Description
Human capital - the performance and the potential of people in an organisation - has become an increasingly urgent issue for business leaders. Dramatic demographic shifts, the globalisation of organisations, increasing business complexity, and generational differences are causing many organisations to place a more deliberate focus on human capital as a key element in strategic planning and execution. This book helps business leaders determine how to address human capital as part of their business strategy, to drive value and realise the potential of the organisation. Topics are presented clearly, allowing readers to quickly grasp and apply key concepts and ideas. The authors share both their academic research and practical experience from around the world, providing first-hand case studies and examples to help bring theoretical topics to life. With a strong practitioner focus, this book will provide business leaders and HR professionals with new insights into how to improve business performance through a unique, strategic approach to human capital.
Chapter
Chapter 6: Human capital metrics
Chapter 7: Change management
Key questions for consideration
About organisation culture
Culture in support of strategy and execution
Taking stock of organisation culture
Internal culture influences
External culture influences
Determining the desired culture
Defining the desired culture
Measuring the organisation culture
.Shaping and changing organisation culture
Understanding the influence of national cultures
Key questions for consideration
Step I: Developing a talent strategy to ensure alignment between leadership talent and business needs
Step II: Assessing the pipeline of leaders
Step III: Developing the pipeline of leaders
Step IV: Managing performance and succession
Techniques for leadership development
Leadership development needs analysis
Tools to develop skills critical for leaders
Getting the right people in the right job
Setting objectives, delegation, and giving feedback
Key questions for consideration
Organisation structure and business
General organisation structure types
Enterprise-level structures
Evaluating organisation structures
Key questions for consideration
Talent and workforce planning
Recruitment and selection of talent
The development of the workforce
Career management and mapping
Performance management and rewards
Key questions for consideration
Workforce management that works
Methods for making workforce decisions
Analytics shed insight on human capital
From anecdotes to analytics
Using analytics to drive talent planning
Critical operational roles
Understanding the employee value proposition
Monitoring results: Human capital dashboards
Reducing business risk through workforce planning
Key questions for consideration
The stages of organisation change
Stage I: Awareness of change
Stage II: Understand the change
Stage III: Adoption of change
Stage IV: Institutionalisation of change
Architecting change programmes
Sample of communication guiding principles
Key questions for consideration
Inc.orporating human capital in global business strategy
Integrating the elements of human capital for strategic change
The power of human capital for competitive advantage
Conclusions and conjectures