytics software license, a data integration blueprint for talent management, customer, operations, and financial data, and desktop tools including the Workforce Quantifier™ ROI calculator and Workforce Image Map™. Members also receive expert support in creating a roadmap for analytics and planning success, highlighting quick win ROI opportunities. In addition, members will have access to certification training in analytics and workforce planning, peer discussions, white papers, and member forums to share best practices.

“No matter where you are in your workforce planning and analytics journey, the Workforce Intelligence Consortium will quickly accelerate your progress. Whether you are just defining your measures, or are already leveraging analytics and workforce planning, you will have access to the most advanced tools, education, and experts to quantify and solve your organization’s unique workforce issues,” Jeff Higgins, CEO of HCMI states.

As a result of consortium efforts, members will receive access to all advanced solutions and tools developed by the consortium.

To learn more about the Workforce Intelligence Consortium, please visit http://www.workforceic.com. HCMI will be offering a workforce intelligence webinar education series through December 2010.

About HCMI
The Human Capital Management Institute was founded on the belief that organizations can, and must, find better ways of measuring their investments in human capital. We strive to fundamentally change the way organizations make decisions about their workforce, and our vision of the future is one in which human capital measurement and information is as integral to business decision making as financial information is today. Serving global and domestic clients, HCMI delivers advanced workforce intelligence training, assessments, consulting, and the worlds most advanced analytics and workforce planning modeling tools.

About Dr. Jac Fitz-Enz and Human Capital Source
Dr. Fitz-enz introduced human capital metrics to HR and finance in 1978 with the founding of Saratoga Institute. In the past 30 years he has developed the methodology and advanced analytics through work in 46 countries. His 12 books, two Book of the Year Awards, form the foundation of the study of human capital analytics. He has been cited as one of the top five HR gurus and as one who has changed the way organizations manage people. Dr. Jac as he is known, consults, writes and speaks worldwide on predictive management and analytics from his office in San Jose, California.

FOR FURTHER INFORMATION, PLEASE CONTACT:
Cheryl Farley
Program Director
Human Capital Management Institute
972.514.7174
cheryl(dot)farley(at)hcminst(dot)com
http://www.hcminst.com or http://www.workforceic.com

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