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Live Webcast: Human Capital Management Trends and Innovations
Once defined as simply the "workforce," human capital has come a long way. The vast knowledge, expertise and ability cannot be replaced with automation but still must be managed effectively for growth and profitability. Imagine being able to do just that in your own organization -- even better than ever before. In fact -- consolidating, integrating and outsourcing can help you lower your total cost of ownership and positively impact your bottom line.
TechRepublic presents Human Capital Management Trends and Innovations, a live and interactive webcast on leveraging technology to strategically maximize your resources.
Gain insight into innovative trends to manage your employees across their entire employment lifecycle
Discover new ways to communicate effectively across all business units, getting more done in half the time
Learn how to strategically decide when outsourcing is the right or wrong decision
Don't miss Human Capital Management Trends and Innovations, a live and interactive webcast that will help your business reach its greatest potential by more effectively managing its greatest asset - your people.
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Note: This premium editorial content is underwritten by ADP. The registration information you provide will be shared with this sponsor.
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Selecting a Web Conferencing Vendor
The Web Conferencing market has matured and the new features to evaluate are real-time communications as a service platform and mobile functionality.
Among the products evaluated, Adobe Connect and Cisco WebEx are the clear champions, and remain so even when product price for performance is accounted for.
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Adobe® Connect™: Bringing Together Video and Next-Generation Web Conferencing
Many businesses can achieve the benefits of face-to-face meetings through an investment in a video or web conferencing solution, saving the company both travel time and resources. Selecting the right technology to replace in-person meetings begins with understanding your organizational needs and pairing these needs with the optimal conferencing solution.
Adobe Connect offers an affordable award-winning web conferencing solution with multipoint video and advanced audio, as well as an expansive set of collaboration features. Because there are no barriers to entry, it allows for effective and highly interactive online meetings, training, and events, regardless of the location of the presenter or participant.
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How do you know if your Talent Management Strategy is Creating Value (IHRIM Article)
Keeping up with the speed of business is no small task. Organizations today have constant and increasing pressures from shareholders, stock analysts, customers, and employees to execute better, faster, and cheaper, while continuing to increase value. The natural cycle of talent management creates an everchanging priority list coming from multiple directions for HR. For an HR organization to adequately respond to the demands, it must address the entire talent lifecycle as a whole through an effective and well planned talent strategy. This Oracle/IHRIM article outlines the main components for building a successful strategy and understanding and measuring the benefits.
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Make-Or-Buy Decisions And The Manipulability Of Performance Measures
The make-or-buy decision is analyzed in a simple framework combining contractual incompleteness with the existence of imperfect but contractible performance measures. Contractual incompleteness gives rise to two regimes, identified with make and buy. The performance measure on which comprehensive contracts can be written is imperfect in the sense of being subject to manipulation. The main result is that the impact - or "Externality" - of manipulation on true performance is key; a positive (negative) such externality favors make (buy).
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Governance Provisions And Managerial Entrenchment: Evidence From Forced CEO Turnover Of Acquiring Firms
Several studies argue that governance provisions protect managers from the discipline. However, studies examining the relation between the deployment of governance provisions and managerial discipline provide mixed results. This paper examines whether managers of firms with a high number of provisions are less likely to be replaced following value-reducing acquisition decisions. CEOs of firms with a high number of provisions are as likely to face disciplinary turnover as are CEOs of firms with a low number of provisions, which suggests that the aggregate number of governance provisions is not a useful measure of managerial entrenchment.
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Are All Inside Directors The Same? CEO Entrenchment Or Board Enhancement
Two opposing theories currently exist concerning the role of inside directors on corporate boards. One theory emphasizes the moral hazard problem associated with CEO influence over officer-directors while the other theory emphasizes the valuable information-sharing role of inside directors. Both views treat inside directors as either homogenously beneficial or detrimental and ignore their potentially significant differences. Distinguishing inside directors by the external labor market for directorships, the authors find inside directors with outside directorships, referred to as independent insiders, and are more likely when firm specific information is highly important and less likely when a CEO is more influential.
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Asset Allocation With Option-Implied Distributions: A Forward-Looking Approach
The authors address the empirical implementation of the static asset allocation problem by employing forward-looking information from market option prices. To this end, constant maturity one month S&P 500 implied distributions are extracted and subsequently transformed to the corresponding risk-adjusted ones. Then, optimal portfolios consisting of a risky and a riskfree asset are formed and their out-of-sample performance is evaluated. They find that the use of risk-adjusted implied distributions makes the investor significantly better off compared with the case where she uses the historical distribution of returns to calculate her optimal strategy.
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The Production Function Approach To The Belgian Output Gap, Estimation Of A Multivariate Structural Time Series Model
A multivariate structural time series model is applied to the factor inputs of a production function (or components thereof) to estimate the Belgian output gap. The usefulness of capacity utilization is also investigated but the variable is not given a prominent status. The number of independent cycles - there may be more than one - and the frequencies retained in the cycles are not restricted a priori. To allow for leads and lags between variables, phase shifts à la Rünstler are introduced at a later stage. Additivity of leads and lags is not imposed. Over 1983-2004, a 3.5 years periodicity is found in the cycles. At that periodicity, the cycles in the participation and unemployment rates are negligible.
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Monitoring Job Offer Decisions, Punishments, Exit To Work, And Job Quality
Unemployment insurance systems include monitoring of unemployed workers and punitive sanctions if job search requirements are violated. The authors analyze the effect of sanctions on the ensuing job quality, notably on wage rates and hours worked, and they examine how often a sanction leads to a lower occupational level. The data cover the Swedish population over 1999-2004. They estimate duration models dealing with selection on unobservables. They use weighted exogenous sampling maximum likelihood to deal with the fact the data register is large whereas observed punishments are rare.
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Historical Review Of "Umbrella Supervision" By The Board Of Governors Of The Federal Reserve System
The paper reviews legislative history and supervisory practices related to bank holding companies with a view toward understanding what Congress meant by referring to the Board of Governors of the Federal Reserve System as the "Umbrella supervisor" in the Gramm-Leach-Bliley Act. The first part of the paper looks at the historical development of bank holding company law and regulation, which laid the foundation for the current practice of umbrella supervision. The second part of the paper provides answers to questions related to the Board's current role as umbrella supervisor: what does "Umbrella supervision" mean, and is it different from "Consolidated supervision"? And how does the GLB Act limit the Board's authority and practice
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A New Class Of Asset Pricing Models With Lévy Processes: Theory And Applications
The authors develop a new class of discrete-time asset pricing models with Lévy processes and use a¢ ne GARCH dynamics to drive the models’ time variation. These models are easy to implement and can capture three important stylized facts of asset returns, which are non-normality, time-varying return volatility, and the leverage effect. In addition, this framework yields asset return dynamics that have affine structure in their conditional transform, which leads to simple valuation of various derivatives including zero-coupon bonds and European options.
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The Life Cycle Of Family Ownership: A Comparative Study Of France, Germany, Italy And The U.K.
Using firm-level data for the largest four European economies, this paper analyzes the evolution of ownership of the largest 4,000 companies, private or listed, in France, Germany, Italy and the U.K. over the 1996-2006 period. The authors find that family ownership in the U.K. follows a life cycle: U.K. family firms evolve into widely held companies as they age, while Continental European ones do not. The stability of family firms is related to their profitability relative to non-family firms: in Continental Europe family firms are more profitable than non-family firms (but not in the U.K.). They also find that in the U.K. family ownership is diluted more quickly in sectors that are more dependent on external capital but not so in Continental Europe.
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Political Connectedness And Firm Performance - Evidence From Germany
This paper investigates politically connected German firms. With the introduction of a new transparency law, information on additional income sources of all members of the German parliament is now publicly available. The authors find that members of the conservative party (CDU/CSU) and the liberal party (FDP) are more likely to work for firms than members of left-wing parties (SPD and The Left) or the green party (Alliance 90/The Greens). Most importantly, politically connected firms significantly outperform unconnected firms on market- and accounting-based performance measures.
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Legal Corporate Insider Trading And The Price Impact Of Private Information
This paper examines the information value of corporate insider trading disclosures for a sample of 2,108 public traded companies located in seven (continental) European countries. Their results indicate that insiders selling (buying) stocks in their own company reveal negative (positive) information about the intrinsic firm value. This general observation is mainly driven by German law countries and declines over time. In addition, stock prices of smaller companies react stronger to insider transactions. Furthermore, insiders tend to time their trades, selling shares after stock price increases and buying shares after stock price decreases.
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