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- Herausgeber: Business Book Summaries
- Kategorie: Fachliteratur
- Sprache: Englisch
The must-read summary of Mark Huselid, Brian Becker and Richard Beatty's book: "The Workforce Scorecard: Managing Human Capital to Execute Strategy".
This complete summary of the ideas from Mark Huselid, Brian Becker and Richard Beatty's book "The Workforce Scorecard" shows how corporate success today is fueled more and more by the performance of intangible assets. The most important of these intangibles is usually a firm’s workforce. In their book, the authors state that a firm must meet three challenges in order to maximise the contribution of its workforce: perspective, metrics and execution. This summary demonstrates how you can succeed in these challenges and get the most out of your employees.
Added-value of this summary:
• Save time
• Understand key concepts
• Expand your knowledge
To learn more, read "The Workforce Scorecard" and find out how you can achieve strategic success in your company.
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Seitenzahl: 28
Veröffentlichungsjahr: 2014
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Book Presentation: The Workforce Scorecard by Mark Huselid, Brian Becker and Richard Beatty
Book Abstract
About the Author
Important Note About This Ebook
Summary of The Workforce Scorecard (Mark Huselid, Brian Becker and Richard Beatty)
Book Presentation: The Workforce Scorecard by Mark Huselid, Brian Becker and Richard Beatty
Book Abstract
Main Idea
Corporate success today is fueled more and more by the performance of intangible assets. The most important of these intangibles is usually a firm’s workforce. Many times, the workforce is a businesses’ largest underperforming asset and the area where the greatest gains in competitive performance can be generated.
To maximize the contribution of its workforce, a firm must meet three challenges:
The Perspective Challenge – To view the workforce in terms of potential contribution rather than as a cost to be minimized.The Metrics Challenge – To replace conventional benchmarking metrics with measures that will differentiate improvement.The Execution Challenge – To hold both line managers and HR staff jointly responsible for workforce quality and performance.In practical terms, this means companies don’t just need one strategy but actually require three strategies and three corresponding scorecards to measure the success of each of those strategies:
“Of all the factors affecting firm performance that CEOs and senior managers can directly influence, workforce success – or the extent to which a firm can generate a workforce with the culture, mind-set, competencies, and strategic behaviors needed to execute its strategy-is both the most important and most underperforming asset in most businesses. In an economic environment marked by hyper competition, anything less than optimal workforce success is a direct threat to the very survival of the firm.”
– Mark Huselid, Brian Becker and Richard Beatty
About the Author
MARK HUSELID is professor of HR management at Rutger University’s school of management. Dr. Huselid, a graduate of California State University, the University of Kansas and State University of New York, specializes in analyzing the links between workforce management, measurement systems, strategy execution and firm performance. Dr. Huselid is a co-author of The HR Scorecard.
BRIAN BECKER is professor of human resources at the State University of New York. Dr. Becker’s area of specialization is on the relationship between human resources systems, strategy execution and firm performance. Dr. Becker is also a co-author of The HR Scorecard.
RICHARD BEATTY is also a professor of HR management at Rutger University as well as serving on the faculty of the University of Michigan’s Executive Education Center. He is the editor of Human Resource Management Journal. Dr. Beatty is the author of Performance Appraisal and Human Resource Management. His areas of specialization are human resource strategy and workforce performance.
The Web site for this book is atwww.theworkforcescorecard.com.
Important Note About This Ebook
This is a summary and not a critique or a review of the book. It does not offer judgment or opinion on the content of the book. This summary may not be organized chapter-wise but is an overview of the main ideas, viewpoints and arguments from the book as a whole. This means that the organization of this summary is not a representation of the book.
Summary of The Workforce Scorecard (Mark Huselid, Brian Becker and Richard Beatty)
Challenge #1: The perspective challenge
