Addressing the human capital crisis in the Federal Government : a knowledge management perspective

President Bush's number-one management initiative for the federal government is the Strategic Management of Human Capital. According to Knowledgeworkers.com, human capital is the accumulated value of an individual's intellect, knowledge, and experience. In the U.S. federal government, a human capital crisis exists. The factors contributing to a human capital dilemma include a knowledge bleed due to retirement eligibility, changing perspectives on work, and escalating knowledge loss. According to a Joint Hearing on the Federal Human Capital, by 2005, more than half of the 1.8 million non-postal civilian employees will be eligible for early or regular retirement. An even greater percentage of the Senior Executive Service, the government's core managers, will be eligible to leave.All government agencies are required to develop a human capital strategy by 2005. Many of these agencies have scored a "red" (lowest rating) on the Government Scorecard in the way they are approaching their strategic management of human capital. This book is an executive briefing on developing a successful human capital strategy based on lessons learned from analyzing existing strategies at government agencies such as NASA.Using a knowledge management perspective, Liebowitz identifies four pillars of an effective strategy and gives examples of these in practice. * President Bush's number-one management initiative for the federal government is the Strategic Management of Human Capital: The topic of this book* All government agencies are required to develop a plan by 2005--this is the first book to address this need* Provides a simple framework government agencies can use to develop their strategy President Bush's number-one management initiative for the federal government is the Strategic Management of Human Capital. According to Knowledgeworkers.com, human capital is the accumulated value of an individual's intellect, knowledge, and experience. In the U.S. federal government, a human capital crisis exists. The factors contributing to a human capital dilemma include a knowledge bleed due to retirement eligibility, changing perspectives on work, and escalating knowledge loss. According to a Joint Hearing on the Federal Human Capital, by 2005, more than half of the 1.8 million non-postal civilian employees will be eligible for early or regular retirement. An even greater percentage of the Senior Executive Service, the government's core managers, will be eligible to leave. All government agencies are required to develop a human capital strategy by 2005. Many of these agencies have scored a "red" (lowest rating) on the Government Scorecard in the way they are approaching their strategic management of human capital. This book is an executive briefing on developing a successful human capital strategy based on lessons learned from analyzing existing strategies at government agencies such as NASA. Using a knowledge management perspective, Liebowitz identifies four pillars of an effective strategy and gives examples of these in practice. Cover ......Page 1 Copyright......Page 5 Contents......Page 8 Preface......Page 12 1. A Broad View of Human Capital......Page 14 2. The Human Capital Crisis in the Federal Government......Page 28 3. Developing a Human Capital Strategy......Page 44 4. The Four Pillars of Human Capital......Page 58 5. Knowledge Management: The Key Pillar in a Human Capital Strategy......Page 74 6. Pillar Two: Performance Management through a Knowledge Management Lens......Page 90 7. Competency Management: A Necessary Pillar in a Human Capital Strategy......Page 106 8. Change Management: The Forgotten Pillar......Page 118 9. Establishing Strategic Partnerships for Human Capital......Page 130 10. Strategic Management of Human Capital: The Future......Page 140 11. Case Study: An Operational Study of Knowledge Management Activities at the ABC Foundation......Page 152 Index......Page 226 "This book is a briefing that outlines how managers can develop a successful human capital strategy, drawing on lessons learned from analyzing existing strategies at several federal government agencies."--Jacket. An executive briefing on developing a successful human capital strategy in government from a knowledge management perspective