Marina del Rey, California (PRWEB) April 04, 2012
Human Capital Management Institute (HCMI) Announces the 1st Human Capital Financial Statements (HCF$™) Benchmarking Survey. This unique survey definitively measures workforce productivity and ROI, benchmarking organizations by industry as well as world class performance levels. Take the Survey
Organizations frequently say employees are their most valuable asset, as well as, largest expense. However, traditional financial statements contain little or no information on this critical source of value creation. This lack of human capital information makes it nearly impossible to benchmark an organization’s productivity and talent management effectiveness.
Globalization, connectivity, and technology are speeding the transition to an economy swimming in “Big Data” and driven by knowledge rather than goods. In this new landscape, human capital is a critical differentiator. Companies need smart, effective employees to compete, so understanding and quantifying human capital is critical for success and future growth.
HCMI’s Human Capital Financial Statements (HCF$) provide a standard with which to measure, report and analyze a company’s human capital. A company’s workforce, currently treated only as an expense, can finally be quantified and reported for what it is: a critical factor in the success of any organization.
On November 2011, CFO magazine featured the Human Capital Financial Statements on a cover story entitled “Power from the People”.
Key Workforce Questions The Survey Will Help Answer:
1. Do we have the right number of employees?
2. What is the right workforce cost?
3. What is the marginal return of $1.0 invested in the workforce?
4. What is the ROI of our Workforce?
5. What is our Workforce productivity and how do we compare with peers?
6. And many more...
“HCMI’s Human Capital Financial Statements (HCFS ™) represent the endpoint HR has been searching for to standardize measurement and enable comparison of human capital performance across industry, and geography,” states Dr. Jac Fitz-enz, CEO, Human Capital Source; and known as the father of workforce analytics.
Jeff Higgins, CEO of HCMI says: “Human Capital Financial Statements represent more than a set of reports. They are a clear, quantitative, standard – a surgical tool - providing insight and superior predictive decisions using workforce analytics. With analytics, organizations can outmaneuver competitors to attract, manage and retain superior talent.”
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 and 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:
Maria Luisa Noguera
Human Capital Management Institute