The Mack Institute’s Fall Conference 2018 examined how a welter of emerging technologies are transforming not only the way we work, but how and whom we hire.…Read More
The Battle for Talent in the New Economy: Opportunities and Hidden Challenges
human capital
Bias-aware AI for Human Capital Management: An Innovative Approach for Algorithmic Job Screening
A well-known maxim in management is that “your people are your greatest asset”. Recruitment strategies in particular have been linked to firms’ innovative capacity, emphasizing the importance of maintaining competitive advantages in HR as a key goal of effective innovation management. …Read More
Why Do Firms Offer Dicey Perks? The Case of Unlimited Vacation
The use of employee perks is becoming increasingly important to organizational competitiveness. Consequently, innovating along the human resource dimension has become a strategy imperative for many firms. Typically, firms introduce perks that are complementary to work. However, another set of perks that makes it easier for people to leave the workplace has gain more popularity over time. …Read More
How IT Innovation Affects Job Design
The proposed study analyzes a data set of over eighty million online job listings from the years 2010 to 2016 (about 1 to 2 million each month). The data include job titles, locations (MSA), industry (NAICS), employer names — and most importantly for this analysis — detail on the specific skills required for a job. …Read More
“HR Should Have a Seat at the Table Strategically”
Dennis Carey (Vice Chairman, Korn Ferry) discusses his new book, “Talent Wins: The New Playbook for Putting People First,” about the key strategic role he believes human resources can play.…Read More
Individuals Adapt to New Technologies Quickly. HR Needs to Catch Up.
Erica Volini, U.S. Human Capital Leader at Deloitte, discusses the organizational pressures digital technologies are putting on firms across sectors.…Read More
When Time Away Sparks Time at Work: Time-Off as a Source of Competitive Advantage for Innovation
The management view of human capital as a source of sustained competitive advantage
has driven research on how strategic human resource practices affect organizational performance. This paper focuses on how a firm’s time-off policy can be a source of competitive advantage in entrepreneurial settings, particularly for innovation.…Read More
Predicting Startup Survival Using the Normalized Burn Rate
How much to spend is a key managerial decision for entrepreneurs. Arguments favoring lean startups rely on the burden of rapid growth, reduced monitoring costs or the ineffcient use of cash. Arguments favoring high “burn rates” rely on the early creation of economies of scale and complementary assets; and the motivation benefits of efficiency wages and experimentation.…Read More
Organizational Matching
For relatively large firms, especially multinationals, it is often a difficult human resource task to assign employees to different country offices, departments, divisions, or teams in the best possible way. This task can be extremely delicate and complex, especially when a company has many employees to go through the (re)assignment process. …Read More
Strategy, Human Capital Investments, Business-Domain Capabilities, and Performance: A Study in the Global Software Services Industry
In knowledge-based industries, continuous human-capital investments are essential for firms to enhance capabilities and sustain competitive advantage. However, such investments present a dilemma for firms, because human resources are mobile.…Read More
Can Employee Training Lead to Higher Profits?
Does intensive internal training of employees lead to higher profits? In knowledge-based industries where the main asset is skilled professionals such as software engineers, the answer is yes, according to Senior Fellow Joydeep Chatterjee. But not all training yields equal benefits.…Read More
How individuals shape the capabilities of firms: Evidence from corporate acquisitions and entrepreneurial spawning
Acquisitions are an attractive means of exploration (sourcing innovation and new technologies externally) as well as exploitation (capturing economic value from existing resources through economies of scale); they shape the capabilities of firms and critically impact the longevity of firms and their competitive advantage.…Read More