Managing human capital will be - and has to be - the overriding challenge of the next decade and beyond. Few of the strategies for managing and measuring tangible assets in financial terms successfully cross over into the management of human capital. A statement of the obvious - people are different. We need new measures that effectively account for this unique type of asset.
HPA came into existence in the belief that a new generation of audit tools exists, and that more can be created, to make the link between people's behaviour and the bottom line more than intuitive, and to carry the existing wealth of HR metrics one step further.
No other asset grows organically in value in the way that people can be helped to grow, while tangible assets are steadily depreciating day by day. No other asset can be damaged as comprehensively as can people, except through sabotage or poor management (which can be the same thing). And no other asset is as volatile or unreliable as people. Company cars aren’t unpleasant to each other, computers don't take duvet days.
We have Talent Management initiatives, Engagement Strategies and the rest as key ingredients in improving the bottom line. We see the link intuitively. HPA audits make this link self evident.
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