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Chapter 2
Human Resource Strategy and Planning
Text: Mathis et al.
Learning objectives
1. Outline how HR’s strategies are merged with
organizational strategies
2. List options for handling a shortage and a surplus of
employees.
3. Identify how organizations can measure and analyze the
effectiveness of HR management practices.
4. Human Resources and Balance Scorecard
Human Resources and Strategy
Options for handling a shortage and a surplus of employees
Measuring The Effectiveness of Human
Resources
HR metrics and Analytics
• HR Metrics are specific measures of HR Practices.
• They are performance indicators of various HR issues,
like absenteeism and turnover rates.
• HR Analytics
• An evidence based approach to making HR
decsions on the basis of quanititative tools and
models.
Measuring The Effectiveness of Human
Resources
Human Resources and Balance Scorecard
• Scorecard is a framework organizations use to report
on a diverse set of performance measures.
• This method balances financial and non-financial
measures so that managers focus on long-term drivers
of performance and organizational sustainability.
Human Resources and Balance Scorecard
Human Capital Effectiveness Measures
• ROI
• HCVA (Human capital value added)
• (HCROI) Human capital return on investment
• Human economic value added (HEVA)
Human Capital Effectiveness Measures
Thank You

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Class 2.pdf

  • 1. Chapter 2 Human Resource Strategy and Planning Text: Mathis et al.
  • 2. Learning objectives 1. Outline how HR’s strategies are merged with organizational strategies 2. List options for handling a shortage and a surplus of employees. 3. Identify how organizations can measure and analyze the effectiveness of HR management practices. 4. Human Resources and Balance Scorecard
  • 4. Options for handling a shortage and a surplus of employees
  • 5. Measuring The Effectiveness of Human Resources HR metrics and Analytics • HR Metrics are specific measures of HR Practices. • They are performance indicators of various HR issues, like absenteeism and turnover rates. • HR Analytics • An evidence based approach to making HR decsions on the basis of quanititative tools and models.
  • 6. Measuring The Effectiveness of Human Resources
  • 7. Human Resources and Balance Scorecard • Scorecard is a framework organizations use to report on a diverse set of performance measures. • This method balances financial and non-financial measures so that managers focus on long-term drivers of performance and organizational sustainability.
  • 8. Human Resources and Balance Scorecard
  • 9. Human Capital Effectiveness Measures • ROI • HCVA (Human capital value added) • (HCROI) Human capital return on investment • Human economic value added (HEVA)