Investing in People: Financial Impact of Human Resource Initiatives, Third Edition
This book is approved for SHRM recertification credit. After reading the book, earn a passing quiz score and receive three professional development credits (PDCs). Scroll down for more information and a link to the quiz.
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A Proven Framework for Evaluating the Economic Value of HR Investments
The demand for organizational accountability has never been greater. The future of work, talent, and employment is changing at an unprecedented pace, and organizational decisions about how they invest in people are under increasing scrutiny. Leaders increasingly realize that their decisions about human resources are vital, in an increasingly uncertain and interconnected world. Yet, organizational decisions about people remain some of the least systematic and evidence-based, compared to resources such as money and technology.
Investing in People draws upon state-of-the art practice and research in disciplines including psychology, economics, accounting, and finance, to provide HR professionals and leaders proven guidelines for measuring key HR initiatives. Based on a comprehensive framework that clarifies and supports strategic linkage between investments in human capital and important outcomes that senior leaders most care about, including recruiting, staffing, and training, turnover, customer-service, and higher financial returns to organizations.
Readers will 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. Also included are powerful ways to integrate HR with enterprise strategy and budgeting and for gaining commitment from business leaders outside HR.
Sponsored by a SHRM grant, free online software is provided with the book that enables users to calculate costs and benefits of many common HR activities including: absenteeism, employee turnover, workplace-flexibility initiatives, employee engagement, and staffing and training programs.
About the Authors
Wayne F. Cascio, PhD, is a Distinguished University Professor at the University of Colorado, and holds the Robert H. Reynolds Chair in Global Leadership at the University of Colorado Denver.
John W. Boudreau, PhD, is Research Director at the Center for Effective Organizations and Professor of Management and Organization in the Marshall School of Business at the University of Southern California.
Alexis A. Fink, PhD, has spent two decades leading talent analytics, talent management and large-scale organizational change teams at leading global organizations, most recently Intel and Microsoft.
The SHRM Books Read for Recertification Credit Program
|Author||Wayne F. Cascio^John W. Boudreau^Alexis A. Fink|