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HUMAN CAPITAL PLANNING A REVIEW OF LITERATURE AND IMPLICATION FOR HR DEVELOPMENT

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HUMAN CAPITAL PLANNING A REVIEW OF LITERATURE AND IMPLICATION FOR HR DEVELOPMENT
Human Resource Development
Review
http://hrd.sagepub.com

Integrative Literature Review: Human Capital Planning: A Review of
Literature and Implications for Human Resource Development
Kenneth J. Zula and Thomas J. Chermack
Human Resource Development Review 2007; 6; 245
DOI: 10.1177/1534484307303762
The online version of this article can be found at: http://hrd.sagepub.com/cgi/content/abstract/6/3/245 Published by: http://www.sagepublications.com On behalf of:

Academy of Human Resource Development

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Citations (this article cites 11 articles hosted on the
SAGE Journals Online and HighWire Press platforms): http://hrd.sagepub.com/cgi/content/refs/6/3/245 Downloaded from http://hrd.sagepub.com by ronny walean on May 6, 2008
© 2007 SAGE Publications. All rights reserved. Not for commercial use or unauthorized distribution.

Integrative Literature Reviews

Human Capital Planning: A Review of Literature and Implications for
Human Resource Development
KENNETH J. ZULA
Keystone College
THOMAS J. CHERMACK
Colorado State University
The shift in the U.S. economy from a manufacturing powerhouse to a servicedriven economy has placed a great emphasis on human capital planning within organizations in order to remain competitive in a new global economy. The link between critical business strategy and the successful implementation of strategy has been well documented in the literature. This article examines the literature surrounding human capital, human capital planning, and the implications for human resource development (HRD). The results of the review and synthesis of the literature are provided, and the implications for HRD scholars and practitioners are reported in detail.


Citations: http://hrd.sagepub.com/cgi/content/refs/6/3/245 Downloaded from http://hrd.sagepub.com by ronny walean on May 6, 2008 human capital return on investments (Becker, 1993). In addition, it is important to examine the human capital planning process (Brush & Ruse, 2005), the alignment of human capital to business objectives (Kaplan & Norton, 1992, 1993), the alignment of human resources to business initiatives (Becker, Huselid, & Ulrich, 2001), and the metrics and measurements associated with human capital and the allocation of resources to ensure the alignment with strategic business direction (Brush & Ruse, 2005; Weiss & Finn, 2005). © 2007 Sage Publications Downloaded from http://hrd.sagepub.com by ronny walean on May 6, 2008 According to Huselid and Barnes (2002), “little academic work has been completed regarding human capital management systems capital planning. The concept of human capital planning moves the idea of human expertise as an element of competitive advantage (de Geus, 1989) into the realm of organizational planning. In particular, this approach to planning is in line with Becker, Huselid, and Ulrich’s (2001) Human Resource an exhaustive review of referred and nonreferred publications as outlined by Torraco (2005) Downloaded from http://hrd.sagepub.com by ronny walean on May 6, 2008 © 2007 SAGE Publications
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