New Human Capital Institute Research Focuses on Top Three Concerns of HR Professionals
Affordable Care Act, Analytics and Workplace Agility Top List of Concerns According to Study
NEW YORK (March 25, 2014) — The Human Capital Institute (HCI), the global institution for strategic talent management, announced the premiere of its newest research report, “Talent Pulse,” which is a quarterly research e-book that explores the latest trends and challenges in managing talent. Designed to provide HR practitioners and decision makers with high-quality information they can put into practice, Talent Pulse empowers leaders and employees to effectively address future HR challenges.
“We pride ourselves on providing our members with insightful research and expert advice that enables them to apply innovative practices to transform their organizations. For our new Talent Pulse report, we wanted to focus on the primary talent management and business concerns that we are hearing from our members,” said Carl Rhodes, Chief Executive Officer of HCI. “In addition to providing relevant statistics and analyses, Talent Pulse also clearly lays out important steps that can be taken by professionals to address their organization’s concerns. For this quarter’s report, those steps include continuously reviewing the new healthcare laws to ensure ongoing compliance and developing the skills necessary to analyze talent data within an organization.”
The first Talent Pulse report focuses on the top three concerns of HR leaders, according to a study of HCI members – the Patient Protection and Affordable Care Act, HR data analytics, and workplace agility. For the report, HCI interviewed thought leaders, conducted secondary research of existing publications and papers, and surveyed more than 350 professionals, ranging from individual contributors to C-level executives.
Key findings from the data analysis include:
- The Affordable Care Act is not a primary concern for HR leaders, despite compliance with the law being a major point of focus for organizations. When it came to preparedness for the impending changes, half of the participants in the study indicated that their HR departments were prepared to navigate the changing healthcare environment. Some respondents did express concern about the unknown impact of the Act, including the “Cadillac tax” of 2018, as well as the sustainability of the law.
- Increased communication and education, external expert consultations, and adding or adjusting employee benefits are the top three actions that organizations are taking in preparation for the law’s impact.
- Business leaders may need more of an education in talent analytics than HR leaders. Companies can use “Big Data” to make informed HR decisions, yet two-thirds of business leaders are not satisfied with HR analytics capabilities and are not requesting more sophisticated analyses or taking measures to implement them.
- While agility is a valued characteristic, it currently does not flourish within larger, more hierarchical businesses. According to the Talent Pulse study, agility is more of a challenge for organizations with more people and processes.
- Agility is related to greater financial success. The authors of the Talent Pulse report analyzed a subset of respondents and found that organizations that perform better financially also report more continuous processes and higher agility.
Key contributions to Talent Pulse were provided by several HCI research partners, including Appirio, Infor, Kelly OCG, Oracle Human Capital Management, PI Worldwide, SumTotal, Saba and Workday. Future issues of Talent Pulse will focus on additional areas of interest for HR and business professionals, including talent acquisition, learning and development, and management and leadership.
A complimentary copy of Talent Pulse can be downloaded from: http://www.hci.org/hr-research/2014-talent-pulse-hr-strategy-and-analytics. The report is accompanied by three related podcasts featuring research contributors, available at: http://www.hci.org/node/type/hci_podcast.
About Human Capital Institute (HCI)
HCI seeks to educate, empower, and validate strategic talent management professionals to impact business results through the acquisition of insights, skills and tools that are contextualized through research, practice, expert guidance, peer learning, and self-discovery. Visit HCI.org to learn more.