(Length: 14 pages)

February 28, 2005

Best Practices In IT Human Capital Management

by Craig Symons

with Paul D. Hamerman, G. Oliver Young


Executive Summary (This is a document excerpt)

Today, more than 85% of a typical S&P 500 company's market value is the result of intangible assets. For many companies, the bulk of these intangible assets is its people, its human capital. It is no longer what you own that counts but what you know. This is particularly critical in IT organizations, because it is the technical expertise and experience of the IT staff that means the difference between success and failure. With the economy improving and IT budgets rising, competition for IT talent, especially in key skill areas, is bound to intensify. At the same time, the improving hiring picture in IT will most likely mean higher turnover, as many unhappy IT staffers who have seen workloads increase while compensation and benefits stagnate will put even more pressure on IT management. However, by employing human capital management best practices, IT management can differentiate their organizations and gain competitive advantage in the recruiting and hiring of top IT talent, retain a greater percentage of their existing talent, and improve the execution of their strategic goals.

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TABLE OF CONTENTS

NOTES & RESOURCES

itemThe Case For Human Capital Management

itemCompetency Models Form The Core

itemPrivate Talent Pools Provide A Talent Pipeline For Key Positions

itemStrategic Job Families Recognize Critical Roles

itemProactive Development Improves Employee Retention And Job Performance

itemA Performance-Driven Culture Ties Strategy To Execution

itemPutting It All Together

recommendations

itemIT Needs To Build A Human Capital Management Capability

Forrester reviewed hundreds of related client inquiries and interviewed several vendors and end user companies.

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itemIT Skills Shortages On The Horizon

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itemTrends 2005: Human Capital Management

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itemThe Cost Of Turnover In IT

March 30, 2004, Quick Take

itemHuman Capital Management: A Strategic Imperative

May 28, 2002, Planning Assumption

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Analyst: Craig Symons
Technology: Human Capital Management, IT Management
Geography: Asia Pacific, Europe, North America

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