The Human Value of the Enterprise: Valuing People as Assets--Monitoring, Measuring, Managing [Hardcover]

Andrew Mayo (Author)

Book Description

ISBN-10: 1857882814 | ISBN-13: 978-1857882810 | Publication Date: October 16, 2001

People are our most important assets is a common saying in organisations-but can you prove it? This ground-breaking book sets out to help you answer that question. We have already moved into a completely new era, where the intellectual capital of organisations is far more important than the traditional sums in the balance sheet. It is value that matters. And it is only people who deliver and create value for the stakeholders of any organisation, private or public.The problem is that despite this knowledge we still live in an accountancy world which looks back to the last century for its definitions of assets, liabilities and capital. And what we can't measure, we can't manage.In The Human Value of the Enterprise Andrew Mayo confronts the challenge to today's managers-finding a way to measure (and account for) a business's most crucial resource, its human value. He proposes sound quantitative ways for measuring and tracking three fundamental areas: the intrinsic value of people as individuals, their contribution to both financial and non-financial added value, and the environment in which they make that contribution. Measures need to be integrated fully into the organisation's performance monitoring system.The Human Value of the Enterprise will help you select those measures that are strategically important, using the principle of cause and effect chains. It is full of practical examples and tools, and shows how value-based thinking is transferred into human resource processes and systems, learning and knowledge management, and mergers and acquisitions.

Editorial Reviews

Review

"A first-rate book. Highly recommended." -- Stern's Management Review

"Invaluable...rigorous argument and evidence to get human resource issues to the top of the Board agenda." -- Philip Sadler, vice-president, Ashridge Management College

To narrow the gap between human value and the balance sheet, Mayo is to be applauded for his achievement. -- The Financial Times, Dec. 5, 2001

“A most impressive overview on the human value metrics... focusing on clarifying people as sustainable value creators, not costs.” -- Leif Edvinsson, the first-ever Director of Intellectual Capital at Skandia Assurance in Sweden, and Professor of Intellectual Capital at the University of Lund

From the Publisher

Following the groundbreaking path forged by the best-selling book The Balanced Scorecard, Andrew Mayo delivers the practical tools that finally join together strategy, human performance, and sound quantitative methods to measure a business's most critical resource: its human value. Focusing on three key areas--the intrinsic value of people as individuals, their contribution to financial and non-financial added value, and the environment in which they make that contribution--the author demonstrates how to apply value-based thinking to processes and systems, learning and knowledge management, and mergers and acquisitions.

See all Editorial Reviews

Product Details

• Hardcover: 256 pages
• Publisher: Nicholas Brealey Publishing (October 16, 2001)
• Language: English
• ISBN-10: 1857882814
• ISBN-13: 978-1857882810
• Product Dimensions: 9.4 x 6.4 x 1.2 inches
• Shipping Weight: 1.3 pounds
• Average Customer Review: 4.5 out of 5 stars  See all reviews (2 customer reviews)
• Amazon Best Sellers Rank: #1,216,004 in Books (See Top 100 in Books)

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Customer Reviews

Most Helpful Customer Reviews

2 of 2 people found the following review helpful:

5.0 out of 5 stars Packed with Knowledge!, June 17, 2002

By 

Rolf Dobelli "getAbstract" (Switzerland) - See all my reviews
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This review is from: The Human Value of the Enterprise: Valuing People as Assets--Monitoring, Measuring, Managing (Hardcover)

In The Human Value of Enterprise, Andrew Mayo proposes a quantitative methodology that attempts to bring the rigors of financial accounting to human resources management. Mayo sets forth a series of formulas designed to reveal how much each individual is contributing to the overall value that any company creates for its stakeholders. Of course, these formulas are limited by the subjective process through which managers assign values to the activities and results of their employees. That said, the procedures that Mayo outlines can be used as the foundation for a fairly rigorous system of human resource cost accounting that we from getAbstract recommend to all professionals in the field.

4.0 out of 5 stars Good overview of many HR tools and techniques, December 30, 2011

By 

Epictetus (Hong Kong) (Hong Kong) - See all my reviews

This review is from: The Human Value of the Enterprise: Valuing People as Assets--Monitoring, Measuring, Managing (Hardcover)

I am no subject matter expert for what this book covers, which is HR management / personnel management / people management. However, in my job I often need to work closely with Heads of HR and CEOs. This book sets out clearly and consistently and without too much padding and puff many key concepts used in this area, which means I can contribute more to my clients. I recommend it highly for this purpose. I do wish the author would get a move on and make it available on Kindle -- he is a professor at London Business School, an institution which charges hefty fees for telling managers about how important technology is and how we must all adopt it, and then dinosaurs like this fellow flatly refuse to practice what their institution preaches.

"EPICTETUS"