Human Capital Management: Achieving Added Value Through People

by Michael Armstrong (Author), Michael Armstrong (Author)

Used
Hardcover
2007
$10.75

Human Capital Management (HCM) has been described as a high-level strategic issue that seeks to analyse, 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. Armstrong and Baron explain how to achieve these objectives using various approaches including: Describing the concepts of HCM and how the process works; Examining the practice of HCM with regard to measurement and reporting; Discussing the various applications of HCM with regard to HR strategy formulation, learning and development, knowledge management, performance management, reward management and talent management; and examining the role of HR in HCM and the future of the concept. It also contains an appendix a toolkit which organizations can use to develop their own HCM policies and practices.

Synopsis

Human Capital Management (HCM) has been described as a high-level strategic issue that seeks to analyse, 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. Armstrong and Baron explain how to achieve these objectives using various approaches including: Describing the concepts of HCM and how the process works; Examining the practice of HCM with regard to measurement and reporting; Discussing the various applications of HCM with regard to HR strategy formulation, learning and development, knowledge management, performance management, reward management and talent management; and examining the role of HR in HCM and the future of the concept. It also contains an appendix a toolkit which organizations can use to develop their own HCM policies and practices.

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More Information

Format: Hardcover
Pages: 240
Edition: 1
Publisher: Kogan Page
Published: 03 Feb 2007
ISBN 10: 9780749449
ISBN 13: 9780749449384
Book Overview: Human Capital Management is the defining link between HR and business strategy Emphasizes that people are assets Fills the gap between theory and practice Based on case studies from the CIPD Provides a toolkit enabling effective introduction of Human Capital Management

Media Reviews

baron and armstrong's book is to be commended for its good intensions and contribution to this key area of enabling organisations' people to help those organisations achieve their objectives more effectively and efficiently. h.c.m human capital management a highly readable book that debunks much of the mystique surrounding human capital and fills an identified gap in the literature on the subject. for readers seeking an introduction to hcm and insights into its relevance to organisational performance, this book is to be strongly recommended for it breadth and depth of coverage but, above all, for making a complex subject accessible. individuals who are more familiar with the topic and the debates that surround it will welcome a comprehensive text on a subject which they can use to develop organisational strategies that take account of the value people, contribute to the business. people management 'this book will be useful to those interested in exploring hcm for their organisation, it does provide practical advice with a background understanding of hcm, its origins and its challenges' training journal, nov 2007

Author Bio

Michael Armstrong is a fellow of the CIPD and former Chief Examiner. An internationally respected writer on management topics, his publications include Performance Management, Reward Management , A Handbook of Management and Leadership, A Handbook of Employee Reward, and Strategic Human Resource Management all published by Kogan Page. Angela Baron is a chartered member of the CIPD, for whom she is currently an adviser on organisation and resourcing. She has been responsible for numerous research programmes ranging for corporate culture to recruitment practice.