Human Potential Accounting Partners
Our partners are part of Human Potential Accounting's lifeblood. At present we are partnered with McBassi and People Resolutions Group, two specialist consultancies that have successfully penetrated their markets for some time. Their integrity and professionalism has been tested by HPA at first hand and their founders are personally well known to us. We welcome Laurie Bassi (McBassi & Co) and Linda Hoskinson (PRG Group Ltd) as our first Partners.
McBassi and Company
A continuing component of HPA's auditing tools is the value creation model from McBassi and Company: www.mcbassi.com.
Laurie Bassi, for many years Professor of Economics at Georgetown University, is the founder and current CEO of McBassi and Company. She is also Chair of the Board at Bassi Investments Inc.
Bassi is an internationally recognised expert on measuring and valuing human and intellectual capital, working with organisations to identify creative ways of better developing and managing their people and using these to predict their measured impact on the bottom line and other financial ratios.
Clients have included 3M, Accenture, American Bankers Association, Standard Chartered Bank and the World Bank. HPA is proud to have McBassi as a Partner.
People Resolutions Group Ltd
Managing people risk safely and releasing human potential always involves providing individuals with a reliable way of addressing concerns before they escalate.
People Resolutions was created to provide organisations with specialist and proven tools for preventing and constructively resolving people's concerns, potential grievances and complaints. These can typically cost UK organisations excessively, not to mention the effect on working relationships, customer-facing skills and motivation. For example, 189,348 tribunal claims were received last year, with multiple claims increasing. 44% of people experiencing problems leave their employers as a result (DTI).
Linda Hoskinson is PRG's MD with 10 years HR management experience with multinational ICI, 10 years as a Director of an international provider of employee assistance programmes and 10 years as a Director of People Resolutions Group.
Clients have included the Crown Prosecutions Service, the Royal Bank of Scotland, the Office of Fair Trading, Britannia Building Society, the Foreign & Commonwealth Office, AstraZeneca, Surrey County Council, and the BBC.
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People know intuitively that the way employees are managed and supported has a significant impact on the bottom line. Numerous measures have been devised, (ROI, employee surveys, balanced scorecards) connecting HRM practices with financial results. |
Human Potential Accounting (HPA) favours an alternative approach which starts with a set of good business results and works backwards to the HRM practices which made them possible.
HPA complements this approach to measuring value creation with its own emphasis on behavioural risk analysis, the other side of the asset coin.
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Measures of value creation attributed to people have thus far proved challenging for HR leaders, measures of behavioural risk on the other hand are comparatively straight forward. The HPA behavioural risk audit identifies a number of ways in which the behaviour of employees poses a risk to |
the business, the cost of which, wittingly or unwittingly is often overlooked even when relevant data is available. HPA helps quantify in monetary terms a range of typical behavioural risks which if attended to could bear immediate fruit and attract the favourable attention of the Finance Director.
In an initial phase, HPA can also coordinate relevant data as the starting point for an effective audit. In the words of one Senior HR Director, “I have a shed full of data scattered in various places throughout the business, but no time to pull it together and make practical use of it."
HPA is continually working on new research. Concept research soon to be released and available to download include:
- The History of Human Capital Management.
Summary of the use and development of Human Capital Management over the last 20 years. Available to download December 2008 - Behavioural Risk Explored and Reviewed.
Offers a summary of the most prevalent and destructive behavioural risks currently threaten today’s organisation. Available to download January 2008. - Book Review of “Understanding psychological contracts at work;
A critical evaluation of theory and research” by Neil Conway and Rob B.Briner
If you would like to see some of the research from HPA and it partners click here.
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In losses borne by companies the front runner in behavioural risk terms is very often sickness absence, especially if we accept that more than 50% of medical problems should probably be considered largely behavioural in nature. |
Although sickness absence is only one outstanding example of behavioural risk, HPA is equipped to source solutions to a range of organisational issues where the psychological or behavioural component of a situation predominates. This could be a procurement challenge, an apparently intractable conflict, or one which calls in the first place for independent investigation. Using the power of crowdsourcing, from 2009 Human Potential Accounting (HPA) will also be able to draw on a strong global network of expertise to help solve such issues.
