Sample Projects
The Vienna Human Capital Index™ is a valuable tool that can help companies address a variety of business performance issues. Vienna Index™ projects fall into two categories: Business Issues and General Management Reporting.
Business Issues
The Vienna Index can be of value in measuring the impact of several business issues, as well as isolating the opportunities to effectively address these issues. Several good examples of these business issues include: under-performing business units, business consolidations, mergers & acquisitions, change management initiatives, comparison of business units and comparison to industry peers. The Vienna Index can add insight and value to each of these issues, as follows:
Under-performing Business Units
- Determine the extent to which the performance of the human capital investment is contributing to the problem.
- Determine which aspects of the human capital investment are contributing to the problem.
- Diagnose the human capital issues contributing to the problem.
- Measure the impact on ROI and productivity of potential solutions to the performance problem.
Business Consolidations
- Businesses consolidate operations for a variety of reasons.
- Determine the impact on ROI and productivity for various business consolidations, such as locations or business units.
Merger & Acquisitions
- Determine a baseline for each company and identify opportunities for improvement.
- Forecast the impact on ROI and Productivity of the merger or acquisition.
- Analyze the outcome of the merger or acquisition.
Change Management Initiatives
- Determine a baseline to measure progress.
- Forecast the expected outcome.
- Measure progress.
Comparison of Business Units
- Create value through the comparison of business units.
- Measure the ROI, Productivity and Liquidity across business units to identify high performers.
- Identify and emulate relevant best practices across units.
- Forecast the impact on business performance of elevating results to best in class.
Comparison to Industry Peers
- Create value through peer comparisons.
- Measure the ROI, Productivity and Liquidity across a set of peer companies.
- Identify and emulate relevant best practices.
- Forecast the impact on business performance of elevating results to best in class.
Management Reporting
The Vienna Index can be used for general reporting purposes within the organization, including the C-suite, the Board and the respective business units. The timing for this reporting typically would follow the frequency of reviews of overall business financials.
C-Suite Reporting
The most prevalent application for the Vienna Index is periodic reporting for the C-suite team. The frequency of the reporting typically parallels the review of financial results for the business, quarterly or semi-annually. The theme for these reports is continuous improvement.
- Review ROI, Productivity and Liquidity against plan and trend for the business and operating units.
- Detailed analysis of factors driving the results.
- Identification and agreement on changes in human capital strategy to improve results overall and across business units.
Board Reporting
Another prevalent general reporting application for the Vienna Index is periodic reporting to the Board of Directors. The frequency of the reporting typically parallels the review of financial results for the business. As with C-suite reporting, the theme of these reports is continuous improvement.
- Review and compare ROI, Productivity and Liquidity against plan and trend for the business and operating units.
- Briefing on changes in human capital strategy to improve results overall and across business units.
Business Unit Reporting
Another prevalent reporting application is to the heads of the business units. Typically, this would occur quarterly or semi-annually. The theme for these reports is continuous improvement.
- Review and compare ROI, Productivity and Liquidity against plan and trend for the business and comparison to other operating units.
- Detailed analysis of factors driving the results.
- Identification and agreement on changes in human capital strategy to improve business unit results.