Human Capital Management

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en Limba Engleză Paperback – 28 Sep 2008
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.
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ISBN-13: 9780749453848
ISBN-10: 0749453842
Pagini: 226
Dimensiuni: 155 x 231 x 15 mm
Greutate: 0.34 kg
Editura: Kogan Page


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;
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?


"[A] comprehensive guide to human capital management for HR managers and more general senior managers alike." - Rapport

Notă biografică

Angela Baron, Michael Armstrong