Human Capital Planning
The central pillar in our strategic management of human capital plan is the alignment of human capital strategies with organizational mission, goals, and objectives through analysis, planning, investment, and management of human capital programs. It is the method by which we design a coherent framework of human capital policies, programs, and practices to achieve a shared vision integrated with the company’s strategic plan. Implementation of the strategic human capital plan is a key step in an agency’s progress to build a highly effective, performance-based organization by recruiting, acquiring, motivating, and rewarding a high-performing, top quality workforce.
Human Capital Planning (HCM) entails employee recruitment and selection, Training & Development, Motivation, Compensation, retention, employment law compliance, and employee relations management. Because of the comprehensive nature of HCM, many large companies outsource certain HCM functions and rely on consultants for support. In companies large and small the total human capital costs, or total cost of workforce (TCOW) averages nearly 70% of operating expenses. Strategic HRM Alignment – The Human Factor, Employee Recruitment and Selection, Workforce Planning, T&D and Change Management, Compensation and Benefits Planning,