Week 5 Project
Investing in Your Employees
As you re�ect on this case study, think about a time in your career where you may have personally experienced a layoff or know of someone who has been laid off from work. You have probably wondered if there was any way to salvage the position. Sometimes leaders will be required to make the tough decision to lay off employees; however, the leaders must comprehend that human capital, HRD programs, and other talent decisions are critical to all business decisions including the competitive advantage.
Areas to consider for talent analysis:
What impact does economic crisis have on HRD?
How should an HR professional prepare for an economic crisis?
Why is it important to measure intangible investments?
When should leaders begin to invest in talent?
How is talent analysis a catalyst for change?
Why should the HRD program be a part of the business strategy?
What are the hidden costs of absenteeism?
What process metrics and measurements will be used to assess talent investment?
According to Cascio and Boudreau (2011):
We envision a future in which leaders throughout organizations increasingly understand and are held accountable for the quality of their decisions about talent. They must have a sophisticated understanding of the connections between investments in HR programs and their effects on strategic success. (p. 309)
Jack’s new business venture has been a success. Through Jack’s story, he has been able to enlighten chief executive of�cers (CEOs) and executives of each organization about the value of human capital, the strategies to drive talent management, the connection of all talent decisions to the �nancial outcome of the organization, and the way to truly understand the return on investment (ROI) of human capital.
Additional Materials
From your course textbook, Process Metrics and Measurement Complete Self-Assessment Guide, review the following chapters:
Criterion #1: Recognize
Criterion #2: De�ne
Criterion #3: Measure
Criterion #4: Analyze
Criterion #5: Improve
Criterion #6: Control
Criterion #7: Sustain
From the South University Online Library, review the following articles:
Does Investing in Employees Affect Firm Debt Levels? (https://www.thecampuscommon.com/library/ezproxy/ticketdemocs.asp? sch=suo&turl=http://search.ebscohost.com.southuniversity.libproxy.edmc.edu/login.aspx? direct=true&db=edsjsr&AN=edsjsr.23045053&site=eds-live)
Take Charge of Your Development, Invest in People (https://www.thecampuscommon.com/library/ezproxy/ticketdemocs.asp? sch=suo&turl=http://search.ebscohost.com.southuniversity.libproxy.edmc.edu/login.aspx? direct=true&db=bwh&AN=13567750&site=eds-live)