You are previewing Hurconomics for Talent Management: The Creation of a Business-driven HRD Missionary.
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Hurconomics for Talent Management: The Creation of a Business-driven HRD Missionary

Book Description

'Hurconomics' is a way of looking at people, processes and events in economic and financial terms. This book deals with the economics of human resources and attempts to analyse HR activities, processes, events, systems and decisions in terms of costs and returns.

Table of Contents

  1. Cover
  2. Title Page
  3. Contents
  4. By the Same Author
  5. Foreword
  6. Preface
  7. 1. HURCONOMICS
    1. A Framework for Measuring Return on Investment (ROI) on People
    2. Costing Time: TVRLS Methodology
    3. The Framework for This Book
    4. A Framework for Other Impact Measures
    5. Indices of ROI
  8. 2. INTELLECTUAL CAPITAL AND HRD
    1. What Is Intellectual Capital?
    2. Market Capitalization of Indian Companies: Percentage of Net Fixed Assets to Market Value
    3. Role of Human Capital in Organizational Excellence
    4. Some Critical Forms of Human Capital
    5. Leadership Talent and HR Practices Make a Difference
    6. Trying to Win the War for Talent
    7. Where Do We Go From Here?
    8. Exercise
  9. 3. COMPETENCY MAPPING
    1. The Story of 4²: Four Brothers and Four Professionals
    2. Competency Mapping Is Not Complicated
    3. What Is Competency?
    4. Some Tips on Mapping Competencies
    5. The Hurconomics of Competency Mapping
    6. The Real Cost of Competency Mapping Using External Consultants
  10. 4. TALENT ACQUISITION AND INTEGRATION
    1. New Developments: From Recruitment to Top-Grading
    2. Talent Identification and Assessment Tools
    3. The Theory of Psychometric Testing
    4. Assimilation and Integration
    5. Hurconomics: How to Calculate Recruitment Costs
  11. 5. GETTING DIVIDENDS FROM PERFORMANCE MANAGEMENT
    1. Performance Appraisal Versus Performance Management
    2. When Can We Say That the System Is Working Well?
    3. Implementation Mistakes
    4. Performance Management: From a Systems to a Spiritual Approach
    5. Some Recommendations for Implementing PMS
    6. Hurconomics: The Cost of Not Planning One’s Work and Performance
  12. 6. 360° FEEDBACK
    1. The Cost of a Smile
    2. 360° Feedback or Multi-Rater Assessment and Feedback System (MAFS)
    3. The RSDQ Model of 360° Feedback
    4. Hurconomics: ROI on 360° Feedback
  13. 7. ASSESSMENT AND DEVELOPMENT CENTRES
    1. Introduction
    2. Definition of Assessment Centre
    3. 360° Feedback as an Instrument in Assessment Centres
    4. Individual and Organizational Assessment Centre (IOAC)
    5. Suggested Methodology for Assessment Centres in Indian Firms
    6. Hurconomics of Assessment and Development Centres (ADCs)
  14. 8. PAY FOR PERFORMANCE
    1. Linking Pay Cheque with Purpose
    2. Performance-Linked Pay (PLP) or Performance-Related Pay (PRP)
    3. The Need for PLP in the Public Sector and Civil Services
  15. 9. RETENTION STRATEGIES
    1. Costs of Attrition
    2. Why Do People Leave Jobs?
    3. Some Methods to Manage Retention and HRU
  16. 10. LEADERSHIP ROLES AND SELF-RENEWAL OF HR PROFESSIONALS
    1. How Much Does an HR Manager Cost?
    2. Theoretical Frameworks of HRD
    3. Leadership and Execution Roles of HR Professionals
    4. Self-Renewal of HR Professionals
    5. Exercise
  17. 11. HRD AUDIT
    1. The Benefits of HRD Audits: An Example
    2. Why Conduct an HRD Audit?
    3. HRD Audit as an OD Intervention
    4. Results of a Research Study
    5. Current Status of HRD Audit and Conclusions
    6. Exercise
  18. 12. HURCONOMICS FOR CEOs
    1. HR Interventions in Indian Companies
    2. Flaws in Indian Organizations
    3. How Time Gets Spent: A Guide to Enhancing Value Addition
  19. 13. HURCONOMICS: APPLICATIONS AND EXERCISES
    1. Introduction
    2. Application M: Manufacturing
    3. Application I: IT Company
    4. Application BR: Bank and Rewards
    5. Application E: Cost of Emotions
    6. Application HR: HR Managers
    7. Application CT: Cost of Commuting
    8. Application Int: Cost of Interruptions at Work
    9. Application Procrast: Procrastination at the Workplace
    10. Application D-I: Divisiveness and Integration
  20. Final Word
  21. Copyright