The Rise

By Sarah Lewis

“Once we reach a certain height we see how a rise often starts on a seemingly outworn foundation. The gift of failure is a riddle. Like the number zero, it will always be both the void and the start of infinite possibility. The arc is one for which there are few perfect words.”

Maya Angelou

… We may encounter many defeats, but we must not be defeated. That sounds goody two-shoes, I know, but I believe that a diamond is the result of extreme pressure and time. Less time is crystal. Less than that is coal. Less than that is fossilized leaves. Less than that is just plain dirt. In all my work, in the movies I write, the lyrics, the poetry the prose, the essays, I am saying that we may encounter many defeats – maybe it’s imperative that we encounter the defeats – but we are much stronger than we appear to be and maybe much better than we allow ourselves to be.”

The Black Swan

by Nassim Nicholas Taleb

“Snub your destiny. I have taught myself to resist running to keep on schedule… I have felt the true value of elegance and aesthetics in behavior, a sense of being in control of my time, my schedule, and my life… You stand above the rat race and the pecking order, not outside of it, if you do so by choice.”

So you have an idea…

1. Demand
- How many people want what you’re creating?

2. Expertise
- Do you have any expertise in the area you’re thinking about?

3. Resources
- Do you have what you need in order to turn your idea into a reality?

4. Profit
- How will you make money?

5. Distribution
- How are you going to distribute your products?

6. Proprietary Advantage
- Do you have control over your idea?

Sir Matthew Webster Jenkinson

Though your balance sheet’s a model of
What balance sheets should be,
Typed and ruled with great precision
in a type that all can see;
Though the grouping of the assets is
commendable and clear,
And the details which are given more
than usually appear;
Though investments have been valued
at the sale price of the day,
And the auditor’s certificate shows
everything O.K.;
One asset is omitted – and it’s worth
I want to know,
The asset is the value of the men who
run the show.

The Role of Human Resources Accounting in Corporate Sector: An Indian Perspective by Nageswara Rao

Human resources accounting system consists of two aspects namely:
1. The investment made in human resources
2. The value human resource

Factors affecting Human Resource Accounting:

Tangible
- Physical
- Financial

Intangible
- Positive
- Negative

Significant Items in HR Accounting
- Cost per Employee
- Human Capital Investment Ratio (HCI)
- The amount of wealth created by each employee
- The profit created by each employee
- The ratio of salary paid to the total revenue generated
- Average salary of each employee
- Employee absenteeism rates
- Employee turnover rate and retention rate

Help organization in decision making in the following areas:
- Direct Recruitment vs promotion
- Transfer vs retention
- Retrenchment vs retention
- Impact on budgetary controls and organizational behavior
- Decision on reallocation of resources

Cost based approaches
1. Historical Cost
2. Replacement Cost
3. Opportunity Cost
4. Standard Cost

Monetary Value based approaches
1. Lev and Schwartz Model
2. The Eric Flamholtz Model
3. Morse Model

Non-Monetary Value-based approaches
1. Likert Model
2. The Flamholtz Model
3. Ogan MOdel

Reading List
1. Eric G. Flamholtz. “Human Resources Accounting: Advances in concepts, methods & applications”

Human Resources Key Performance Indicators by Gabcanova Iveta

Abstract:
The aim of the paper is to show the possibilities of using the modern Balanced Scorecard Method

Intro –
Ulrich and Brockbank (2005)
Strategic view: Scorecard has to tell the story of company’s strategy.

Kaplan and Northon (1996)
Financial | Return of Capital Employed
————————————–
^
|
Customer | Customer Loyalty
^
|
On-time Delivery
—————————————————————-
Internal/Business Process | Process Quality + Process Cycle Time
—————————————————————-
^ ^
| |
Learning and growth Employee Skills

Griffin (2004)
KPIs to goals from goals to objectives and from objectives to strategies.

Eckerson (2007)
Sparse: The fewer KPIs the better
Drillable: Users can drill into detail
Simple: Users understand the KPI
Actionable: Users know how to affect outcomes
Owned: KPIs have and owner
Referenced: Users can view origins and context
Correlated: KPIs drive desired outcomes
Balanced: KPIs consist of both financial and non-financial metrics
Aligned: KPIs don’t undermine each other
Validated: Workers can’t circumvent the KPIs

Hursman (2010)
Specific
Measurable
Attainable
Relevant
Time bound

Determine your company goals, identify metrics to grade progress against those goals. 4-10 measures.

HR Strategy Map
Goals of the organization –
1. Preferred Employer i.e. be the employer of the 1st choice
2. Cost Optimization
3. Profitability increase
4. Customer Interaction

Reading List
1. Metrics Pave the path to world class. Anderson K
2. The Power of Metrics. Bauer, K
3. Navigating the road to KPI success. Bean, C. & Geraghty
4. Performance Management Strategies. Eckerson W.w.
5. Developing Strategic KPIs for your BPM System. DM Review
6. The ROI of human capital: measuring the economic value of employee performance. Fitz-Enz
7. The Balanced Scorecard. Kaplan, S.R.

Peace with God

When viewed in an inertial reference frame, an object either remains at rest or continues to move at a constant velocity, unless acted upon by an external force.
- Newton’s First Law of Motion -

Inertia ultimately comes back to the beginning.

My current state of inertia  -

Typing –> fingers –> musculoskeleton –> neurons –> central nervous system –> ?? –>??

The universe is ever so infinite and in constant motion. There was a time when the universe was naught; no motion, no inertia – complete vacuum and nothingness.

Out of this nothingness, was a force, the force of creation.

Alpha Omega, God, The Creator. So powerful, so infinite and vast…

God, as people call the ultimate force, exists.

Make Peace Now.