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"The ROI of Human Capital" |
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The ROI of Human Capital... By:
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Measuring the success of an enterprise by counting the number of widgets produced is no longer applicable in a knowledge-based economy.
Instead, it is the knowledge workers and the continued improvement of their knowledge, skills, and abilities that determines the success of organizations today. This is the principle addressed in the book The ROI of Human Capital: Measuring the Economic Value of Employee Performance by Jac Fitz-enz, Ph.D. (2000, New York: AMACOM, ISBN: 0-8144-0574-6)
In his book, Dr. Fitz-enz discusses the theory behind why using ROI to verify the importance of Human Capital is an essential part of competing successfully in today's economy. More importantly, though, he provides some practical advice on where and how to collect the data needed and the formulas that apply. While this book is certainly not a "leisurely" read, it is worth the investment of your time and money, if you are considering the use of ROI to validate your company's HRD endeavors.
--Reviewed by Glenda Russell |
