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HR Specialty Products & Services Catalogue Executive Summary A No Frills Distillation of Vendor’s Marketing Collateral Thomas A Ference President & CEO.

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Presentation on theme: "HR Specialty Products & Services Catalogue Executive Summary A No Frills Distillation of Vendor’s Marketing Collateral Thomas A Ference President & CEO."— Presentation transcript:

1 HR Specialty Products & Services Catalogue Executive Summary A No Frills Distillation of Vendor’s Marketing Collateral Thomas A Ference President & CEO Human Resources Mining & Distribution Co Locating, Validating and Accelerating HR Innovation Office: Cell: Fax: Website: HR Metrics-Driven HR Strategic Command Center

2 HR Strategic Command Center Developed under guidance from the “Father of HR Metrics” Vendors’ state-of-the art Data Management Center incorporates employers data related to workforce, business, customer and company financials Proprietary and statistically valid formulae use data to calculate 600 powerful HC metrics and KPI’s Metrics portfolio gets culled down to only those that are relevant to the client given its industry, business goals, HR tactics, etc. Powerful dashboards and graphics and can be manipulated using built-in analytics such as quantifiers, calculators, mapping tools, wizards, etc. Optionally, metrics can be used by vendor to develop an initial and visual Process Roadmap for employer showing specific steps and activities required to get HR from the Current State to a Future State. Future State effectively links the talent and workforce planning strategies with the business strategy ROI typically 10 to 1

3 Strategic Differentiators Two-way database facilitates real-time HR scenario modeling linked to financial forecasting under most likely, least likely and optimistic scenarios with flexibility to adjust HR levers HR Functions Financial Forecasts -Compensation and Benefits -Workforce Productivity -Recruiting and Hiring -Total Cost of Workforce -Engagement and Performance -Financial Performance -Training and Development -Workforce Planning Scenarios -Mobility and Career Paths -Predictive Workforce Modeling -Leadership and Management -Data-Driven Decision Making -Turnover and Retention -All metrics and scenarios are converted to ROI and dollars -A complete set of HC Financial Statements related to HC Impact, HC Assets and HC Flow statements

4 Enabling Rapid Process Improvement 4 Current State Assessment Future State Workforce Strategy Transformation Solid Data Quality Standard Metrics Workforce Analytic Power Tools Training Workshops Workforce Planning Workforce Standards and Measurement Advanced Tools and Reports Assessment and Analysis Productivity Measures Critical Job Roles Workforce Standards Marginal Data Quality No Metrics Consistency Skill Gaps Unstable Foundation Lack of Insight Not Predictive No Data Integration No Standards Need Workforce Planning Visibility Analytic Capability InputsOutputsProcess $ ROI Opportunities Analytic Skills

5 Human Capital Financial Statements 5 1.Workforce Strategy 2.Governance 3.Best Practices 3. Impact Statement 2. Asset Statement 1.Flow Statement Standards Metrics Handbook Source Systems Standards Job Framework Standards Critical Job Roles HR Data

6 6 Sample Visuals

7 Advanced Analytics Example Average Annual Revenue by Tenure and Training Module Completion

8 Initial Reports & Analysis Data Gathering First Good Metrics HR Data Warehouse Drill-down, standard reports Scenario Analysis External Benchmarking Context for decisions Data Driven Decision Making! Turnover, Headcount, Hiring HRIS system data COE Formation Data Errors HR Analytics Mandate HR Standards Established Lost HR Credibility HR data/systems Assessed HR Data Cleansed historical data scrubbed Bus. Units Reject Analysis Data Errors Historical data still bad 1 st Analytics Study Advanced Analytic Studies HR Analysis Validated Integrated HR Databases COE Launches Training Courses Bus. Units Demand more Example Human Capital Analytics Journey Analytics journey steps Setbacks along the way Journey path and goal

9 Next Steps This product/service is contained in the HR Specialty Products & Services Catalogue™ Operational level details about this particular service provider can be obtained in conference with the vendor The HR Mining &Distribution Co. is an independent and contracted representative of the vendor Upon your request, we will arrange for an introduction that can range from a simple, quick conference call to a services overview / system demo Tom Ference (Chicagoland area) or Thank you for your potential interest in this fresh thinking


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