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Proving the Value of HR, 2nd Edition
book

Proving the Value of HR, 2nd Edition

by Dr. Jack Phillips, Patricia Pulliam Phillips
July 2012
Beginner to intermediate
328 pages
7h 28m
English
SHRM - Kogan Page
Content preview from Proving the Value of HR, 2nd Edition

Chapter 6:

Converting Data to Money

To calculate the ROI, calculating monetary benefits by converting data to monetary values is necessary. While results at lower levels are important, converting the positive outcomes into monetary figures is more valuable from an executive viewpoint. This chapter explains how HR professionals are moving beyond simply tabulating business results to developing monetary values. A variety of methods available to convert impact data to money are presented in this chapter.

Why Calculate Monetary Benefits?

The answer to this question is not always clearly understood. An HR program could be labeled a success without converting to monetary values, just by using business impact data showing the amount of change directly ...

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Publisher Resources

ISBN: 9781586442897