Achievant Launched to Help Banks, Credit Unions With Human Capital Management.Former Baker Hill Executive Forms First Human Capital Management Company Exclusively Focused on Financial Services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. Industry INDIANAPOLIS -- A new company, Achievant, has been established to help banks and credit unions maximize the performance of their most valuable assets, their people. The company, based in Indianapolis, Ind., is focused on improving financial institutions' ability to recruit, assimilate as·sim·i·late v. 1. To consume and incorporate nutrients into the body after digestion. 2. To transform food into living tissue by the process of anabolism. , compensate and manage the performance of employees while insuring the actions of employees align align (  līn),v to move the teeth into their proper positions to conform to the line of occlusion. with organizational goals. Achievant expects to help financial institutions better manage some of the more than 2.2 million people working within the financial services industry (according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. the 2002 U.S. Census Bureau Noun 1. Census Bureau - the bureau of the Commerce Department responsible for taking the census; provides demographic information and analyses about the population of the United States Bureau of the Census , consisting of commercial banks, savings institutions and credit unions). The industry is expected to continue to grow over the next five years at a time when indisputable demographic shifts, specifically retiring baby boomers See generation X. , are occurring that will reduce the size of the labor pool. "We see a tremendous opportunity to bring a human capital management solution to the small- and medium-sized bank and credit union market," said James S. Hill, founder and president of Achievant. "We are focused on helping our clients attract and retain quality people. We bring a process and 'best practices' oriented o·ri·ent n. 1. Orient The countries of Asia, especially of eastern Asia. 2. a. The luster characteristic of a pearl of high quality. b. A pearl having exceptional luster. 3. approach created exclusively for the needs of our financial institution clients, which means our customers will more easily implement and attain the measurable results they desire from process improvement." Hill spent 16 years with Baker Hill, in Carmel, Ind., in executive sales and marketing positions and managed the launch of several hosted technology offerings to the firm's banking customers. Achievant offers financial industry and application-specific best practices, process expertise and a hosted technology platform to enable process change. The Achievant application contains pre-populated content, including job descriptions, incentive plans, performance review templates and compensation matrices, greatly reducing the effort and time to deploy capabilities. Hill has assembled as·sem·ble v. as·sem·bled, as·sem·bling, as·sem·bles v.tr. 1. To bring or call together into a group or whole: assembled the jury. 2. an experienced group of banking and human capital management executives to help build the company. Joining Hill on the management team are Joseph D. Barrett, Sr., as vice president of sales and Sue A. McMillen, as vice president of professional services (job) professional services - A department of a supplier providing consultancy and programming manpower for the supplier's products. . Both individuals bring experience in multiple aspects of human resources The fancy word for "people." The human resources department within an organization, years ago known as the "personnel department," manages the administrative aspects of the employees. including recruiting, employee relations, compensation, benefits administration, performance management, training, leadership development and change management. Barrett spent 15 years at Eli Lilly Eli Lilly can refer to:
"Providing strategic human capital management capabilities is not as simple as implementing technology," said McMillen. "A company must fix the processes first and then manage the change within the organization. We are all about delivering results that are tailored to our customers' specific needs." "We are targeting small and medium sized financial institutions who rely on their people to build their businesses," said Barrett. "These organizations understand the strategic importance of improving their human capital processes, but often don't know Don't know (DK, DKed) "Don't know the trade." A Street expression used whenever one party lacks knowledge of a trade or receives conflicting instructions from the other party. where to start. We help guide our customers through a logical deployment process." Achievant's initial human capital management services and technology platform supports recruitment, the processes necessary to bring a new hire into the organization and get them productive as quickly as possible, referred to as employee onboarding, compensation and performance management processes. About Achievant Achievant, headquartered in Indianapolis, Ind., helps banks and credit unions maximize the performance of their most valuable assets, their people. Achievant's focus is improving the recruitment, onboarding, compensation and performance management processes within financial institutions. These activities and processes are now being referred to as human capital management. The company offers financial industry and application specific best practices, content, process expertise and systems to enable measurable process improvement. For more information call 877-566-9090 or visit the company's website at www.achievant.com. |
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