Investing in People
By John W. Boudreau, Alexis Fink & Wayne F. Cascio
Financial Impact of Human Resource Initiatives. Society For Human Resource Management, 2019.
Summary of Investing in People book by John W. Boudreau, Alexis Fink & Wayne F. Cascio
A textbook of ways to evaluate and quantify human resource strategies, using systematic analysis, economic frameworks, and financial calculations to provide guidelines for effective processes to stimulate organizational growth.
Chapters in Investing in People book summary
What do you get from this book? Techniques for tracking and evaluating hr policies, to clearly link strategies and outcomes
Analyze the impacts of your human resource department in a similar way to assessing any financial investment
Allocate your resources efficiently to spot, promote, and effectively enhance the talent you have in your organization
Absent employees have a measurable impact on your bottom line, and by using incentives, you can curb excessive losses
You can manage your employee turnover so that it doesn’t cost more than it should
Investments in your employees’ health and job satisfaction produce measurable results, and you can analyze their effectiveness
In an increasingly remote world, flexible working arrangements provide a healthy work–life balance and meaningful improvements in productivity
The way you hire and staff your company can be optimized to improve your return on investment
When you spend money training and developing your staff, you can calculate the economic impact of your efforts
Unless you know how to communicate your analyses to decision-makers in your company, they are meaningless
Summary of the key insights
Selected critiques in brief
Final word
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Investing in People — Book Summary Snapshot
Who should read Investing in People book
- Human resource managers
- business analysts
- anyone studying management
- accountants
About the author of Investing in People
John W. Boudreau
Wayne Cascio is an economist and a Distinguished Professor at the University of Colorado. John Boudreau is Professor Emeritus of Management at the Marshall School of Business. Alexis Fink is the Vice President of People Analytics and Workforce Strategy at Facebook, and a contributor to the third edition of Cascio and Boudreau’s original work.
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