Preview

HUMAN CAPITAL PLANNING A REVIEW OF LITERATURE AND IMPLICATION FOR HR DEVELOPMENT

Good Essays
Open Document
Open Document
7878 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
HUMAN CAPITAL PLANNING A REVIEW OF LITERATURE AND IMPLICATION FOR HR DEVELOPMENT
Human Resource Development
Review
http://hrd.sagepub.com

Integrative Literature Review: Human Capital Planning: A Review of
Literature and Implications for Human Resource Development
Kenneth J. Zula and Thomas J. Chermack
Human Resource Development Review 2007; 6; 245
DOI: 10.1177/1534484307303762
The online version of this article can be found at: http://hrd.sagepub.com/cgi/content/abstract/6/3/245 Published by: http://www.sagepublications.com On behalf of:

Academy of Human Resource Development

Additional services and information for Human Resource Development Review can be found at:
Email Alerts: http://hrd.sagepub.com/cgi/alerts
Subscriptions: http://hrd.sagepub.com/subscriptions
Reprints: http://www.sagepub.com/journalsReprints.nav
Permissions: http://www.sagepub.com/journalsPermissions.nav
Citations (this article cites 11 articles hosted on the
SAGE Journals Online and HighWire Press platforms): http://hrd.sagepub.com/cgi/content/refs/6/3/245 Downloaded from http://hrd.sagepub.com by ronny walean on May 6, 2008
© 2007 SAGE Publications. All rights reserved. Not for commercial use or unauthorized distribution.

Integrative Literature Reviews

Human Capital Planning: A Review of Literature and Implications for
Human Resource Development
KENNETH J. ZULA
Keystone College
THOMAS J. CHERMACK
Colorado State University
The shift in the U.S. economy from a manufacturing powerhouse to a servicedriven economy has placed a great emphasis on human capital planning within organizations in order to remain competitive in a new global economy. The link between critical business strategy and the successful implementation of strategy has been well documented in the literature. This article examines the literature surrounding human capital, human capital planning, and the implications for human resource development (HRD). The results of the review and synthesis of the literature are provided, and the implications for HRD scholars and practitioners are reported in detail.


Citations: http://hrd.sagepub.com/cgi/content/refs/6/3/245 Downloaded from http://hrd.sagepub.com by ronny walean on May 6, 2008 human capital return on investments (Becker, 1993). In addition, it is important to examine the human capital planning process (Brush & Ruse, 2005), the alignment of human capital to business objectives (Kaplan & Norton, 1992, 1993), the alignment of human resources to business initiatives (Becker, Huselid, & Ulrich, 2001), and the metrics and measurements associated with human capital and the allocation of resources to ensure the alignment with strategic business direction (Brush & Ruse, 2005; Weiss & Finn, 2005). © 2007 Sage Publications Downloaded from http://hrd.sagepub.com by ronny walean on May 6, 2008 According to Huselid and Barnes (2002), “little academic work has been completed regarding human capital management systems capital planning. The concept of human capital planning moves the idea of human expertise as an element of competitive advantage (de Geus, 1989) into the realm of organizational planning. In particular, this approach to planning is in line with Becker, Huselid, and Ulrich’s (2001) Human Resource an exhaustive review of referred and nonreferred publications as outlined by Torraco (2005) Downloaded from http://hrd.sagepub.com by ronny walean on May 6, 2008 © 2007 SAGE Publications
Continue Reading
View Writing Issues

You May Also Find These Documents Helpful

  • Good Essays

    Unit 16 Human Resource Management in Business
    • 3184 Words
    • 13 Pages

    Unit 16 Human Resource Management in Business

    In this assignment I will discuss the internal and external factors to consider when planning human resource requirements. I will also discuss how employee’s skills are identified and explain why human resource planning is important to a business.…

    • 3184 Words
    • 13 Pages
    Good Essays
    Read More
  • Powerful Essays

    Developing Professional Practice
    • 3124 Words
    • 13 Pages

    Developing Professional Practice

    9- Holbeche, L., (2012) Aligning Human Resources and Business Strategy (2nd ed.), Human Resource Management International Digest, Vol. 20 Iss: 3…

    • 3124 Words
    • 13 Pages
    Powerful Essays
    Read More
  • Better Essays

    HRM 498 Week 1: Management Challenges And Concerns
    • 1033 Words
    • 5 Pages

    HRM 498 Week 1: Management Challenges And Concerns

    Establishing objectives and following through by developing and implementing programs such as appraising, staffing, training, and compensating - ensure that people with the right characteristics and skills are available when and where the organization needs them (Jackson & Schuler, 1990). A major objective of human resource planning is facilitating business effectiveness. Human resource departments need to be able to analyze data that may need to guide all age groups for future years. Organizations need to know…

    • 1033 Words
    • 5 Pages
    Better Essays
    Read More
  • Good Essays

    Human Capital Management
    • 748 Words
    • 3 Pages

    Human Capital Management

    Our “sales manager Tom Gonzalez” (employee profile) has been selected from EnviroTech. We have to make sure that his compensation is more than what he used to get in EnviroTech. He is innovative, highly experienced and customer focused. We need to retain such employees to proceed…

    • 748 Words
    • 3 Pages
    Good Essays
    Read More
  • Powerful Essays

    Human Capital Planning
    • 6124 Words
    • 25 Pages

    Human Capital Planning

    The HR function at Corning, Incorporated, considers human capital planning (HCP) a critical business process because of its transformational impact on the value the function delivers to the business and the way it delivers that value. With HCP, HR has the opportunity to get and keep a seat at the strategic decision making table.…

    • 6124 Words
    • 25 Pages
    Powerful Essays
    Read More
  • Satisfactory Essays

    Counterproductive Effects in Rewards and Motivation
    • 482 Words
    • 2 Pages

    Counterproductive Effects in Rewards and Motivation

    Human Wealth refers to the knowledge and acquired skills; a person has to upsurge his or her ability to conduct activities with economic value. Human Wealth is most often acquired by knowledge on through teaching by others who already have the necessary skills. It is the factor that differentiates raw labour power from skilled expertise at some task or job and as a crucial determinant of productivity. Today’s companies’ true strength resides in their Human…

    • 482 Words
    • 2 Pages
    Satisfactory Essays
    Read More
  • Powerful Essays

    An Analysis of Succession Planning as a Strategy for Organizational Continuity
    • 6074 Words
    • 25 Pages

    An Analysis of Succession Planning as a Strategy for Organizational Continuity

    Alphander, G.G. (1980). Human Resource Planning in U.S. Corporations. California Management Review, 22(3): 24 32.…

    • 6074 Words
    • 25 Pages
    Powerful Essays
    Read More
  • Best Essays

    Audit Rotation: Pros and Cons
    • 1753 Words
    • 8 Pages

    Audit Rotation: Pros and Cons

    This assignment is aimed at highlighting the impact of human resource strategies on achieving organizations objectives. It focuses on Team building, recruitment and selection, organizational culture, business and organizational strategies and human capital as a source of competitive advantage.…

    • 1753 Words
    • 8 Pages
    Best Essays
    Read More
  • Satisfactory Essays

    Human Resources
    • 658 Words
    • 3 Pages

    Human Resources

    Human Capital using using Strategic Alignment | | | |"Human Capital Issues rank high among CEOs' key challenges, in fact, five of their top seven priorities relate to human capital in general and to leadership in particular." Accenture: The High Performance Workplace Study 2002/2003…

    • 658 Words
    • 3 Pages
    Satisfactory Essays
    Read More
  • Powerful Essays

    Foreign Workers In Malaysia
    • 2823 Words
    • 35 Pages

    Foreign Workers In Malaysia

    • Plan for the development of future human capital needs. • Two Interlinked Components I. Human Resource Management 1. 2. 3. 4.…

    • 2823 Words
    • 35 Pages
    Powerful Essays
    Read More
  • Powerful Essays

    Human Resource in Business Management
    • 1194 Words
    • 5 Pages

    Human Resource in Business Management

    A business is an organization that provides goods and services to consumers. For most businesses, their main purpose is to maximize profits for the owners. To do that, there are various business models developed to help them, and the process is deemed as a business strategy. There are many components that contribute to the development of a business model. One key component is human resource management. Human resource management links people-related activities to the development of business models. Despite the various inputs required for a firm to operate, there has been an increasing emphasis on human capital in recent years. This results in human resource management becoming important in how businesses strategize.…

    • 1194 Words
    • 5 Pages
    Powerful Essays
    Read More
  • Satisfactory Essays

    HUMAN CAPITAL MANAGEMENT

    • 409 Words
    • 2 Pages

    HUMAN CAPITAL MANAGEMENT

    Human capital management (HCM) is an approach to employee staffing that perceives people as assets (human capital) whose current value can be measured and whose future value can be enhanced through investment.…

    • 409 Words
    • 2 Pages
    Satisfactory Essays
    Read More
  • Better Essays

    Human Resource Planning Process
    • 2846 Words
    • 12 Pages

    Human Resource Planning Process

    The ongoing process of systematic planning to achieve optimum use of an organization's most valuable asset - its human resources. The objective of human resource (HR) planning is to ensure the best fit between employees and jobs, while avoiding manpower shortages or surpluses. The three key elements of the HR planning process are forecasting labor demand, analyzing present labor supply, and balancing projected manpower demand and supply.…

    • 2846 Words
    • 12 Pages
    Better Essays
    Read More
  • Good Essays

    Assignment Onhrm of Nokia
    • 9619 Words
    • 39 Pages

    Assignment Onhrm of Nokia

    Executive Summary This research report is a partial requirement of the project phase of MBA program, department of Business Administration, PrimeUniversity. The topics of the report are Human Resource Planning of BRAC. Human resources planning is very much important for every business organization. Human Resources may be the most misunderstood of all corporate departments, but it’s also the most necessary. ... Read More »…

    • 9619 Words
    • 39 Pages
    Good Essays
    Read More
  • Good Essays

    Human Resources Purpose and Role
    • 814 Words
    • 4 Pages

    Human Resources Purpose and Role

    In simple terms, an organization 's human resource management strategy should maximize return on investment in the organization 's human capital and minimize financial risk. Human Resources seeks to achieve this by aligning the supply of skilled and qualified individuals and the capabilities of the current workforce, with the organization 's ongoing and future business plans and requirements to maximise return on investment and secure future survival and success. In ensuring such objectives are achieved, the human resource function purpose in this context is to implement the organisation 's human resource requirements effectively but also pragmatically, taking account of legal, ethical and as far as is practical in a manner that retains the support and respect of the workforce.…

    • 814 Words
    • 4 Pages
    Good Essays
    Read More

Related Topics