“If you want it, measure it. If you can’t measure it, forget it”

IIPM Best MBA INSTITUTE

“If you want it, measure it. If you can’t measure it, forget it”

– Peter Drucker.

So, what’s your company’s human capital equation like? “dln(Y)it = ç1d-PUBit + ç2 d(PUBit*time) + Óm = 1 to M µÂmdln(Zmit).” What?!?!

Yes, the day might not be far when Indian companies would’ve made such a representation of their people and talent within the organisation in terms of formulae and other mathematical variables. Terms like Human Capital Index, HR metrics, HR Accounting (HRA) & Key Performance Indicators (KPIs), are commonly heard in boardroom discussions. Looks like corporate India is smitten with the quantitative school of thought even where it comes to its people functions. It’s not without a cause though; the mounting pressure on functional and chief executives of corporate India to show impressive figures is compelling one and all to create and effectuate tools to measure value in respective departments and returns on various investments being made.

For Complete IIPM Article, Click on IIPM Article

Source : IIPM Editorial, 2007

An IIPM and Malay Chaudhuri – Arindam Chaudhuri Initiative

Rashmi Bansal Publisher of JAMMAG magazine caught red-handed, for details click on the following links.

• Hindustan Times Article - Publisher goes underground
• Rashmi Bansal (Editor of JAMMAG)
• Rashmi Bansal (Publisher of JAMMAG)