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Infohrm Releases New Workforce Planning Application to Quantify the Financial Cost of Future Talent Decisions"What-If?" Financial Modeling Capabilities Demonstrate Bottom-Line Impact of Human Capital Investments (June 05, 2008)
WASHINGTON, DC -- (MARKET WIRE) -- 06/05/08 -- Infohrm, the global leader in workforce planning, reporting, and analysis solutions has announced the release of its "What-If?" financial modeling application for workforce planning. For the first time, organizations will be able to quantify the implications of various talent management scenarios, comparing the true business impact of employee hiring, development, and retention decisions. Equipped with the new application, Human Resources professionals can now create workforce models and strategic plans with the same analytical power as Finance and Operations.
"The market demands a workforce planning application that can integrate with financial and strategic planning cycles," said Brian Kelly, Infohrm's President of North America. "Infohrm's 'What-If?' financial models increase the power of workforce planning by demonstrating how different talent management scenarios will materially impact the entire organization."
In addition to the "What-If?" functionality, Infohrm's workforce planning application now offers integrated external labor force supply and salary data, such as that provided by the Bureau of Labor Statistics, the ability to view forecasts by business unit or job family, and competency- or FTE-based workforce plans. The entire process is fully automated, enabling rapid deployment and ease-of-use.
The application's initial release was at the Infohrm Workforce Planning Summit, held at the JW Marriott Las Vegas Resort & Spa on May 19-20, 2008. The event discussed proven methods of workforce planning and highlighted how workforce planning should integrate with financial and strategic planning processes. Speakers included Google, Microsoft, Safeco Insurance, Ameriprise Financial, Starbucks, Freddie Mac, Greater Baltimore Medical Center, and The Williams Companies.
About the Infohrm Workforce Planning Program
Infohrm's membership program provides the methodology, tools, training, advice, coaching, and technology to support your in-house workforce planning function. Infohrm manages the extraction of workforce data from your HRIS to deliver a state-of-the art, user friendly, web-based interface that facilitates workforce planning forecasts and gap identification. Leveraging Infohrm's consulting and training services ensures that HR professionals are fully equipped to design and deliver workforce plans to audiences across the organization.
Infohrm is the global leader in on-demand workforce planning, reporting, and human capital analytics solutions. With over 25 years of experience, and a strong customer base consisting of Fortune 1000, non-profit, and government clients, Infohrm has paved the way for organizations to measure the impact of human capital initiatives and drive business results. The Infohrm solutions couple a leading edge on-demand technology platform with strategic consulting and training services to focus on the analysis of data to help organizations make informed decisions around human capital practices.
In April 2008, Gartner named Infohrm to its "Cool Vendors for Human Capital Management Software" report.
Infohrm's Advanced Workforce Planning. Delivered. Today.
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