The New HR Analytics: Predicting the EconomicValue of Your Company's Human Capital Investments
In his landmark book, The ROI of Human Capital, Jac Fitz-enz presented a system of powerful metrics for quantifying the contributions of individual employees to a company’s bottom line. Now, in The New HR Analytics, he reveals how human resources professionals can apply this expense-based knowledge to make the most strategic staffing decisions for their companies. Using Fitz-enz’s proprietary analytic model, readers will be equipped to measure and evaluate past and current returns and apply the information to make predications about the future value of human capital investments. You’ll learn how to: evaluate and prioritize the skills needed to sustain performance; build an agile workforce through flexible Capability Planning; determine how the organization can stimulate and reward behaviors that matter; apply a proven succession planning strategy that leverages employee engagement and drives top-line revenue growth; and recognize risks and formulate responses that avoid surprises. Brimming with real-world examples and input from thirty top HR practitioners and thought leaders as well as exclusive analytical tools, this groundbreaking book ushers in a new era in human resources and human capital management.
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The future competencies of Human Resources as a true "Strategic Business Partner" lie within these pages. Invaluable models, worksheets, decision making tools, planning documents & toolkit included. Case studies and articles also provide real-life examples of implementation strategies. Wealth of references cited throughout from other HR Analytic thought leaders. Descriptive Analytics, Prescriptive Analytics, Causal Analysis, Human Capital Metrics, Human Capital Analysis, HCM:21 - Human Capital Management for the 21st Century.