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Investing In People: Financial Impact of Human Resource Initiatives


Investing In People: Financial Impact of Human Resource Initiatives
By Wayne F. Cascio and John W. Boudreau

2008, 324 pages, Hardcover
ISBN: 978-0-13-239411-6
SHRMStore Item #: 61.15007

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Investing in People introduces a breakthrough approach to HR measurement that systematically aligns HR investments with organizational goals and helps make HR the true strategic partner it needs to be. Professors Wayne Cascio and John Boudreau show exactly how to choose, implement, and use metrics to improve decision-making, optimize organizational effectiveness, and maximize the value of HR investments.

You'll master crucial foundational principles such as risk, return, and economies of scale -- and use them to evaluate investments objectively in everything from work/life programs to training. Cascio and Boudreau also introduce powerful ways to looking inside the HR "black box," implementing human capital metrics that track the effectiveness of talent policies and practices, demonstrating the logical connections to financial and line-of-business, and using HR metrics to derive more effective decision-making. Using the powerful "LAMP" methodology (Logic, Analystics, Measures, and Process), the authors demonstrate how to measure and analyze the value of every area of HR that impacts strategic value. Among the areas covered in depth are:

  • Hiring
  • Training
  • Leadership Development
  • Health and Wellness
  • Absenteeism
  • Retention
  • Employee engagement

. . . and more.

If you truly want "a seat at the table" -- or if you want to keep the one you have -- you'll find this book utterly indispensable.

Co-published with Pearson/FT Press.

Read an Excerpt.


 Praise for the Book

"The profession will be well-served by the tools and analytic frameworks for the use of measurement provided by Wayne Cascio and John Boudreau. The observations offered by the authors on how best to 'get started' in using measurements to inform and motivate strategic partners to think more clearly about the implications of decisions about talent will also serve the HR profession well. By basing their work on a foundation of solid scholarship and practice gained through their academic and consulting experiences, Wayne and John help to advance HR as a profession that is recognized as a decision science requiring special knowledge and expertise." -- from the foreword by Susan R. Meisinger, SPHR, former president and CEO of the Society for Human Resource Management 

 About the Authors


Wayne F. Cascio is US Bank Term Professor of Management at the of University of Colorado at Denver, a Fellow of the National Academy of Human Resources, and past chair of the SHRM Foundation. He is the author of several books, including Responsible Restructuring.

John W. Boudreau is Research Director at the Center for Effective Organizations, and Professor of Management and Organization at the Marshall School of Business, University of Southern California. He is the author of several books.


 Table of Contents


Foreword by Susan R. Meisinger, SPRH, former president and CEO of the Society for Human Resource Management


Chapter 1. Making HR Measurement Strategic

Chapter 2. Analytical Foundations of HR Measurement

Chapter 3. The Hidden Costs of Absenteeism

Chapter 4. The High Cost of Employee Separations

Chapter 5. Employee Health, Wellness, and Welfare

Chapter 6. Employee Attitudes and Engagement

Chapter 7. Financial Effects of Work-Life Programs

Chapter 8. Staffing Utility: The Concept and Its Measurement

Chapter 9. The Economic Value of Job Performance

Chapter 10. The Payoff from Enhanced Selection

Chapter 11. Costs and Benefits of HR Development Programs

Chapter 12. Talent-Investment Analysis: Catalyst for Change

Appendix A: The Taylor-Russell Tables

Appendix B: The Naylor-Shine Table for Determining the Increase in Mean Criterion Score Obtained by Using a Selection Device


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