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Human Capital Information System

The HCIS is a software designed strictly in accordance with object oriented design and methodlogy. This makes it not only a lot scalable and the customization a lot easier but also makes the integration of HCIS with other information system simple.

The Value of each individual working in an organization is based on the contributions made by that person to the organization for which organization incurs certain costs. The cost incurred by the organization is generally less than the contributions made by Human Asset.

The important facets to be considered are Acquisition Cost, Development Cost, Current Retention Cost (Gross Emoluments including maintenance and separation cost), Current Performance Appraisal Index (Key Performance Areas Index), Job Satisfaction Index, Future Retention Cost (Future Gross Emoluments including maintenance and separation cost), Potential Appraisal Index, Experience Index, Total Experience of the Employee, Organizational Experience, Measurement of Total Human Capital Value of the Organization, Organizational Climate, Organizational Efficiency, Industry's Efficiency, Labour Turnover, Labour Unrest, Output Per Employee, et. al.

Total Human Capital Value (THCV) After having calculated HC Values for all employees by the above method, we add all the individual values and multiply the total value with, OCI, EFI, LTI, LUI, and OPE. OCI is an organizational factor which shall be measured by the use of primary data using a structured questionnaire. In the second stage OCI may be separately measured for each level in the organizational hierarchy. Other indexes take into consideration the organizational and environmental factors on selected parameters. Hence Total HC value is not the simple addition of individual values of all the employees of the organization. It may be more or less depending upon the organizational and environmental factors.

Scenario Planner:
Along with the reporting facility an advanced scenario planner has also been integrated with the HCIS. This allows for the decision makers to measure the effect of any decisions of action of the management on the Human Capital. Since the predictive capability of the planner is definitive in nature drawing heavily from the statistical models on trend analysis and not merely probabilistic it emowers the managers to plan for development of Human Capital with greater accuracy. The design of the interface has been kept very intuitive in nature and design. Speech Enabled query interface and help sections make the interface highly user-friendly.

Areas of future Research:
1. Development of Human Transformation Index specifications for implementation of the same organizations independent and exclusive of HCIS
2. Detailed study of correlation between the share prices and the Human Transformation Index