Human Capital Measurement
Colleagues,
Welcome to the 2009 Human Capital Report produced by University Human Resources. This fifth 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 year’s edition continues to examine the retirement outlook and the challenges and opportunities that are facing our organization. As a major segment of the workforce becomes eligible to retire, strategies for recruiting and retaining critical talent and knowledge become ever more important. Using human resource data to understand changing demographic trends allows us to consider proactive plans that respond to the challenges and help sustain our leadership position as a great public research university. This edition provides new information about staff career movement and retention and also includes new data about the shifting age profile of the university’s faculty, staff and retiree population.
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 the development of key performance indicators (KPI) that provide information for further decision making.
The Human Capital Report is part of an overall business intelligence strategy that will integrate human resource and financial 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 upon 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, 2009
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.