We often hear generic statement like "HR MUST ADD VALUE TO THE BUSINESS..." The aim of this book is to highlight the value of 'human capital' as a strategic tool for business competitiveness. In the era of the fourth Industrial Revolution (also known as Industry 4.0), the Human Capital Function needs to secure an acclaimed role as an agile function; overstepping operational hurdles to become a strategic partner… thus a recognized contributor to the business bottom-line.
Some companies attempt the HCM function's turnaround in a piecemeal or sporadic manner; by adopting myriad ideas or fads. This trial and error approach needs to be replaced with (what this book elucidates) – the HCM 4.0 BUSINESS CENTRIC MODEL; which structures disconnected ideas into a cogent model; to dovetail seamlessly with the business strategy.
This book gives a practical framework which enmeshes the discordant HCM processes and practices into an holistic HCM Master Plan. The Model guides the way to the HCM function becoming business centric – first by being outward-looking to be in touch of the market conditions; and then inward-centered to gauge the organization readiness level to address hardcore business issues. All this can become real only if functional/business managers are coopted as stakeholders. HCM needs to revamp the function and embrace the norm of "management-by- measurement" and acquire the new competencies and mindset HCM professionals need to be abreast with changing times.
HCM 4.0 BUSINESS - CENTRIC MODEL hits upon the tricks and tactics of execution. Each part of this book gives steps to individualize and implement the model to be aligned with the company context. Each segment of the model gives a Task List for "getting things done"… So, every concept is linked to practical application. The book features Key Concept/Critical Reflection Boxes; Discussion and Review Questions and Activities to Help Reflection and Critical Thinking. These aids should help every reader to fully engage with the mission of HCM 4.0.
FOR WHOM WAS THIS BOOK WRITTEN?
Here is a chance for Human Resource managers (who aspire to be serious practitioners) to learn strategic ways of managing the function. This book is also recommended for business/functional managers who need to work with the HCM strategy. Entrepreneurs and Business Owners should read this book to spearhead a new wave of HCM in their companies. Professors/academicians or MBA students of MBA will find this a useful reference book to look into the current needs of business and industry.
Part I - HCM 4.0 MODEL BLUEPRINT ON THE DRAWING BOARD
1: HCM 4.0 Writing a New Mandate —Becoming Strategic and Proactive
2: Aligning HCM 4.0 Plan to Business Strategy— An Holistic Approach
3: HCM Master Plan Summit —A Comprehensive Exercise to Turnaround Your Function
4: HCM 4.0 Model Inward/Outward Approach
5: Company-wide Cross-functional Approach —Line Manager's Role in HCM 4.0
Part II - HCM 4.0 EXECUTION AND THE ART OF MAKING THINGS HAPPEN
6: HCM 4.0— Strategy Execution: Changing Gears—From Planning to Execution
7: HCM 4.0 Implementation —Pitfalls and Precautions
8: Key Deliverables of HCM 4.0 Value Proposition
9: How to 'Sell' the HCM 4.0 Value Proposition?
10: HCM 4.0 Sharpens the Strategic Edge —Carving Out Its New Role Space
Part III - HOW TOWIN CREDIBILITY FOR THE HCM 4.0 MODEL?
11: HCM 4.0 Management-by-Measurement
12: The Evolution of Management-by-Measurement
13: Management-by-Measurement — Charting the Course Step-by-step
14: Sample List of Strategic Metrics —Helping HCM 4.0 to Prove its Worth
Concluding Agile HCM 4.0—Embrace Disruption