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Human Capital Management Achieving Added Value Through People

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ISBN-10: 0749453842

ISBN-13: 9780749453848

Edition: 2008

Authors: Angela Baron, Michael Armstrong

List price: $49.95
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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…    
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Book details

List price: $49.95
Copyright year: 2008
Publisher: Kogan Page, Limited
Publication date: 9/1/2008
Binding: Paperback
Pages: 240
Size: 6.00" wide x 9.25" long x 0.75" tall
Weight: 0.946
Language: English

Michael Armstrong is a former Chief Examiner of the Chartered Institute of Personnel and Development, joint managing partner of e-reward and an independent management consultant. He has sold over 500,000 books on the subject of HRM (published with Kogan Page), including "Armstrong's Handbook of Human Resource Management Practice".

The essence of HCM
The concept of human capital
Intellectual capital
Human capital
Social capital
Organizational capital
Practical implications of intellectual capital theory
The concept of HCM
HCM defined
Aims of HCM
Rationale for HCM
The concept of human capital advantage and resource-based strategy
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
The practice of HCM
Human capital data
Overall considerations
Types of data
Problems with data collection
A guide to data management
Measuring human capital
Measurement issues
Classification of measures
Developing measures
Approaches to analysis
Analytical models
Examples of approaches to measurement
Human capital reporting
Internal reporting
External reporting
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
The role and future of HCM
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
The skills HR specialists need for HCM
Closing the skills gap
Developing a new template for HR
HR versus line manager skills
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
Information on intangible value for the investment community
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
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?