Shift Toward More Holistic, Integrated Approach to Human Capital Management, Study Says
According to a joint study conducted by the Human Capital Institute (HCI) and TAPFIN Process Solutions, there is an emerging trend of companies utilizing Integrated Resource Management as a way to utilize their workforce in a more strategic fashion. Integrated Resource Management is an approach that manages talent across the entirety of the workforce—including regular, part-time and contract employees—and is in synergy with an organization's business strategy.
According to the study, nearly two-thirds (65 percent) of survey respondents indicated their organization employs a C-level talent, workforce or human resources officer, and 86 percent felt their organization should employ an officer at this level. More than three-quarters (77 percent) believe human resources or talent personnel should be involved in an organization's strategic business planning process. Results such as these may indicate a trending toward a more strategic approach to workforce management.
"Our study findings indicate that more organizations are talking a holistic, integrated view of talent management, which may give these organizations a significant competitive advantage," said Allan Schweyer, HCI executive director and senior vice president, research. "Breaking down traditional HR 'silos' is transforming organizations, providing a more comprehensive view of the workforce, boosting employee and team performance, and enabling better decision-making."
"We believe the most strategic, results-oriented organizations realize that every member of the workforce - whether full, part-time or contract workers - have value and impact," said Kip Wright, president, TAPFIN Process Solutions. "They view their workforce holistically, treat employees of every kind as assets and leverage the direct link between human capital and the bottom line."
Reprinted with permission. © CCH
<p>According to a joint study, more than three-quarters (77 percent) believe human resources or talent personnel should be involved in an organization's strategic business planning process.</p>
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