Personnel Today
  • Home
    • All PT content
    • Advertise
  • Email sign-up
  • Topics
    • HR Practice
    • Employee relations
    • Equality, diversity and inclusion
    • Learning & training
    • Pay & benefits
    • Wellbeing
    • Recruitment & retention
    • HR strategy
    • HR Tech
    • The HR profession
    • Global
    • All HR topics
  • Legal
    • Case law
    • Commentary
    • Flexible working
    • Legal timetable
    • Maternity & paternity
    • Shared parental leave
    • Redundancy
    • TUPE
    • Disciplinary and grievances
    • Employer’s guides
  • AWARDS
    • Personnel Today Awards
    • The RAD Awards
  • Jobs
    • Find a job
    • Jobs by email
    • Careers advice
    • Post a job
  • XpertHR
    • Learn more
    • Products
    • Pricing
    • Free trial
    • Subscribe
    • XpertHR USA
  • Webinars
  • OHW+

Personnel Today

Register
Log in
Personnel Today
  • Home
    • All PT content
    • Advertise
  • Email sign-up
  • Topics
    • HR Practice
    • Employee relations
    • Equality, diversity and inclusion
    • Learning & training
    • Pay & benefits
    • Wellbeing
    • Recruitment & retention
    • HR strategy
    • HR Tech
    • The HR profession
    • Global
    • All HR topics
  • Legal
    • Case law
    • Commentary
    • Flexible working
    • Legal timetable
    • Maternity & paternity
    • Shared parental leave
    • Redundancy
    • TUPE
    • Disciplinary and grievances
    • Employer’s guides
  • AWARDS
    • Personnel Today Awards
    • The RAD Awards
  • Jobs
    • Find a job
    • Jobs by email
    • Careers advice
    • Post a job
  • XpertHR
    • Learn more
    • Products
    • Pricing
    • Free trial
    • Subscribe
    • XpertHR USA
  • Webinars
  • OHW+

HR strategyHuman capital

Human capital management feedback

by Personnel Today 14 Jun 2005
by Personnel Today 14 Jun 2005

Is human capital management (HCM) the holy grail of HR, or the emperor’s new clothes? At the latest Personnel Today HR Directors Club Workshop event in London last week, which was supported by Oracle, some of the UK’s leading HR professionals debated the issue.

Professor William Scott-Jackson, centre for applied HR research, Oxford Brookes University, said: “HR directors are frightened to make numbers up, but sales and market-ing do it. As long as they are based on some sort of detail, it is fine. Work out what you believe and then find statistics that back you up.”

Michael Griffin, executive director of HR, King’s College Hospital, said: “The term ‘HCM’ puts up barriers for me. I also question the legitimacy of the term ‘capital’, as it is a depreciating asset. The challenge for HR is to prove that people are an appreciating asset.”

Linda Smith, HR director, Accord, said: “If we give too many statistics, we could go backwards again and be perceived as record-keepers. It has to be a measure of the value.”

Brian Cormican, business development, HCM, Oracle: “There are a lot of people out there who don’t do the simple things. Do some of these, and then migrate up.”

Ruth Altman, director of HR and development, Cranfield University, said: “HR people aren’t brave enough. No-one challenges figures coming from the finance director, so don’t assume they’ll question yours.”

Shirley Pointer, director for HR and change management, DTI, said: “The HR profession needs to get evidence to justify investment in IT systems. It is scary that it is not being done. Fit your argument to the strategic aim of the board.”

Save 20% on our One-Stop Guide to Human Capital Management. Call 01371 810433 or order online www.personneltoday.com/resources

Personnel Today
Personnel Today

Personnel Today articles are written by an expert team of award-winning journalists who have been covering HR and L&D for many years. Some of our content is attributed to "Personnel Today" for a number of reasons, including: when numerous authors are associated with writing or editing a piece; or when the author is unknown (particularly for older articles).

previous post
Northern Ireland commuters urged to get on their bikes
next post
Asylum seekers boost local economy

You may also like

Chief financial officers now more involved in HR

1 Jul 2022

CIPD Festival of Work: ‘Use crises as catalysts...

15 Jun 2022

Does a four day week work? Charlotte Lockhart...

1 Jun 2022

Davos 2022: ‘Invest in social jobs to save...

27 May 2022

Davos 2022: Upskilling workers necessary to overcome business...

26 May 2022

Davos hears that ‘wages can rise’ without creating...

26 May 2022

Adapt culture to hybrid work: do not force...

20 May 2022

Women in FTSE 350 leadership: ‘A lot of...

20 May 2022

Squishy, flabby, foggy HR? Andrew Bartlow talks to...

20 May 2022

How the Global Business Mobility visa will overhaul...

14 Apr 2022
  • 6 reasons why work-based learning is better than traditional training PROMOTED | A recent Fortune/Deloitte survey found that 71% of CEOs are anticipating that this year’s biggest business disrupter...Read more
  • Strengthening Scotland’s public services through virtual recruiting PROMOTED | This website is Scotland's go-to place for job seekers looking to apply for roles in public services...Read more
  • What’s next for L&D? Enter Alchemist… PROMOTED | It’s time to turn off the tedious and get ready for interactive and immersive learning experiences...Read more
  • Simple mistakes are blighting the onboarding experience PROMOTED | The onboarding of new hires is a company’s best chance...Read more
  • Preventing Burnout: How can HR help key workers get the right help? PROMOTED | Workplace wellbeing may seem a distant memory...Read more

Personnel Today Jobs
 

Search Jobs

PERSONNEL TODAY

About us
Contact us
Browse all HR topics
Email newsletters
Content feeds
Cookies policy
Privacy policy
Terms and conditions

JOBS

Personnel Today Jobs
Post a job
Why advertise with us?

EVENTS & PRODUCTS

The Personnel Today Awards
The RAD Awards
Employee Benefits
Forum for Expatriate Management
OHW+
Whatmedia

ADVERTISING & PR

Advertising opportunities
Features list 2022

  • Facebook
  • Twitter
  • Instagram
  • Linkedin


© 2011 - 2022 DVV Media International Ltd

Personnel Today
  • Home
    • All PT content
    • Advertise
  • Email sign-up
  • Topics
    • HR Practice
    • Employee relations
    • Equality, diversity and inclusion
    • Learning & training
    • Pay & benefits
    • Wellbeing
    • Recruitment & retention
    • HR strategy
    • HR Tech
    • The HR profession
    • Global
    • All HR topics
  • Legal
    • Case law
    • Commentary
    • Flexible working
    • Legal timetable
    • Maternity & paternity
    • Shared parental leave
    • Redundancy
    • TUPE
    • Disciplinary and grievances
    • Employer’s guides
  • AWARDS
    • Personnel Today Awards
    • The RAD Awards
  • Jobs
    • Find a job
    • Jobs by email
    • Careers advice
    • Post a job
  • XpertHR
    • Learn more
    • Products
    • Pricing
    • Free trial
    • Subscribe
    • XpertHR USA
  • Webinars
  • OHW+