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

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

by Wayne F. Cascio
ISBN-10:
0137070926
ISBN-13:
9780137070923
Pub. Date:
12/22/2010
Publisher:
Pearson FT Press
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Overview

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

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.

Product Details

ISBN-13: 9780137070923
Publisher: Pearson FT Press
Publication date: 12/22/2010
Edition description: New Edition
Pages: 384
Product dimensions: 7.00(w) x 9.20(h) x 1.20(d)

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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