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Investing in People: Financial Impact of Human Resource Initiatives, 2nd Edition

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Investing in People: Financial Impact of Human Resource Initiatives, 2nd Edition


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A logical, proven framework for understanding the economic value of human resources investments.

  • A breakthrough approach to HR measurement that aligns HR investments with organizational goals to maximize the benefits of HR dollars.
  • How to choose HR investments that deliver optimal strategic value, and eliminate investments that don't.
  • Specific, proven measurement and analysis techniques for hiring, training, retention, engagement, wellness, and other key HR initiatives.
  • Description

    • Copyright 2011
    • Dimensions: 7" x 9-1/8"
    • Pages: 384
    • Edition: 2nd
    • Book
    • ISBN-10: 0-13-443181-2
    • ISBN-13: 978-0-13-443181-9

    More than ever before, HR practitioners must empirically demonstrate a clear link between their practices and firm performance. In, Investing in People: Financial Impact of Human Resource Initiatives, Wayne F. Cascio and John W. Boudreau show exactly how to choose, implement, and use metrics to improve decision-making, optimize organizational effectiveness, and maximize the value of HR investments. They provide powerful techniques for looking inside the HR "black box," implementing human capital metrics that track the effectiveness of talent policies and practices, demonstrating the logical connections to financial and line-of-business, and using HR metrics to drive more effective decision-making. Using their powerful "LAMP" methodology (Logic, Analytics, Measures, and Process), the authors demonstrate how to measure and analyze the value of every area of HR that impacts strategic value. Among the areas covered in depth are:

    ·    Hiring

    ·    Training

    ·    Leadership Development

    ·    Health and Wellness

    ·    Absenteeism

    ·    Retention

    ·    Employee Engagement

    Readers will master crucial foundational principles such as risk, return, and economies of scale and use them to evaluate investments objectively in everything from work/life programs to training. Also included are powerful ways to integrate HR with enterprise strategy and budgeting and for gaining commitment from business leaders outside HR.

    Sample Content

    Table of Contents

    Acknowledgments     xiv

    About the Authors     xv

    Preface     xvi

    Chapter 1: Making HR Measurement Strategic     1

    Chapter 2: Analytical Foundations of HR Measurement     19

    Chapter 3: The Hidden Costs of Absenteeism     51

    Chapter 4: The High Cost of Employee Separations     79

    Chapter 5: Employee Health, Wellness, and Welfare     115

    Chapter 6: Employee Attitudes and Engagement     143

    Chapter 7: Financial Effects of Work-Life Programs     169

    Chapter 8: Staffing Utility: The Concept and Its Measurement     195

    Chapter 9: The Economic Value of Job Performance     223

    Chapter 10: The Payoff from Enhanced Selection     255

    Chapter 11: Costs and Benefits of HR Development Programs     283

    Chapter 12: Talent-Investment Analysis: Catalyst for Change     309

    Appendix A: The Taylor-Russell Tables     325

    Appendix B: The Naylor-Shine Table for Determining the Increase in Mean Criterion Score Obtained by Using a Selection Device     337


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