Effective human capital management stretches far beyond supervising employees and ensuring future access to key talent and skills. It requires executives to harness the capabilities and potential of their workforces so they can deliver constant improvements throughout the organization.
Traditional systems and processes can’t provide human capital executives with the information they need to effect on-going performance gains in many different parts of the enterprise. And they’re certainly not able to supply them with the real-time data they need to manage the highly flexible workforces required by agile digital businesses.
More and more organizations are investing in comprehensive workforce management solutions that can deliver real-time insights into their employees’ performance, abilities and potential. Such solutions enable human capital executives to become business orchestrators who optimize their organization’s diverse talent and skills so that it can be smarter and quicker than its competitors. The workforces at such organizations are not static and highly structured but instead they’re dynamic and liquid. They can quickly adjust, and acquire new skills and capabilities, to meet the frequently changing demands of the business.
The breadth of real-time information that new workforce management solutions can deliver enables organizations to break out of the confines of traditional human resources operating models. They can replace these often cumbersome structures with new models designed to support flexible, dynamic and fast-moving businesses. Just-in-time human resources; professional services; talent segmentation; crowdsourced, lean human resources; and decentralized models are just some of the options. Each of them allows human capital executives to harness critical workforce skills and capabilities to make their organizations more responsive and agile.
Most of these new workforce management solutions are delivered on-demand from cloud computing platforms. This ensures they’re highly flexible and scalable and can be rolled out quickly. It also cuts up-front expenses and enables accurate costing.
Our Cloud First initiative has helped a wide range of organizations, from many different industries, implement these new-generation workforce management solutions. Many of these organizations are already reaping substantial benefits from this new technology. They’re galvanizing the skills and experience of their workforces to improve efficiencies, create new business opportunities and foster a culture of continuous innovation.
We recently strengthened our workforce management capabilities by concluding an agreement to acquire Workday services provider DayNine. The US company, like Accenture, has a long track-record of successfully deploying Workday’s extensive workforce management applications. By combining our Workday professionals we’ll create the largest global team of Workday-certified specialists.
Our intended acquisition of DayNine demonstrates the growing importance of advanced workforce management solutions. These powerful suites of applications will greatly enhance the ability of organizations to harness the capabilities of their workforces. And they’ll increasingly provide human capital professionals with opportunities to improve the performance of many facets of their businesses.
For further information about new workforce management solutions, have a look at these links. I’m sure you’ll find them worthwhile.
For more information about Accenture’s proposed acquisition of DayNine, follow this link.