Investing in People: Financial Impact of Human Resource Initiatives (2nd Edition)
A Logical, Proven Framework for Evaluating the Economic Value of HR Investments–Now Updated with Even More Powerful Tools How to choose HR investments that deliver optimal strategic value–and eliminate those that don’tExtensive new coverage: measuring the hidden costs of layoffs, identifying better performance improvement interventions, and linking HR to stockholder valueBest-practice techniques for assessing the value of talent management, health and wellness programs, employee engagement, and more Investing in People, Second Editionpresents a breakthrough approach to HR measurement that systematically aligns HR investments with organizational goals, making HR a true strategic partner. 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 all HR expenditures. You’ll master crucial foundational principles such as risk, return, and economies of scale–and use them to objectively evaluate HR investments ranging from work/life programs to training. Cascio and Boudreau introduce powerful ways to integrate HR with enterprise strategy and budgeting and gain commitment from leaders outside HR. This edition’s new techniques include linking investments in training to stock prices, linking employee engagement to customer service and financial results, strategies for communicating the financial implications of investments in people to leaders outside of HR, and more.