Magic Numbers for Human Resource Management: Basic Measures to Achieve Better Results

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9780470821619: Magic Numbers for Human Resource Management: Basic Measures to Achieve Better Results

This book simply outlines a range of the key measures that any HR , financial or business manager can use to address this situation in a more business-like manner. For each definition, there is not only a description of the measure but also why it has vital significance to managing business better. It is written as a basic text book in easy to read language but with a powerful underlying message - HR managers must measure the main features of HR in order to get their voice heard at the executive table and make demonstrable impact on business operations.

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From the Back Cover:

MAG1C NUM8ERS for HUMAN RESORUCE MANAGEMENT

Good companies believe in measurement - particularly in the vital "soft" area of people management. This practical book is a fine guide on how to get started and how to use those metrics - from staffing rations to calculating stock options to measuring important intangibles such as employee engagement. - Paul Evans, The Shell Chaired Professor of Human Resources and Organizational Development, INSEAD

HR managers often fall into a bind when trying to catch up with industry norms or competitors in benchmarking initiatives. Magic Numbers for Human Resource Management: Basic Measures to Achieve Better Results is a useful book that lays the foundation for HR managers seeking to put some method to the madness of chasing elusive HR numbers. There are step-by-step explanations on how to build the data to calculate over 30 HR metrics, and pointers on how to implement a system to monitor the success or failure of certain programs. it is the definitive guide for every HR department. - Ng Ee Leng, Regional Compensation & Benefits Manager, FujiXerox Asia Pacific Pte Ltd

Measuring the core element that shapes our business : our people, has always been a huge challenge. This challenge will not disappear with the knowledge from this book. However, it will help us understand how to better manage the HR component of our business. This book is for every leader who is convinced that "people come before strategy". - Erik H.M. Geilenkirchen, CEO, Philips Domestic Appliances and Personal Care, Asia Pacific

From the Inside Flap:

HR measurement has grown in importance as organizations seek to quantify the return on their investments on people programs. With the art and science of HR measurement growing in complexity over the years, Magic Numbers for HR Management drives home the importance of starting with a proper foundation.

To fully appreciate the art of using HR numbers, a manager will do well to begin with a basic grasp of common benchmarks. Which numbers to use and how to use them appropriately depends on the unique context of an organization's culture. Applied in a manner that supports an organization's business strategy, HR measurement can be a potent tool to help people managers understand what drives their workforce.

Magic Numbers for HR Management is a no-frills, down-to-earth navigator for those wanting a simple framework to implement HR benchmarking. This book lays down step-by-step formulas on how to use the metrics, followed by explanations on how corporations can use each metric to gain advantage in their people management issues. Students and practitioners with little practical experience of the array of HR metrics will find this book a highly valuable introduction to the world of HR measurement.

Magic Numbers for HR Management provides the firs roadmap to explore the multiple levels of HR information an organization contains. It will also be a handy reference in every HR department and on every manager's desk.

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