(PRWEB) October 02, 2013
Determining which people practices have the greatest impact on market performance and diagnosing workforce-related gaps that impede an organization’s productivity is no longer a guessing game. The Institute for Corporate Productivity (i4cp) has released a new model, the People-Profit Chain™, which provides an empirically validated framework to understand the specific people practices that help maximize growth in revenue, profitability, customer satisfaction and market share.
i4cp has also introduced the People-Profit Chain Assessment™, a powerful tool that provides insight into how effective organizations are at leveraging talent to drive market performance. Several leading organizations have already taken advantage of the assessment, which is designed for executive teams and other senior leaders.
About the People-Profit Chain™
Decades of i4cp research have revealed the organizational characteristics and people practices that drive high market performance. These practices fit into five domains – Market, Strategy, Culture, Leadership, and Talent – that clearly set the framework for what separates high performers from low performers. Each of these five domains yields a distinct and consistent set of outcomes – such as a highly engaged workforce – that drive market performance. When linked together with the five domains, these outcomes form what is called the People-Profit Chain.
Each outcome in the People-Profit Chain has a distinct and consistent set of key performance indicators (KPIs) that define high-performance organizations. When the model and assessment are applied effectively, organizational performance can be increased by up to 3 times.
"The People-Profit Chain model and assessment don’t simply look at Human Resources," said Jay Jamrog, Senior Vice President of Research, i4cp. "At its core, it assesses the effectiveness of the whole organization's ability to leverage talent to drive market performance."
Business leaders seeking greater market performance through improved workforce practices are invited to download a complimentary overview of i4cp’s groundbreaking research report, The People-Profit Chain™ at http://www.i4cp.com/people-profit-chain.
Organizations that join i4cp’s member network by October 30, 2013 are also entitled to use the People-Profit Chain Assessment for free. Existing members should contact their dedicated account manager for more information.
i4cp focuses on the people practices that drive market performance. Years of research make it clear that top companies approach their workforces differently. In recognition of our status as the largest and fastest-growing network of its kind, i4cp has been named to the Inc. 500|5000 list three years in a row. We work with our network of organizations to:
Through our exclusive, vendor-free network―in which peers collaborate to drive strategic research, as well as share tools and insights—i4cp provides a unique, practical view of how human capital practices drive high market performance. For more information, visit http://www.i4cp.com/.