current & future trends in the human capital management industry

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May 9-11, 2016 | Nashville, TN

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Page 1: Current & Future Trends in the Human Capital Management Industry

May 9-11, 2016 | Nashville, TN

Page 2: Current & Future Trends in the Human Capital Management Industry

More Than a Trend…

Human Capital management moves from small data to

BIG data

Page 3: Current & Future Trends in the Human Capital Management Industry

Source: Staffing Industry Analysts 2015 North America Contingent Buyers Survey

Non-employee Spend Under Management

VMS Adoption Continues to Grow

Page 4: Current & Future Trends in the Human Capital Management Industry

Temp Agency Worker

Independent Contractor

Statement of Work Consultant

Outsourced Worker

Employees

Workforce

Page 5: Current & Future Trends in the Human Capital Management Industry

Visualization Turns To Meaning

Current trend of visualizing workforce data

New tools enable people to gain useful business meaning from data

Page 6: Current & Future Trends in the Human Capital Management Industry

Benchmarking Today:

Supplier vs.

Supplier

Page 7: Current & Future Trends in the Human Capital Management Industry

RFQ Master Direct-source Self-sourced

Benchmarking Today:

By Source

Type

Page 8: Current & Future Trends in the Human Capital Management Industry

High variance

High degree of rate overlap across all levels within Job Title Benchmarking Today:

Look within at

Levels

Page 9: Current & Future Trends in the Human Capital Management Industry

Job Title: Mechanical Engineer

Level overlap shown by

stacked columns

Page 10: Current & Future Trends in the Human Capital Management Industry

Possible Causes of Rate Variance

- Location - Duration

- Sourcing channel - Individual suppliers

- Partial articulation of need via vague job titles

Page 11: Current & Future Trends in the Human Capital Management Industry

Job Titles are “Species” of Distinct Genetic Make-up

True Market Rates

Market Rate Forecasting

Supply / Demand Dynamics

Workforce Mix Comparisons

Workforce Location Comparisons

Program Model Performance Comparisons

Page 12: Current & Future Trends in the Human Capital Management Industry

Job Titles Have Become

Mutations of Many Things

Front-end Java Java/Oracle Mobile Apps SQL Server

.NET C# Hadoop Scientist SAP ABAP WordPress

Job Title: Software Developer

Page 13: Current & Future Trends in the Human Capital Management Industry

Work Attributes Comprise the DNA of Job Titles

Page 14: Current & Future Trends in the Human Capital Management Industry

Companies Do Not Have a Standard Job Title and Level Taxonomy to Create “Market” Rates

For the First Time Ever, Technology is Enabling Dynamic Job Title Taxonomies and Building Confidence

Page 15: Current & Future Trends in the Human Capital Management Industry

Your Turn to Talk. How Do You Feel?

Page 16: Current & Future Trends in the Human Capital Management Industry

CONTACT INFORMATION Feel free to contact me with questions or comments about this

presentation.

Christopher Minnick Vice President, Brightfield Strategies [email protected]

(212) 448-1844 http://www.brightfieldstrategies.com/