HPM: A model to relate costs, benefits, and strategic impact of human resource programs

Abstract

Performance ImprovementVolume 45, Issue 6 p. 17-22 Article HPM: A model to relate costs, benefits, and strategic impact of human resource programs Stefan Pennig, Stefan Pennig Stefan Pennig: is partner of con ext-Human. Capital. Management. For more than 15 years he has worked as a consultant focused on performance improvement, strategic leadership development, and human resource management. His key competence as a consultant is supporting leaders in managing projects to change performance, culture, and opportunities for individual growth. He holds university diplomas in psychology and in economics. Stefan is engaged in several research projects. His goal is to develop guidelines to measure the economic benefits of human performance technologies with respect to a client company's strategy. Currently he is planning several projects to investigate human capital management, the measurement of human capital in organizations to predict future success. Based on this measurement, companies will be able to calculate the value of HR investments in the same terms as investments in technologies, product development, or marketing. Stefan may be reached at Stefan.Pennig@context-online.de.Search for more papers by this author Stefan Pennig, Stefan Pennig Stefan Pennig: is partner of con ext-Human. Capital. Management. For more than 15 years he has worked as a consultant focused on performance improvement, strategic leadership development, and human resource management. His key competence as a consultant is supporting leaders in managing projects to change performance, culture, and opportunities for individual growth. He holds university diplomas in psychology and in economics. Stefan is engaged in several research projects. His goal is to develop guidelines to measure the economic benefits of human performance technologies with respect to a client company's strategy. Currently he is planning several projects to investigate human capital management, the measurement of human capital in organizations to predict future success. Based on this measurement, companies will be able to calculate the value of HR investments in the same terms as investments in technologies, product development, or marketing. Stefan may be reached at Stefan.Pennig@context-online.de.Search for more papers by this author First published: 17 August 2006 https://doi.org/10.1002/pfi.2006.4930450606Citations: 3 AboutPDF ToolsRequest permissionExport citationAdd to favoritesTrack citation ShareShare Give accessShare full text accessShare full-text accessPlease review our Terms and Conditions of Use and check box below to share full-text version of article.I have read and accept the Wiley Online Library Terms and Conditions of UseShareable LinkUse the link below to share a full-text version of this article with your friends and colleagues. Learn more.Copy URL Share a linkShare onFacebookTwitterLinkedInRedditWechat Citing Literature Volume45, Issue6July 2006Pages 17-22 RelatedInformation