Article1997

Values as a vital supplement to the use of financial analysis in HRD

9 citations0/0 files storedHuman Resource Development Quarterly

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Human Resource Development and Performance Evaluation Human Resource and Talent Management Education, Management, Technology, Human Resources

Abstract

Abstract The use of financial costs and benefits to analyze human resource development (HRD) proghrams has become common practice. Because financial analysis tools have been used extensively in evaluating HRD programs, the effects of these tools should be examined. Like other instruments, financial analysis tools can produce benefits, but they also have limitations. This article describes the benefits and problems that stem from using HRD financial analysis tools and examines the need to use values as a supplement to fiancial analysis.

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References

1978Human competence—engineering worthy performance 2006Why My Former Employees Still Work for Me 1994Measuring return on investment 1988Forecasting Financial Benefits of Human Resource Development 1992A case study in forecasting the financial benefits of unstructured and structured on‐the‐job training 1982Costs, benefits, and productivity in training systems 1990Financial analysis: The methods and their application to employee training 1995Training cost analysis

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