Human Capital Measurement
Colleagues,
Welcome to the 2007 Human Capital Report produced by University Human Resources. This third edition is a result of the University of Michigan’s increasing need for high-quality human resource decision data. A significant part of the University budget is committed to our workforce to fund compensation and benefits, making human resource data critical to our stewardship and to building our investment.
This edition delves deeply into the retirement outlook and the risks and opportunities that are facing our organization as well as many others across the country. As a major segment of the workforce becomes eligible to retire, the University faces the prospect of an outflow of the critical talent and knowledge that contributes to its quality and position as a great public research university. Using human resource data to understand such demographic trends allows us to consider proactive plans that respond to the challenge and help sustain our leadership position. This edition is a call to action in targeted areas for University leadership in partnership with HR.
Nationally, human resource leadership is interested in metrics and decision data that support enterprise-wide strategies to build the capability and capacity of the workforce. Areas of focus include employee motivation, leadership team capability, employee competency and training and development return on investment.
The Human Capital Report is part of an overall business intelligence strategy that will integrate human resource, financial and student data from across the organization to provide even more rigorous data for future editions of this report. We will also continue to expand and improve the content based on national trends and best practices that are supported by business intelligence.
Human resource management is dynamic in our complex and evolving community, and access to high-quality, accurate decision support data is vital to predicting and successfully responding to workforce trends. With each new edition of this report, we strive to create greater understanding of ourselves as a community so we can work together for the most successful future possible.
Yours in partnership,
Laurita Thomas
Associate Vice President for Human Resources
July 2007
Note: This report is available in downloadable PDF files requiring Acrobat Reader. You may download the complete report or any section of it. If you do not already have Acrobat Reader installed, you can download it for free from Adobe.
Click here for a printable version of the complete report (103 pages)
