Cliché to Reality
From Management Cliché to Operational Reality
How many times have you heard the expression “People are our greatest assets” or similar clichés such as “People are our business” and “Excellence through people”; instead of a positive message, far too often Organisations actions result in negativity and cynicism. The foundation of all high performing organisations is the value that their people bring and subsequently generate, but what is value? Or in terms of people how do we define “human capital”? Once defined, how do we identify it and how do we measure it?
EmpIndex® is a new innovative business solution that addresses this challenge, and allows an organisation to truly prove that its people are its greatest assets.
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Quantifying Human Value
Identifying and Quantifying Human Value
Often labelled and put in the “all too difficult box”; EmpIndex Ltd was conceived to specifically take on the challenge of identifying and quantifying the value of human capital across an organisation. In doing so the company has not only created a unique patent pending business solution – EmpIndex® (“employee-index”) but has in-fact contributed to the development of a new market space – Employee Value Dynamics™.
Its unique business implementation toolset and solution, aligning leading academic research, capitalising upon evidence based practice, and utilising concepts from professional sports science is a quantum leap forward on existing workforce analytics solutions as its foundations are built upon individual employee value.
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Commercialising
Commercialising Human Resources
EmpIndex® uses the concepts of systems dynamics to “level the playing field“, thereby enabling an organisation to accurately measure any employee, department, area or region against any other within the business and determine the true value that they are contributing to the overall business objectives. This value is represented by a single figure – an index for employees, and through aggregation of all employee index scores, a human capital index for the entire organisation can be determined.
As a consequence the organisation can now determine levels of value contribution either at employee, team, group, region or company wide. From a financial management accounting perspective the solution provides empirical data regarding the organisations investment in people and where this is actually delivering results.
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Benefits Realised
The business intelligence that EmpIndex® generates in relation to the performance of an organisations employees intrinsically creates significant value. In doing so EmpIndex®
- contributes to an organisations efficiency and effectiveness
- delivers uniform employee centric corporate performance metrics, that are both transparent and fair, aligned to an organisations objectives
- quantifies employee contribution and value in terms of both cost and human capital investment
- delivers strategic high return on investment for both public and private sector business challenges
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Insights
Gaining Insight and Understanding
EmpIndex® enables an organisation to possess a unique perspective of its people; gaining insight and understanding….
- into the organisation’s true value of human capital against its business objectives
- as to why the organisation values specific employees and what makes them effective
- of an individual business unit performance in terms of human capital and effectiveness
- of in-depth workforce analytics based upon value and contribution
- of the performance gap between workforce and organisation
- enabling an organisation to financially quantify its human capital
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