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Strategic Human Capital Management - Creating Value through People (Paperback)
Loot Price: R1,662
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Strategic Human Capital Management - Creating Value through People (Paperback)
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Strategic human capital management (HCM) is not just a measurement
focused approach to human resource management (HRM). It is
certainly not a decision science in which people can be managed as
a result of quantitative analysis and financial valuation. In fact,
it is probably more of an art than a science and is a way of
leading people to unlock great business performance. Strategic HCM
focuses all people management and development practices on
maximizing the capability and engagement of the people working for
an organization to create valuable intangible capability, human
capital, which enables the organisation to take full advantage of
potential business opportunities. Unlike HRM which focuses on
getting closer and closer to the business, strategic HCM draws its
energy from people, from their individual strengths, interests and
motivations, which, aligned with long-term business strategy, can
increasingly provide the main basis for differentiation and
competitive advantage. However, the perspective also recognizes
that measurement is important, and the book outlines an approach to
measurement which recognizes the importance of knowledge,
complexity, best fit and intangibility. Pulling together seemingly
disparate strands of thinking, the book calls for a paradigm change
in which people really are seen as an organisation's most important
asset, and are managed in a way that reflects this fact. The text
includes case studies from leading private and public sector
organizations and commentary from HR practitioners and academics.
* outlines the key attributes of a strategic approach to HCM and
captures these within a scorecard (the HCM Value Matrix).
* provides a process formanaging human capital using the scorecard
(the Strategic HCM Planning Cycle).
* Includes case studiesfrom leading organizations and commentary
from HR practitioners and academics.
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