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Scm

Submitted by anupamjain008 on August 25, 2007

Category: Business
Words: 692 | Pages: 3
Views: 106
Popularity Rank: 92,530
Average Member Grade: N/A (Add a Comment / Grade this Paper)

The future lies in HR focusing on strategic people
management activities rather than administrative
deliverables and most organizations have started
to use some measures of human capital -
headcount, turnover, and productivity - or make
some assessment of the value produced.
However, there are certain principles you need to
consider to maximize the benefit you receive
from using Human Capital Management (HCM).






An effective tool for HR value proposition

1. Quantify the deliverables.

The power of measurement is not the metrics or data you collect.

Rather, the benefit comes from your ability to use the information to

diagnose your organizational situation and make better decisions to

move the business towards its strategic goals. Organizations should

review current metrics available through technology in the light of their

use for decision-making.

2. Guide people decisions.

HCM is not about proving the value people add to the business; good

leaders already have this fundamental philosophy. It is about guiding

investment decisions and understanding the benefits and trade-offs in

people decisions.

3. HCM is an integrated HR Tool

HCM ranges from basic metrics to comparative information, from

scorecards to predictive models. To succeed with HCM, organizations

need to select the HCM approach that aligns with their context and

needs. This need could be developing or identifying key metrics, setting

performance levels or measuring the ROI of HR practices.

The future lies in HR focusing on strategic people

management activities rather than administrative

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