Human Capital Standards and Analytics

As we move to the intelligence age, organizations are realizing the need to measure the return on human capital, leading to the emergence of the new discipline of Human Capital Standards and Analytics. This discipline deals with developing standards for measurement of human capital to enable organizations to build the foundation for strategic advantage, using predictive or leading business indicators that can inform the business leaders’ strategic planning and decisions. This discipline emphasizes creating minimum but effective HR Standards and Human Capital Analytics that all organizations and HR professionals can use to measure the value of an organization’s people and also take measures to improve them, for the purpose of enhancing organizational performance. The focus is on effective Human Capital Management, linking it to organization performance, workforce effectiveness, productivity and measures that have a wider impact on the organization and help link Human Capital Performance to organizational performance.