Human Capital is Becker's classic study of how investment in an individual's education and training is similar to business investments in equipment. Recipient of the 1992 Nobel Prize in Economic Science, Gary S. Becker is a pioneer of applying economic analysis to human behavior in such areas as discrimination, marriage, family relations, and education. Becker's research on human capital was considered by the Nobel committee to be his most noteworthy contribution to economics. This expanded edition includes four new chapters, covering recent ideas about human capital, fertility and economic growth, the division of labor, economic considerations within the family, and inequality in earnings. "Critics have charged that Mr. Becker's style of thinking reduces humans to economic entities. Nothing could be further from the truth. Mr. Becker gives people credit for having the power to reason and seek out their own best destiny."—Wall Street Journal
Human Capital Management (HCM) has been described as a high-level strategic issue that seeks to analyse, measure and evaluate how people policies and practices create value. Put simply, HCM is about creating and demonstrating the value that great people and great people management add to an organization. This unique book describes how HCM provides a bridge between human resource management and business strategy. It also demonstrates how organizations can use the concepts of human resource management and the processes involved to enhance the value they obtain from people while continuing to meet their aspirations and needs. Armstrong and Baron explain how to achieve these objectives using var...
Offering a fresh new lens for viewing the realities of today's workplace, this book accurately captures the look of the new employee/employer relationship and the best practices for hiring, developing, and preserving a first-class workforce.
At a time when governments and policy-makers put so much emphasis on 'the knowledge economy' and the economic value of education, human capital theory has never been more important. However, research in this area is often very technical and therefore not easily accessible to those who wish to use it as a guide to policy formation. This book provides an interface between such research and its potential applications in government, education and business. Reporting on a major research initiative, new findings are presented in a non-technical way on three major themes: measuring the benefits from human capital, applications of the human capital model, and policy interventions. Aimed at academic researchers and professionals concerned with the problems and techniques of human capital theory, it will also be useful for graduate courses on the economics of education to complement standard textbooks.
In Beyond HR: The New Science of Human capital, John Boudreau and Peter Ramstad show you how to do this through a new decisions science-talentship. Through talentship, you move far beyond merely reactive mind-set of planning and budgeting for headcount and hiring and retaining talent.
It's the spring of 2001, the Connecticut suburbs are looking fresh and opulent. Everyone is driving great cars, building beautiful houses, living the American Dream. But Drew Hagel has spent the last decade watching things slip away - his first marriage, his real estate brokerage, and his beloved daughter, Shannon, now a distant and mysterious high school senior. He is in danger of losing his place in the affluent suburbs once ruled by his father, when an unexpected friendship with Quint Manning opens Drew's eyes to vast wealth. What Drew doesn't know is that Manning has problems of his own - his midas touch is abandoning him, his restless wife, Carrie is growing disillusioned with all the money, and his hard-drinking son, Jamie, Shannon's classmate, is careering out of control. As the fortunes of three families - parents and teenagers - collide, a terrible accident involving Jamie and Shannon gives Drew the leverage he needs to stay in the game. But what are the consequences of speculating with human lives rather than money? In this astonishing, compelling novel, Stephen Amidon chronicles the American suburban dream with devastating accuracy.
This book addresses the gap between the espoused importance of organizational human capital and how it is actually reported and assessed. It also discusses the current and potential uses of human capital measurement and a way for HR to position itself among other business functions such as finance, accounting, and operations. Readers will finish with an understanding of approaches for the valuation of a firm’s human capital, practical applications for the economic analysis of human capital, and gaps that are ripe for research and practice to address.
This book outlines and discusses conceptual, theoretical, and empirical aspects of human capital and human capital formation in firms and other work organizations. The author focuses on the substance, types, and generation of employee competence in the form of knowledge and skills, personnel training, and learning processes. Drawing on insights from economic theory, organization theory, corporate strategy, and the literature on human resource management and development, he also highlights current challenges to research and practice.