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Values as a vital supplement to the use of financial analysis in HRD
Author(s) -
Parsons Jennifer Gail
Publication year - 1997
Publication title -
human resource development quarterly
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.756
H-Index - 65
eISSN - 1532-1096
pISSN - 1044-8004
DOI - 10.1002/hrdq.3920080103
Subject(s) - human resources , business , financial analysis , resource (disambiguation) , cost–benefit analysis , finance , risk analysis (engineering) , management , economics , computer science , political science , computer network , law
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.