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What accounts for an average 70% of operating expenses in most organizations? Human capital costs - also referred to as TCOW or total cost of workforce. While exact percentages may vary, these costs are generally the single biggest organizational expense in companies large and small. Given their fluid and rapidly changing nature, workforce costs are also extremely difficult to manage and control.
The finance tools of choice, spreadsheets and budgets, are not only challenging to read, but quickly become dated and require constant manual attention. Similarly, HR's position requisition forms and records provide little value in managing continuously changing workforce costs. The good news? Tools such as organizational charts provide a surprisingly simple solution.
Join Jeff Higgins, CEO of the Human Capital Management Institute, as he draws from his unique blend of workforce management and financial leadership roles to discuss strategies for managing workforce costs in a transparent and effective way. As former Workforce Analytics and Planning Practice Leader at Infohrm, EVP of Workforce Planning at Countrywide Financial, VP of finance at Johnson and Johnson and as a CFO at Klune Industries, Jeff has implemented workforce cost management techniques that have both sides of the Executive hallway - HR and Finance - nodding in agreement.
What accounts for an average 70% of operating expenses in most organizations? Human capital costs - also referred to as TCOW or total cost of workforce. While exact percentages may vary, these costs are generally the single biggest organizational expense in companies large and small. Given their fluid and rapidly changing nature, workforce costs are also extremely difficult to manage and control.
The finance tools of choice, spreadsheets and budgets, are not only challenging to read, but quickly become dated and require constant manual attention. Similarly, HR's position requisition forms and records provide little value in managing continuously changing workforce costs. The good news? Tools such as organizational charts provide a surprisingly simple solution.
Join Jeff Higgins, CEO of the Human Capital Management Institute, as he draws from his unique blend of workforce management and financial leadership roles to discuss strategies for managing workforce costs in a transparent and effective way. As former Workforce Analytics and Planning Practice Leader at Infohrm, EVP of Workforce Planning at Countrywide Financial, VP of finance at Johnson and Johnson and as a CFO at Klune Industries, Jeff has implemented workforce cost management techniques that have both sides of the Executive hallway - HR and Finance - nodding in agreement.
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Archived Webinar:
Managing the Total Cost of the Workforce
Managing the Total Cost of the Workforce
What you will learn:
- Total Costs of the workforce, breaking the binge, purge cycle with better tools and controls
- Which techniques work...and which don't
- Strategies to track and manage workforce costs
- How to pinpoint problem areas and develop solutions
- Jeff Higgins, CEO and Principal, Human Capital Management Institute
- Mike Fleck, Director of North American Sales, HumanConcepts
- Grant Cooperstein, Sr. Consultant and Principal, Human Capital Management Institute
