(Burlington, MA - June 30, 2006) Representatives from such companies as Intel Corporation, Hewlett-Packard, Walt Disney Company, Shell Oil Products, and Lowe´s were among the attendees at the June 6 IHRIM Strategic Metrics course in San Jose, California, the city where HR benchmarking was born nearly 30 years ago at the Saratoga Institute. Event co-chairs, Noel Hannon, Hannon Associates, and Rob Eidson, Deloitte Consulting welcomed attendees and described the program as one designed to balance the theory behind human capital measurement and the demonstrated practical use in several organizations.
Dr. Jac Fitz-enz led off the program and described how organizations today are "aligned" in functional silos and that in the near future they should be "unaligned," focusing on the management of three types of capital - structural, relational and human. And, just as Finance has Accounting, and Production has Quality, Human Resources should operate with Talent Management Intelligence.
Dan Hilbert, Valero Energy, explained how his team transformed the staffing function from its administrative focus to becoming boardroom strategic in 14 days. He detailed Valero´s Strategic Business Workforce Optimization approach and its components of Predictive Workforce Modeling and Strategic Business Workforce Mapping, Correlation Analysis, Risk Analysis, Metrics and Planning.
Cheryl Anderson of Hewlett Packard reported on HP´s distributed HR reporting framework and described its technical foundation, its operational reporting layer, its workforce demographics layer for metrics and analysis reporting, and their decision support layer used for analytics and dashboard reporting.
Dr. Kevin Carlson, of Virginia Tech, discussed the organizational need and individual opportunity for business partners´ utilization of HR metrics. He described why HR metrics is getting so much attention these days and why it is critical to improved decision making and managing human capital to execute effectively today while preparing for tomorrow.
Final speaker Gary Iverson of Intel Corporation explained the importance of extending the HR paradigm from maintaining compliance and providing service to focusing on improving organizational decisions. This also changes the requirements for our measurements, moving us from internal function-based measures to measuring and analyzing the business impact of HR.
The day concluded with a panel of the practitioners, Dan, Cheryl, and Gary, moderated by Rob where the attendees had a chance to ask questions of these experts who live, breath, and demonstrate why the time is now for HR Metrics.
The event was sponsored by HRsmart, a leading talent management solutions company, www.hrsmart.com. For more information about IHRIM and its many educational programs and publications, visit www.ihrim.org.