Changing Global Trends: Driving the need for better Human Capital Management

“The drive towards meaningful human capital measurement is gaining pace, with regulatory developments indicating that human capital reporting will be a standard requirement within years. HR practitioners must ensure that they are ready to respond, with systems and thinking in place. People in organizations cannot be regarded as human capital in reality, until and unless their contribution to value can be measured with the same confidence as any other organizational asset.”

 

- Richard Phelps, PricewaterhouseCoopers

Key Trends in Human Capital:A Global Perspective

March 15, 2002

 

 

Major "Push Factors" Driving Demand

For HR Consulting Services

ü  Need to free-up internal staff
ü  Streamlining of overall HR operations
ü  Increase accuracy / predictability of costs
ü  Re-gain focus on core business
ü  Increase talent acquisition and retention
ü  Enhance performance management
ü  Streamlining specific HR processes
ü  Talent and leadership development
ü  Enhanced compensation design strategies 
ü  Background screening / Investigations
ü  Increase compliance
ü  Reduce vulnerabilities & Risk