Human Capital Value Creation
Strategic planning flows from the business and the organization into a talent cycle: plan, acquire, enlist, engage, evaluate, and reward. What the cycle learns is reinvested, the whole system is supported by strong HR operations, and the payoff is measured in business, talent, and process value.
Strategic planning
Business
- Environment (Economy, Industry, Competition)
- Strategic Needs (Competitive Advantage, Key Success Factors)
- Operational Needs (Process, Function)
Organization
- Define (Culture: Vision, Mission, Values)
- Design (Alignment, Strategy & Structure)
- Development (Change Management)
The talent cycle
- 1. PlanWorkforce: define & forecast
- 2. AcquireBrand, source, select
- 3. EnlistCulture, history, context
- 4. EngageDefine, deploy, motivate
- 5. EvaluateAttitude, knowledge, behavior, results
- 6. RewardRemuneration, recognition
Invest
Define, design, deliver. What Evaluate and Reward reveal is reinvested back into Plan and Enlist.
Support
Administration, Technology, Business Intelligence, AI, Compliance, Compensation, Benefits, Payroll, Org Development & Design, Etc.
Value
Business
- Revenue
- Profit
- ROI
- $/EE
- $/Comp $
Talent
- Capability
- Capacity
- Agility
- Effectiveness
- Efficiency
- Engagement
- Pay:Results
Process
- Turnover
- Costs
- Risk