Human Capital Management

Human Capital Management (HCM) has recently been described as a high-level strategic issue that seeks to analyze, 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.

Baron and Armstrong explain how to achieve these objectives using various approaches including describing the concept of HCM and how the process works, discussing its application in numerous areas within an organization and examining the role of HR in HCM and the future of the concept.

It also contains a toolkit which organizations can use to develop their own HCM policies and practices.

“"Provides a practical guide to how to how human capital management policies and practices can help deliver added value through people while continuing to meet their aspirations and needs." -- Journal of Economic Literature, Sept 2007”

" This book gives a thorough consideration of the topic, backing it up with plenty of references to other publications and research. ...a comprehensive guide to human capital management for HR managers and more general senior managers alike, providing a good combination of theory, practical guidance, and real-life examples; in short, it tells you everything you would want and need to know about the subject." rapport

Angela Baron is an advisor at the Chartered Institute of Personnel and Development. Her areas of expertise include; resourcing and organizational development.Michael Armstrong is the UK's bestselling author of Human Resource Management books including Armstrong's Handbook of Human Resource Management Practice and several other titles published by Kogan Page. With over a million copies sold, his books have been translated into twenty-one languages. He is managing partner of E-Reward as well as an independent management consultant. Prior to this he was a chief examiner of the Chartered Institute of Personnel and Development (CIPD).

[!front cover!]Angela Baron & Michael ArmstrongHuman Capital ManagementAchieving added value through people[!spine!]Human Capital ManagementAngela Baron & Michael Armstrong[!KP logo!][!back cover!]"This book is to be strongly recommended for its breadth and depth ofcoverage and, above all, for making a complex subject accessible."People ManagementHuman Capital Management is a practical guide for HR practitioners andmanagers who want to improve business performance through effectivepeople management.Demystifying the key concepts and practices of human capital management,this book will aid understanding of the value added by employees and howorganizations can maximize both employee satisfaction and business success.It provides the tools to gain deep organizational insight into how effectiveyour people strategy is and its impact on business performance and thebottom line.Including a practical toolkit for organizations to develop their own humancapital management policies, practices and strategy, this book is essentialreading for everyone concerned with the integration of human resourcestrategy and overall business strategy.Angela Baron is an advisor at the Chartered Institute of Personnel andDevelopment. Her areas of expertise include resourcing and organizationaldevelopment.Michael Armstrong is a former Chief Examiner of the Chartered Institute ofPersonnel and Development, joint managing partner of e-reward and anindependent management consultant. He has sold over 500,000 books on thesubject of HRM, including A Handbook of Human Resource Management andPractice, Performance Management, How to Be An Even Better Manager andStrategic Human Resource Management (all published by Kogan Page).

Human Capital Management (HCM) has recently been described as a high-level strategic issue that seeks to analyze, 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. Baron and Armstrong explain how to achieve these objectives using various approaches including describing the concept of HCM and how the process works, discussing its application in numerous areas within an organization and examining the role of HR in HCM and the future of the concept. It also contains a toolkit which organizations can use to develop their own HCM policies and practices.

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