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Hurconomics for Talent Management: The Creation of a Business-driven HRD Missionary by T. V. Rao

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13

Hurconomics: Applications and Exercises

Introduction

In this chapter, I have attempted to present some cases and problems relating to the application of hurconomics. I would encourage you to solve these problems and generate more examples. No solutions are presented—I hope that you will be encouraged to think of other related problems and issues.

Try to convert the situations discussed here into financial terms and justify your answers.

The TVRLS formulae on R-COT and O-COT, outlined in this book, have been found useful in making various calculations. They also enhance one’s sensitivity to time and the ROI on human talent. With these measures, you can now compute the following:

  • ROI on performance appraisals
  • Cost of a conflict
  • Cost of coming ...

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