Investing in People: Financial Impact of Human Resource Initiatives

Chapter 2. Analytical Foundations of HR Measurement

The preceding chapter noted the importance of analytics within a complete framework for a decision-based approach to human capital measurement. As you will see in the chapters that follow, each type of HR measurement has its own particular elements of analytics, those data analysis and design factors that ensure that the findings are legitimate and generalizable. However, it’s also true that nearly every element of human resource management (HRM) relies on one or more supporting analytical concepts. These concepts are often the elements that scientists have identified as essential to drawing strong conclusions, or they reflect the tenets of economic analysis that ensure that the inferences that ...