Beyond HR : The New Science of Human Capital

Boudreau, John W.; Ramstad, Peter M.

ISBN 10: 142210415X / ISBN 13: 9781422104156

Published by Harvard Business Review Press, 2007

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Synopsis:

Is your talent strategy a unique competitive advantage? As competition for top talent increases, companies must recognize that decisions about talent and its organization can have a significant strategic impact.

Beyond HR shows how organizations can uncover distinctive talent contributions, strategically differentiate their HR practices and metrics, and more optimally allocate talent to create value. Illustrations from companies such as Disney, Boeing, and Corning describe a new decision science called Talentship, that reveals opportunities by identifying strategy pivot points and the optimal talent and organization decisions that address them.

A unique framework helps readers identify their own distinctive strategic pivot points and connect them to talent decisions, showing how today’s “HR” can evolve to fulfill its potential as a source of strategic advantage.

From the Back Cover: Does your talent strategy give your organization a unique advantage? It had better-because the competition is heating up. How to leave rival companies scrambling? Think more strategically about your company's number-one resource: its people. Do so, and you improve the quality of every decision that hinges on human capital-no matter where in your organization such decisions are made.

In Beyond HR: The New Science of Human capital, John Boudreau and Peter Ramstad show you how to do this through a new decisions science-talentship. Through talentship, you move far beyond merely reactive mind-set of planning and budgeting for headcount and hiring and retaining talent. You take a strategic approach to talent by asking savvier questions, including:

• Do we know where our pivotal talent is in the organization?
  
• Do we invest differentially in our most pivotal-or do we use the "peanut butter" approach, spreading investments evenly across the entire company?
  
• Where does our business strategy require that our talent pools would have to change the most?
  
• If we changed our strategic goals, which of our talent pools would have to change the most?
  

Using examples from companies as wide-ranging as Disney, Boeing, SAS, Starbucks, and Corning, the authors reveal how HR professionals can extend their influence by making talent decisions strategically. And they draw on leading research in strategy, economics, and organizational theory to provide a compelling new vision for HR's role in the future.

The payoff for smarter choices about human capital? You extend your focus from the quality of your talent decisions. You accelerate the maturing of the human resource profession from a practice to a decisions science. And you enable your HR function to realize its true potential as a key source of strategic advantage for your firm.

Bibliographic Details

Title: Beyond HR : The New Science of Human Capital
Publisher: Harvard Business Review Press
Publication Date: 2007
Binding: Hardcover
Condition: good