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Investing in People

Investing in People

By John W. Boudreau, Alexis Fink & Wayne F. Cascio

Financial Impact of Human Resource Initiatives. Society For Human Resource Management, 2019.

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14 mins read

13 Key insights

A brief summary of Investing in People

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.

Key insights in Investing in People

1
What do you get from this book? Techniques for tracking and evaluating hr policies, to clearly link strategies and outcomes
2
Analyze the impacts of your human resource department in a similar way to assessing any financial investment
3
Allocate your resources efficiently to spot, promote, and effectively enhance the talent you have in your organization
4
Absent employees have a measurable impact on your bottom line, and by using incentives, you can curb excessive losses
5
You can manage your employee turnover so that it doesn’t cost more than it should
6
Investments in your employees’ health and job satisfaction produce measurable results, and you can analyze their effectiveness
7
In an increasingly remote world, flexible working arrangements provide a healthy work–life balance and meaningful improvements in productivity
8
The way you hire and staff your company can be optimized to improve your return on investment
9
When you spend money training and developing your staff, you can calculate the economic impact of your efforts
10
Unless you know how to communicate your analyses to decision-makers in your company, they are meaningless
11
Summary of the key insights
12
Selected critiques in brief
13
Final word

Who should read Investing in People

Human resource managers • business analysts • anyone studying management • accountants

About the author of Investing in People

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.

author avatar

John W. Boudreau

author avatar

Alexis Fink

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Wayne F. Cascio

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