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Date Submitted: 09/05/2015 10:10 PM
Human Capital Strategy Resource: A case study illustrating the UGM approach
UGM Consulting
A detailed case study to illustrate our work in Strategic Human Resource Management
Background
A large Australian company approached us to develop a People Plan, including how talent could best be managed to provide
the constant pipeline of leaders the company recognised it would need to drive its growth objectives. This involvement spanned
five-years, giving us an unrivalled opportunity, most unusual for consultants, to trial some new approaches and follow them
through in the challenging setting of a large, fast growing company. It enabled us to put into practice and evaluate cutting edge
ideas from around the world about how companies can best:
• integrate talent management activities
• align them with company strategy
• ensure they deliver maximum business impact.
Managing Human Capital for Results
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Human Capital Strategy Resource: A case study illustrating the UGM approach
UGM Consulting
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Human Capital challenges
In today’s economy with its focus on knowledge and services, it is now widely accepted that the key that opens the door to
business success is talent. ‘People are our best asset’ has become a predictable mantra and, in that respect, our client was no
different from other organisations. The talent challenges facing the company were also similar. Each year it got harder to attract
and retain good people: what McKinsey termed the ‘War for Talent’ was upon us. Clearly, this intensified as the company
increasingly moved away from manufacture and towards value-added services.
These changes enabled us to mount a compelling argument that the company’s critical competitive advantage was likely to be
associated with its culture and its people – the two features hardest for rivals to imitate quickly. The problems included:
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The changing nature of the work the company did, with the need now to ‘mobilise minds’ not...