Most business leaders will say that their employees are the company's most valuable asset, but are they handling them as such?
Human capital management (HCM) is a set of practices and processes designed to effectively manage people in an organization. Unfortunately, HCM is broken. According to a recent Deloitte Global Human Capital Trends report, 86% of leaders believe their companies do not have an adequate leadership pipeline today.1
Complexity is at the root of the problem. In a survey of 1,293 HR leaders worldwide, more than 52% strongly agreed that their role has required them to manage increasing levels of complexity.
Furthermore, 61% of HR leaders reported feeling overwhelmed by that complexity and 52% said they did not have the ability to cope with it.2 Needless to say, something needs to change. As your workforce grows, simplifying your HCM system to better serve your needs, as well as the employee’s, becomes a necessity. In this eBook, we explore 5 easy ways you can simplify your HCM!
1. 2014 Deloitte Global Human Capital Trends Report