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Innovation and Best Practice
for Business Success

Established 1967

Human Capital Management

Human Capital Management

Achieving Added Value Through People

Angela Baron, Michael Armstrong


Examining the bridge between human resource management and business strategy, Human Capital Management is a practical guide for HR practitioners and managers who want to improve business performance through effective people management.

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About the book

Human Capital Management (HCM) has recently been described as a high-level strategic issue that seeks to analyze, measure and evaluate how people policies and practices create value. Put simply, HCM is about creating and demonstrating the value that great people and great people management add to an organization.

This unique book describes how HCM provides a bridge between human resource management and business strategy. It also demonstrates how organizations can use the concepts of human resource management and the processes involved to enhance the value they obtain from people while continuing to meet their aspirations and needs.

Baron and Armstrong explain how to achieve these objectives using various approaches including describing the concept of HCM and how the process works, discussing its application in numerous areas within an organization and examining the role of HR in HCM and the future of the concept.

It also contains a toolkit which organizations can use to develop their own HCM policies and practices.

Table Of Contents

    • Chapter - 00: Introduction;
  • Section - ONE: The essence of HCM;
    • Chapter - 01: The concept of human capital;
    • Chapter - 02: The concept of HCM;
    • Chapter - 03: The process of HCM;
  • Section - TWO: The practice of HCM;
    • Chapter - 04: Human capital data;
    • Chapter - 05: Measuring human capital;
    • Chapter - 06: Human capital reporting;
    • Chapter - 07: Applications of HCM ;
  • Section - THREE: The role and future of HCM;
    • Chapter - 08: The role of HR in HCM;
    • Chapter - 09: The skills HR specialists need for HCM;
    • Chapter - 10: The future of HCM

Book Details

  • EAN: 9780749453848
  • Edition: 1
  • Published: 3rd August 2008
  • Paperback
  • Dimensions: 234x156
  • 240 pages

About the Author

Angela Baron is an advisor at the Chartered Institute of Personnel and Development. Her areas of expertise include; resourcing and organizational development.

Michael Armstrong is a former Chief Examiner of the Chartered Institute of Personnel and Development, joint managing partner of e-reward and an independent management consultant. He has sold XXXXXX books on the subject of HRM (published with Kogan Page) including the leading HR title A Handbook of Human Resource Management Practice.

Angela Baron

Michael Armstrong