Human Capital Management Institute’s (HCMI) Talent Management Index and Advanced Index Metric Training leverage a combination of workforce and financial metrics that work together holistically across the entire talent management lifecycle. Advanced Index Metrics allow organizations to analyze and evaluate talent management practices for recruiting, mobility, performance management, training, development, and turnover or retention. HCMI’s Advanced Index Metric Training also enable organizations to hold all levels of management accountable for management practices and quality by measuring effectiveness of hiring practices, success of training and development efforts, and cost efficiency across the organization.
Talent Management Index
HCMI’s Talent Management Index and Advanced Index Metric Training enable targeted improvements to overall organization performance, productivity, efficiency and retention. Leveraging advanced index metrics like the Talent Management Index shifts the paradigm from managers simply being evaluated on business results, to also being held accountable for achieving management by objectives around talent retention, productivity, employee development, efficiency, and ultimately, the resulting desired business outcomes.
Contact HCMI for more information at info@hcminst.com or (323) 522-HCMI (4264).
Training Agenda
Sample Training Agenda
Introduction
Section 1: What is Talent Management, What Value Does it Create?
- How can it be measured, predicted, and used to improve productivity
- The high performing workforce initiative, reporting and Human Capital Financial Statements (HCF$)
- Index Metrics to Quantify Workforce Complexity
- Method, process, and steps for advanced index metrics
- Linking index metrics to workforces and business strategy
- Selecting proxy metrics or substitutes for missing data/metrics
Section 2: The Quality of Hire Index
- Quality of hire vs. cost per hire and time to fill
- How and where to find the data
- Hands on Exercise: Calculate cost per hire
- Hands on Exercise: Calculate quality of hire index
- Hands on Exercise: Calculate recruiting and hiring impact
Section 3: Internal Mobility
- Career path
- Model of an “appreciating” asset
- Hands on Exercise: Calculate career path ratio
- Hands on Exercise: Calculate Mobility Impact
Section 4: Performance and Employee Engagement Index (Score)
- Turning engagement scores into workforce intelligence
- How and where to find the data
- Hands on Exercise: Calculate employee engagement index (Score)
- Hands on Exercise: Calculate performance and engagement impact
- Linking employee engagement to business outcomes (i.e., revenue)
Section 5: Retention and Turnover
- What it is
- How and where to find the data
- Hands on Exercise: Calculate cost of turnover
- Hands on Exercise: Calculate turnover and retention impact
Section 6: Training Effectiveness Index
- What it is, How to use it, and How to build it
- How and where to find the data
- Hands on Exercise: Build a training effectiveness index
- Hands on Exercise: Calculate training impact
Section 7: Managerial Bench Strength
- Quantifying leadership and bench strength
- Succession management vs. managerial bench strength
- Overcoming data challenges, How and Where to find data
- Hands on Exercise: Calculate managerial bench strength
Section 8: The Talent Management Index
- What it is, How to use it, and How to build it
- How and where to find the data
- Hands on Exercise: Calculate talent management index
- Hands on Exercise: Calculate leadership and management impact
