Making Human Capital Analytics Work: Measuring the ROI of Human Capital Processes and Outcomes (BUSINESS BOOKS) - Hardcover

Phillips

Hardcover

ISBN 10: 0071840206 ISBN 13: 9780071840200

Publisher: McGraw Hill, 2014

Synopsis

PROVE THE VALUE OF YOUR HR PROGRAM WITH HARD DATA

While corporate leaders may well know the value of human capital, they don’t always understand the extent to which the HR function contributes to the bottom line. So when times get tough and business budgets get cut, HRdepartments often take the first hit.

In this groundbreaking guide, the cofounders of ROI Institute, Jack Phillips and Patti Phillips, provide the tools and techniques you need to use analytics to show top decision makers the value of HR in your organization.

Focusing on three types of analytics--descriptive,predictive, and prescriptive--Making Human Capital Analytics Work shows how you can apply analytics by:

• Developing relationships between variables
• Predicting the success of HR programs
• Determining the cost of intangibles that are otherwise diffi cult to value
• Showing the business value of particular HR programs
• Calculating and forecasting the ROI of various HR projects and programs

Much more than a guide to using data collectionand analysis, Making Human Capital Analytics Work is a template for spearheading large-scale change in your organization by dramatically influencing your department's overall image within the organization.

The authors take you step-by-step through the processes of using hard data to drive decisions and demonstrate the tangible value of HR.

You know that your department is more than administrative and transactional--that it's an integral player in your company's strategy. Apply the lessons in Making Human Capital Analytics Work and ensure that all other stakeholders know too.

About this title

About the Author

Jack Phillips, Ph.D., is the founder of Performance Resources Organization, now the world's leading consulting firm specializing in accountability issues. The author or editor of more than 200 books and 100 articles, including The Handbook of Training Evaluation and Measurement, he has served as a bank president, Fortune 500 training and development manager, and professor of management at a major state university. His clients in 20 countries include such internationally respected companies as AT&T, Federal Express, Lockheed Martin, Motorola, and Xerox.

From the Back Cover

In today's business climate of shrinking budgets and increased scrutiny of departmental value, you need to prove with inarguable data that HR is a strategic partner in the company's pursuit of profit and growth.

Making Human Capital Analytics Work shows how to use data to drive decisions and build support for the HR function through the use of analytics. It's the ideal guide for anyone involved directly or indirectly with HR, including:

• HR Executives -- prove your department's worth to the company
• Project Funders -- determine the value of what you're investing in
• Analytics Practitioners -- execute more credible studies and reports
• Business Managers -- improve your HR support functions
• Consultants -- get a step ahead of your competitors

Increasing automation and outsourcing of the HR function are threatening the benefits delivered by HR departments staffed with smart and passionate professionals. If this trend goes unchallenged, very real harm will be done to organizations.

Do yourself, your department, and your field a valuable service by reading and applying the lessons of Making Human Capital Analytics Work.

Edition details

• Publisher: McGraw Hill
• Publication date: 2014
• Language: English
• ISBN 10: 0071840206
• ISBN 13: 9780071840200
• Binding: Hardcover
• Edition number: 1
• Number of pages: 320