HCM : Human Capital Management

Employees are assets that are directly linked to long-term shareholder value. Human Capital Management (HCM) is the managing and tracking of employees to improve the bottom line while at the same time improving morale and performance.

Workforce optimisation is a key component of HCM. Throughout the 1990s, despite companies implementing a number of systems for payroll and finance, they fell short because they did not allow ongoing measurement of the workforce against the business strategy.

Rostima allows companies to track employee performance through activity-based planning and management on the day. The rules based optimisation engine is used to plan and assign employees according to business demand and employee preferences. Modelling the most efficient way to schedule and assign staff is key to ensuring that utilisation and retention of employees is as high as possible.

The Rostima solution is designed to Plan, Analyse, Model, Assign, Adjust and Track employees, allowing the Adjustment and Tracking of plans on an hourly basis to measure actual performance against planned performance. This information is important for the Balanced Scorecard along with financial and customer data. This information allows operational managers to take a key role to in the overall measurement of workforce performance. Labour strategies can be implemented and tracked using the Balanced Scorecard approach with operational activities linked back to the overall business strategy.

Planning a labour strategy is key to ensuring that what is required at an operational level is budgeted for and measured against. Rostima captures information on what activities are assigned to employees and the utilisation of employees within a shift and within a schedule. This productivity is balanced against retaining and recruiting the right staff by tailoring schedules based on local conditions.

HCM is all about balance. The Rostima solution is designed to balance the need to deliver efficient schedules that are productive and ensure that employee turnover is minimised.

For further information contact us directly on +44 (0)1628 581 630.