Customer Reviews

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

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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.

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"