Traditionally, organizations have left human capital needs to the human resources department. However, the talent management landscape has changed. Managers have begun to recognize that attracting and employing highly talented individuals makes an enormous impact on the company's bottom line.
The `Human Capital Cycle' model presented in Achieving a Triple Win: Human Capital Management of the Employee Lifecycle presents a more systematic and comprehensive approach to human capital management based on the author's insight into the connection between and organization's strategy and its human capital needs and plans. Focusing on the six stages of the employee lifecycle, the book emphasises the need for a more adaptive, specialised approach to HRM to achieve what the author calls the `Triple Win' - substantial benefits for customers, employees and the business as a whole. The book includes:
rich descriptions and examples
details on how to plan and execute each stage
questions and issues
This book is a useful resource for senior leaders, decision makers, HR professionals and those responsible for talent management in the private and public sectors. Students of HRM and management would find this an enlightening supplementary reading.
Joyce A. Thompsen holds a Ph.D. in applied management and decision sciences. She spent ten years as a corporate HR executive. At AchieveGlobal she consults with clients to optimize talent, and to clarify and execute strategy to achieve results.
1. Introduction 2. Broadening the Human Capital Spectrum 3. Introduction to the Human Capital Cycle 4. Emergence of New Organizational Strategy 5. Definition of the Human Capital Plan 6. Recruitment and Selection 7. Employee Orientation (or "On-Boarding") 8. Development of Ongoing Capabilities (or "Career Growth") 9. Employee Departure 10. Observations, Insights, and Reflections