The author of the Human Value of the Enterprise explores the idea of human capital as assets and how to measure this assets worth.
Andrew suggested four basic measures – the first two dealing with the effectiveness of people, and the last two the HR department:
- Workforce statistics and ratios including financial implications – analytics resulting from our management of people
- A human capital index providing results of the value chain – dealing with people as drivers of performance (human capital value x engagement = performance)
- ROI on HR programmes and initiatives
- HR operational effectiveness – service levels, support, policies, processes.
Workforce Vision | workforce-vision.com
A look inside the changing way that we work and employ others
Human Capital * Contingent Workforce * Globalization * Trends
Outsourcing * Staffing * Human Resources * Technology
Published by Bill Inman | billinman.com