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Economic Analysis for HR Professionals

June 20, 2022

Via: SHRM

Perhaps more than anything else, the University of Chicago is known for proposing and studying economic theories, such as the so-called Chicago school of economics. When I attended law school there, I received an immersion into economic theory. I had been an English major before starting law school; studying there was like learning how to swim by being thrown into the deep end without water wings or nose plugs.

Yet years later as an employment law attorney and then as an HR coach and consultant, I came to appreciate the value of using basic principles of economic analysis to help HR step up its game.

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