The Human Capital Institute (HCI), a global professional association and educator in talent management strategies, and Axsium Group, a leading Workforce Management consulting firm, announced today that Axsium will sponsor HCI’s Enterprise Workforce Management education and research track. The track is one of several topics addressed in HCI’s Talent Strategy community of interest, a community HCI considers critical to organizations working to leverage human capital.
For many HR professionals, Workforce Management (WFM) is not a new concept; companies have been using transactional, standalone systems to automate one or several WFM functions for years. Recently however, the discipline of Enterprise Workforce Management has evolved to the point where it is now capable of supporting complex processes at a holistic, enterprise level. When implemented successfully, the benefits of an enterprise WFM solution are significant; the hard cost savings and productivity improvements related to how employees are scheduled, compensated, and managed can result in investment paybacks measured in months, not years.
The Enterprise Workforce Management track looks at common software, including Time and Attendance, Scheduling, Leave Management, Attendance Management, Performance Management, and Employee and Manager Self-Service, examining the benefits of each as well as the benefits of integration.
A panel of expert advisors explores best and next practices, sharing information with human capital professionals through Webcasts, white papers, education, and other resources.
Enterprise Workforce Management focuses on ensuring that companies have the right people, with the right skills, in the right jobs at the right cost on a consistent basis, said Allan Schweyer, HCI’s President & Executive Director. In today’s highly competitive marketplace, it is imperative to effectively manage processes for forecasting, scheduling, tracking, evaluating, and compensating the workforce.
The average Fortune 1000 company spends 70% of its annual operating budget on labor. Enterprise Workforce Management is the key to creating competitive advantage and unlocking the intrinsic value of each labor dollar spent, said Tim Lett, Managing Partner of Axsium Group. We’re pleased to support HCI’s efforts in this area.
More information about HCI’s education and research tracks is available at:
Axsium Group to Sponsor HCI’s Enterprise Workforce Management Initiatives
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