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Human Investment Management - Raise the Level by Capitalising Human (Hardcover, 1st ed. 2018)
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Human Investment Management - Raise the Level by Capitalising Human (Hardcover, 1st ed. 2018)
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Total price: R3,639
Discovery Miles: 36 390
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This book presents a thought-provoking case for looking at human
resource management from an entirely different perspective. In the
modern world, organizations have to optimally manage resources to
achieve the best results, and the best way to do this is to
identify humans as instruments of investment and not as resources.
Humans use resources in an activity. Managing people, as a subject,
was first studied as part of personnel management, and became known
as human resource management (HRM) in the early 80s. However, the
basic principles remained largely unchanged. The book argues that
it is time that HRM is replaced by human investment management
(HIM), where the entire approach of employee management in an
organization shifts gears to human investment in activities. In
this approach no human is considered bad in relation to an
organization, if selected appropriately, and trained well. Everyone
is productive, though the returns may differ. Humans can be
invested in areas where they are best or can be trained to be the
best according to various factors. Unlike any other investment
instruments, humans' value can be continuously upgraded for higher
returns. Thus the core of HIM is to maximize the return from each
employee as an individual or as a member of the group with minimum
expenditure and effort in him or her. HIM can therefore reengineer
and replace HRM slowly and steadily at the desired pace where
maximum attention is paid to employee investment for improved
results. This is unlike HRM, which primarily focuses on employee
relations. Turning around HRM to HIM will be the first step in
inclusively aligning strategic human resource management with the
overall human management. As such, HIM should be seen as a process
by which the asset or capital value of individual humans can be
increased by turning them into capital humans, an entirely
different outlook from the oft-used term human capital.
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