Angela Baron, Michael Armstrong

Human Capital Management (eBook, ePUB)

Achieving Added Value Through People

• Format: ePub

Produktbeschreibung

Human Capital Management (HCM) has recently been described as a high-level strategic issue that seeks to analyze, measure and evaluate how people policies and practices create value. Put simply, HCM is about creating and demonstrating the value that great people and great people management add to an organization.

This unique book describes how HCM provides a bridge between human resource management and business strategy. It also demonstrates how organizations can use the concepts of human resource management and the processes involved to enhance the value they obtain from people while continuing to meet their aspirations and needs.

Baron and Armstrong explain how to achieve these objectives using various approaches including describing the concept of HCM and how the process works, discussing its application in numerous areas within an organization and examining the role of HR in HCM and the future of the concept.

It also contains a toolkit which organizations can use to develop their own HCM policies and practices.

Produktdetails

• Verlag: Kogan Page eBook
• Seitenzahl: 240
• Erscheinungstermin: 3. Februar 2007
• Englisch
• ISBN-13: 9780749451370
• Artikelnr.: 62203193

Autorenporträt

Angela Baron is an advisor at the Chartered Institute of Personnel and Development. Her areas of expertise include; resourcing and organizational development.

Michael Armstrong is the UK's bestselling author of Human Resource Management books including Armstrong's Handbook of Human Resource Management Practice and several other titles published by Kogan Page. With over a million copies sold, his books have been translated into twenty-one languages. He is managing partner of E-Reward as well as an independent management consultant. Prior to this he was a chief examiner of the Chartered Institute of Personnel and Development (CIPD).

Inhaltsangabe

Part 1 The essence of HCM 1 The concept of human capital Intellectual capital
Human capital
Social capital
Organizational capital
Practical implications of intellectual capital theory
Conclusions 2 The concept of HCM HCM defined
Aims of HCM
Rationale for HCM
HCM and HRM
The concept of human capital advantage and resource-based strategy
Conclusions 3 The process of HCM HCM drivers
The HCM journey
Human capital measurement
Human capital reporting
Drawing conclusions
Getting into action
Putting it all together
Developing HCM Part 2 The practice of HCM 4 Human capital data Overall considerations
Types of data
Problems with data collection
A guide to data management
Conclusions 5 Measuring human capital Measurement issues
Classification of measures
Developing measures
Approaches to analysis
Analytical models
Examples of approaches to measurement
Conclusions 6 Human capital reporting Internal reporting
External reporting
Conclusions 7 Applications of HCM The link between HCM and strategic HRM
HCM and talent management
HCM and learning and development
Knowledge management
Performance management as a source of human capital data
Reward management
Supporting and developing line managers Part 3 The role and future of HCM 8 The role of HR in HCM The business partner concept and HCM
HR's role in developing, analysing and using human capital data
The role of HR in enhancing job engagement and commitment
The strategist role
Making the business case
Working with the other functions 9 The skills HR specialists need for HCM Closing the skills gap
Developing a new template for HR
HR versus line manager skills
Conclusions 10 The future of HCM The virtues of HCM
Question marks about HCM
The link between HCM and business strategy
Establishing the link between HR practice and business performance
Understanding and fulfilling the needs of the investment community for better information on intangible value
Convincing senior management
Enlisting the interest and involvement of line management
Convincing HR specialists
Staged development of HCM
Developing the HCM skills of HR specialists
The meaning of added value
What is meant by regarding people as assets
Selecting the measures
Analysing and evaluating the data
The future of external reporting
Conclusions Appendix: The HCM toolkit Purpose of the toolkit
What is an HCM approach?
Do we need to adopt an HCM approach?
How do we adopt an HCM approach?
Introducing HCM
Decide HCM goals
Decide areas to be covered by HCM
Identify measures required and available
Develop internal reports
Develop external reports
How do we operate HCM?