We at SC enable organizations to implement effective Human Capital Management (HCM) planning which allows you to build and shape the resource pool prepared to achieve strategic objectives. Effective HCM planning provides organizations with many benefits at both operational and strategic levels, some of which are:
Effective HCM planning provides organizations with many benefits at both operational and strategic levels, some of which are:
Operational Level:
- More effective and efficient use of resources.
- Helps identify and source replacements to fill important vacancies.
- Provides realistic staffing projections for budget and recruitment purposes.
- Provides a clear rationale for linking expenditures for training and retraining, development, career counseling, and recruiting efforts.
- Helps an organization to prepare for restructuring, reducing, or expanding its Human Capital.
Strategic level:
- Identifies the competencies needed to achieve strategy.
- Identifies scarce competencies, both within and outside of the organization.
- Identifies possible risks in the future – e.g. risk of the right skills not being available.
- Identifies the core positions in the organization that drive strategy.
- Enables high-level Human Capital Management practices that drive organizational performance.
Human Capital Strategy is a systematic process for identifying the resource pool and its capabilities to meet organization goals and developing the strategies and action plans to meet the requirements to fulfill those goals. The Human Capital Strategy process ensures that the organization has the right Human Capital in the right jobs at the right time and for the right cost.
