This Week's Herman Trend Alert Talent Production and Attraction in 2015

The Herman Trend Alert March 26, 2008 Making HR Metrics Serve the Bottom Line In our 2008 Workforce/Workplace Forecast, we discussed the growing importance of metrics (measurement) in Human Resources to drive more money to the bottom line. Recently, we met Janet Walsh, President of Birchtree-HR, Llc, the person who coined the term "Human Capital Financial Management" (HCFM). "In HCFM, we evaluate investments in people for their returns and link them to business strategy," said Walsh. "Research studies conclusively prove organizations that link human capital programs with business strategy enjoy six to 38 percent higher return on total capital than those that don't," she added. The best systems are the ones where there is a "clear line of sight" between the people programs and the business strategy. A global Human Resource consultant, focusing on HR strategy, compensation and performance management, Walsh is often asked, "How do I link the business strategy of the company to my programs?" Agreeing with our previous Herman Trend Alert, "The Future of Training Will Be Gaming And Simulation," Walsh and her colleagues created an HR simulation, called "At the Table". Created in conjunction with the Atlanta chapter of the Society of Human Resource Management and 16 CEOs, HR and business leaders, "At The Table" is a one-day competitive case study program that trains business executives in the use of human capital financial management techniques to increase organizational return on total capital. In the simulation, participants are challenged to create an optimal solution incorporating business and HR metrics including competitive industry measures, financial analysis techniques, HR program design in total rewards, staffing, training, performance management, and ethical decision making considerations. What makes this training program unique are the real-world, business issues in the case study, the advice and guidance of the Simulation executives and Jim McGuirk, former president of Unisys, whose comments offer a unique window on how CEO's make complex business decisions. Workbooks and DVD set are included. With experience in 58 countries, Birchtree also offers customized simulations, built around company-specific metrics. We believe that "At the Table" is a great example of the kind of simulations that will become more and more popular in the future. © Copyright 1998- by The Herman Group, Inc. -- reproduction for publication is encouraged, with the following attribution: From "The Herman Trend Alert," by Roger Herman and Joyce Gioia, Strategic Business Futurists. (800) 227-3566 or http://www.hermangroup.com. The Herman Trend Alert is a trademark of The Herman Group, Inc." IS YOUR EMPLOYER AN EMPLOYER OF CHOICE®? Our effective, onsite seminars, workshops, and consulting can help you get there. We offer 1-, 2-, 3-hour, and full-day programs to help you communicate what it takes to become an Employer of Choice® and inspire your folks to get it done. In the future, being an Employer of Choice® will not be optional. Call Carol at 336-210-3547 to arrange a no-obligation conference call. Email info@EmployerOfChoice.com for more information. Or order the electronic version of the Employer of Choice book on your desktop for only $17.80 @ http://hermangroup.com/store/books_all.html#2. EMPLOYERS AND JOBSEEKERS: MARK YOUR CALENDARS Advertise at or attend VetJobs Virtual Career Fairs. VetJobs, the top veterans' job board, and PSI, the premier diversity job fair producer, are teaming up to launch these VeteransCONNECT events. Early employer registration is now open with employer loading by February 15th. Candidate loading begins March 1st. They anticipate 25-30 employers and have an attendee goal of 2,000 skilled jobseekers. Promoted extensively, early registration for this event begins is open NOW. To register or request additional information, please contact VetJobs at 877-838-5627 or e-mail info@vetjobs.com; they will forward an electronic flyer right away. Employers: Mention the Herman Trend Alert to receive a Bonus. CALCULATE THE HIGH COST OF YOUR EMPLOYEE TURNOVER With our Bliss-Gately tool, you can calculate the many hard and soft costs, down to the last penny. Great for justifying your investments in retention! At only $249/computer or $999 for a 6-site license, it is a real bargain! Visit http://www.hermangroup.com/store/software.html to order yours today! Herman Trend Alerts are produced by the Herman Group, strategic business futurists, Certified Management Consultants, authors, and professional speakers. New subscribers are welcome. There is no charge for this public service. The Herman Trend Alert is received by over 30,000 subscribers in 78 countries, in addition to other websites and printed magazines. Do you enjoy receiving this weekly e-mail update? Contact us about our co-branded Trend Alert service. Click here to sign up for the Herman Trend Alert. Subscribe or Unsubscribe to weekly Herman Trend Alert View this week's Herman Trend Alert Archived Weekly Herman Trend Alerts

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