Investing in Your Company's Human Capital: Strategies to Avoid Spending Too Little -- or Too Much

Investing in Your Company's Human Capital: Strategies to Avoid Spending Too Little -- or Too Much

by Jack J. Phillips


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"Foreword by Jac Fitz-enz, author of The ROI of Human Capital

The importance of an organization's human capital — its people — cannot be overstated or overlooked, but like any other asset, it must be carefully managed and monitored. The people in a company reflect the investment not only of money, but also of the time dedicated to developing and executing projects and programs. Investing in Your Company's Human Capital presents five strategies for establishing appropriate levels of investment — monetary and otherwise — in workforce initiatives. The book addresses four overarching questions:

• How much should we invest in human capital, and is it possible to spend too much?

• Why is it important to invest (and invest properly) in human capital?

• What measures should be monitored? (the author identifies 24)

• What are the roles of the CEO and other executives and senior team members?

A practical approach to an often mishandled asset, Investing in Your Company's Human Capital is a valuable tool for driving any enterprise's bottom line."

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Product Details

ISBN-13: 9780814414026
Publisher: AMACOM
Publication date: 06/03/2005
Pages: 304
Product dimensions: 6.00(w) x 9.00(h) x 0.64(d)
Age Range: 17 Years

About the Author

Dr. Jack Phillips (Chelsea, AL) is known for his ROI methodology, a process that provides hard numbers and accountability for HR, performance improvement, and other programs. He is the author or editor of more than 40 books, including The Human Resources Scorecard.

Table of Contents


Foreword by Jac Fitz-enz

IntroductionPart One How Much Should We Invest in Human Capital? Five Strategies for Decision Making

Chapter 1. Let Others Do It

Chapter 2. Invest the Minimum

Chapter 3. Invest with the Rest

Chapter 4. Invest Until It Hurts

Chapter 5. Invest as Long as There Is a Payoff

Part Two Why Does This Matter? The Importance and Value of Human Capital

Chapter 6. What We Know from Logic and Intuition

Chapter 7. What We Know from Macrolevel Research

Chapter 8. What We Know from ROI Analysis

Part Three What Can We Measure? The Current State of the Art

Chapter 9. Current Human Capital Measures

Part Four What Is the Executive's Role? Why and How Top Management Should Be Involved in Human Capital Management.

Chapter 10. Creating and Using the Human Capital Scorecard

Chapter 11. Executive Commitment and Support

Appendix A Self-Test: How Results-Based Are Your Human Resources Programs?

Appendix B CEO Commitment Checklist


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