Investing in People: Financial Impact of Human Resource Initiatives

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.