Investing in People: Financial Impact of Human Resource Initiatives available in Paperback
More than ever before, HR practitioners must empirically demonstrate a clear link between their practices and firm performance. In this book, 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.
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About the Author
Wayne Cascio holds the Robert H. Reynolds Chair in Global Leadership at the University of Colorado Denver. He has authored more than 150 journal articles and book chapters and 24 books. In 1999 he received the Distinguished Career award from the HR Division of the Academy of Management. He received an honorary doctorate from the University of Geneva (Switzerland) in 2004, and in 2008 he was named by the Journal of Management as one of the most influential scholars in management in the past 25 years. In 2010 he received the Michael R. Losey Human Resources Research Award from the Society for Human Resource Management. His work is cited regularly in the business press. Dr. Cascio is a Fellow of the National Academy of Human Resources, the Academy of Management, and the American Psychological Association. Currently he serves as a senior editor of the Journal of World Business .
John Boudreau is Research Director at the Center for Effective Organizations and Professor of Management and Organization in the Marshall School of Business at the University of Southern California. He is recognized worldwide for breakthrough research on the bridge between superior human capital, talent, and sustainable competitive advantage. He is a strategy, human resource management, and talent advisor and educator in organizations ranging from early-stage companies, to government agencies and Fortune 100 organizations, to large multinational companies. Dr. Boudreau has published more than 60 books and articles, and his work has been featured in Harvard Business Review , The Wall Street Journal , and Business Week . He has won scholarly awards from the Academy of Management. Dr. Boudreau is a fellow of the National Academy of Human Resources and was formerly a professor at Cornell University.
Table of Contents
About the Authors xv
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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