Workforce Productivity Training

Analyze Your Most Important Asset: Human Capital

HCMI’s popular Workforce Productivity Training Workshops have been meticulously developed by expert consultants to deliver participants the required tools and techniques to successfully measure, benchmark, and more importantly, improve productivity on an organization-wide scale.

Don’t fall into the out-dated thinking that workforce productivity cannot be accurately measured. This training will walk through the process from A to Z and provide practical knowledge and tools to make an immediate impact on your company’s productivity.

The training also includes a desktop version of the Summary Impact Statement from the Human Capital Financial Statements (HCFS) tool. The HCFS is a ground breaking tool that links HR and Finance by quantifying the workforce. The tool enables workforce strategic planning and a simplified way to measure productivity. The HCFS has been featured in the Controller’s Report by the Institute of Finance & Management (June 2015) and CFO Magazine: “Power from the People: Can human-capital financial statements allow companies to measure the value of their employees?” by David McCann, November 2011.

The training is a combination of lecture, discussion, hands-on exercises using real data sets, and detailed case studies.

Training Details

Key Human Capital Questions Answered

  1. How can our workforce be modeled to optimize for productivity and profitability?
  2. Is workforce productivity increasing, decreasing or static?
  3. What is the average time-to-full-productivity for new hires? For new hires in critical roles?
  4. Are we losing the right people (low performers) or the wrong people (high performers or critical roles and skills)?
  5. What is the statistical link between training and firm profitability? By course or instructor? If so, where could investments in training improve productivity and profitability?
  6. Is there a link between employee engagement, customer satisfaction and increased revenue and profits? If so, what are the value drivers?
  7. Plus many more…

Who Should Attend

This training is designed for advanced analysts, managers, directors, and above in the following functions:

  • Training and Development
  • Talent Management
  • Organizational Development
  • Workforce Planning
  • Workforce Analytics
  • Finance
  • Strategic Planning

Training Agenda

Day 1

  1. Establishing a business case for Workforce Analytics
  2. Building the bridge between Finance and HR
  3. Creating a HR based Income Statement
  4. Classification of jobs into meaningful categories
  5. Defining & Quantifying Workforce Productivity
  6. Measuring Total Cost of Workforce

Day 2

  1. The HR based Balance Sheet
  2. The HR based Cash Flow Statement
  3. Integrating and Interpreting the Human Capital Financial Statements
  4. Quantifying Talent Management Impact by Employee Life Cycle:
    1. Recruiting & Hiring
    2. Internal Mobility
    3. Leadership & Management
    4. Training
    5. Performance & Engagement
    6. Turnover & Retention