Measuring the Economic Value of Employee Performance
Shows executives and human resource professionals how to assess the financial worth of their organizationOCOs people and offers tools and insights to calculate the payoff of any investment in an organizationOCOs workforce."
In phase two, human capital is applied to tasks and processes within the various
business units. The outputs are differentiating improvements in customer service,
product or service quality, and/or productivity as measured in unit cost terms.
Learn how to reduce risk and improve return on investments in your company's most important asset - your people - with "ROI on Human Capital Investment." Author Michael E. Echols brings over thirty years of experience managing and educating executives in human capital decision making. In clear, data-based models, Echols examines the financial impact of policies, procedures and actions related to human capital investment decisions. Echols shows that Return on Investment (ROI ) is the key measurement in convincing CEOs to commit resources to people development. Topics covered include: Myths and reality of tuition reimbursement benefits ROI to the employee ROI to the corporation Budget for human capital investment Corporate policies for managing tuition reimbursement benefits HR role with the CEO on investment decisions Written with the busy executive in mind, "ROI on Human Capital Investment" is organized by management topic with cross-referencing to support concepts in other chapters. This book is a must have for human resource managers, organizational development managers, chief learning officers, chief financial officers and chief executive officers running large and small companies.
One of the first observations about the budgeting of human capital investment is
that most corporations don't do it. McKinsey and Co. found that “only 18 percent
of the corporate offices we surveyed strongly agree that our annual talent review
...
'The books should. . . . be bought by every university library. The research reported here is important, the exposition is lucid, the sequencing of chapters is sensible and the retrospective aspect of the volumes provides a fascinating insight into the working methods of one of the great economists of our time.' - Geraint Johnes, International Journal of Manpower Studies in Human Capital, the first volume of Jacob Mincer's essays to be published in this series, assesses the impact of education and job training on wage growth. It offers an authoritative study of the effects of human capital investments on labor turnover and the impact of technological change on human capital formation.
Introduction In my view, human capital plays a dual role in the process of
economic growth: (a) as a stock of skills - produced by education and training - it
is a factor of production, coordinate with physical capital and with 'raw' (
unimproved, ...
The countries of the Middle East and North Africa face booming populations and demographic changes that will have huge consequences in the socio-economic and political spheres. Human Capital offers a guide to the many and varied issues that policy-makers will face in addressing this challenge. The book, organized country by country or sub-region and supported by new statistical data and fresh analysis, covers issues of demography and development in the Middle East, the capital value of rising populations, the workings of the labor market, and the impact of migration and urbanization on the region.
The book, organized country by country or sub-region and supported by new statistical data and fresh analysis, covers issues of demography and development in the Middle East, the capital value of rising populations, the workings of the ...
A Theoretical and Empirical Analysis, with Special Reference to Education
Human Capital is Becker's classic study of how investment in an individual's education and training is similar to business investments in equipment. Recipient of the 1992 Nobel Prize in Economic Science, Gary S. Becker is a pioneer of applying economic analysis to human behavior in such areas as discrimination, marriage, family relations, and education. Becker's research on human capital was considered by the Nobel committee to be his most noteworthy contribution to economics. This expanded edition includes four new chapters, covering recent ideas about human capital, fertility and economic growth, the division of labor, economic considerations within the family, and inequality in earnings. "Critics have charged that Mr. Becker's style of thinking reduces humans to economic entities. Nothing could be further from the truth. Mr. Becker gives people credit for having the power to reason and seek out their own best destiny."—Wall Street Journal
This expanded edition includes four new chapters, covering recent ideas about human capital, fertility and economic growth, the division of labor, economic considerations within the family, and inequality in earnings.
Are people really an organisation's most important asset? Not necessarily; some may be liabilities – but others are the most important drivers of value that an organisation has. But…who are they? How do you know? How can you maximise the value they have and the value they provide? Finding the answers to questions like these is what human capital management is about. Whether public or private, successful achievement depends first on the capability of people, and secondly on their commitment and productivity. Andrew Mayo's Human Resources or Human Capital? discusses how you can ensure the most effective management of these value creating assets. The first part of the book also shows how to create an integrated framework of measures that can become an integral part of the organisation's performance management – and how companies have done this in practice. The modern Human Resources (HR) function desires to be involved, relevant and supportive of the business and its strategies – but often seems not to be so. For human capital management to be effective, it is HR that must initiate the necessary mindsets, frameworks and processes. Part two of this book shows how to do this strategically and successfully, and how HR can be a serious and credible 'Business Partner', enabling managers to achieve their goals through their people and adding real value to all the stakeholders of the organisation. The book includes 'action challenges' with every chapter and numerous practical examples of the application of its messages.
1.1 The stakeholder map in a commercial organisation 10 1.2 Stakeholder
equilibrium 12 1.3 The value creating process 18 2.1 Components of intellectual capital 51 2.2 The value of people 60 2.3 A people value matrix 65 2.4 Showing
team ...
Building the Foundation for a Multi-Disciplinary, Multi-Level Theory
Perspectives on Human Capital and Assets goes beyond the current literature by providing a platform for a broad scope of discussion regarding HC&A, and, more importantly, by encouraging a multidisciplinary fusion between diverse disciplines.
Thequestion then is the following: how does a firmknow they are using
theirhuman capital properly, or iftheyare getting the greatest value fromthis
intangible asset? To answer these questions, it poses the need for a firm's human
resources ...
Building the Foundation for a Multi-Disciplinary, Multi-Level Theory
The issues discussed in this book are the building blocks needed for an interdisciplinary theoretical framework that will allow for value creation and reporting by the most important assets organizations have, its human capital.
Inaddition, Axand Marton (2008) found a weak statistical association
betweenhuman capital disclosure in annual reports andinternal human capital
management practices.This indicates that althoughcompanies have internal
management ...
