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Managing people, human capital and culture - Human Resource Management (HRM) is critical for business success. HRM Guide publishes articles and news releases about HR surveys, employment law, human resource research, HR books and careers that bridge the gap between theory and practice.

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PHR/SPHR

PHR/SPHR: Professional in Human Resources Certification Study Guide

by Sandra M Reed and Anne M. Bogardus
The Professional in Human Resources (PHR) and Senior Professional in Human Resources (SPHR) exams from the Human Resources Certification Institute (HRCI) reflect the evolving industry standards for determining competence in the field of HR. Serving as an ideal resource for HR professionals who are seeking to validate their skills and knowledge.
This new edition is must-have preparation for those looking to take the PHR or SPHR certification exams in order to strengthen their resume.
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PHR Study Guide 2017

PHR Study Guide 2017: PHR Certification Test Prep and Practice Questions for the Professional in Human Resources Exam

Think all PHRŪ/SPHRŪ study guides are the same? Think again! With easy to understand lessons and practice test questions designed to maximize your score, you'll be ready.
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The Future of Human Resource Management

The Future of Human Resource Management: 64 Thought Leaders Explore the Critical HR Issues of Today and Tomorrow

Edited by Mike Losey, Dave Ulrich, Sue Meisinger
  The follow-up to the bestselling Tomorrow's HR Management, this book presents an international panel of expert contributors who offer their views on the state of HR and what to expect in the future. Topics covered include HR as a decision science, understanding and managing people, creating and adapting organizational culture, the effects of globalization, collaborative ventures, and investing in the next generation. Like its bestselling predecessor before it, The Future of Human Resource Management offers the very best thinking on the future of HR from the most respected leaders in the field.
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Learning pays

June 5 2005 - Education and experience have increasing value in the knowledge-based economy. Workers who continually update their skills are reaping the rewards, leaving behind those who don't, according to the Federal Reserve Bank of Dallas' 2004 annual report essay.

Over a 40-year career span:

  • high school graduates earn an average of $1.5 million, and
  • a bachelor's degree produces $2.6 million, compared to
  • $3 million for a master's
  • $4 million for a doctorate
  • $5.3 million for a professional degree

In "What D'Ya Know? Lifetime Learning in Pursuit of the American Dream," Senior Vice President and Chief Economist W. Michael Cox and economics writer Richard Alm argue that workers are pushed toward progressively higher levels of skill because those who meet the economy's expectations are financially rewarded for their efforts. The financial benefits of education and experience also are extending further into life, with 55- to 64-year-olds earning the highest wages.

"The most important tool we have to achieve the American Dream isn't the computer, the Internet or any of the other innovations sure to dazzle us in the future. It is the brain," according to the authors. "Its development through lifetime learning is the key to opportunity, upward mobility and rising living standards."

They argue that formal and informal lifetime learning is fundamental to the nation's overall economic growth.

"The U.S. economy can only create good jobs if it can supply the qualified workers to fill them," Cox and Alm write. The data they present shows the USA lagging behind other countries in educational quality and they point out that school reforms would help fuel the knowledge-based economy.

Cox and Alm stress that ultimately a nation cannot transform knowledge into prosperity without economic freedom: "In turning learning into earning, America's free enterprise system matters as much as education and experience."

The 2004 annual report can be found on the Dallas Fed website

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