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

"Mayo is to be applauded. Gems of management learning scatter the pages... a lively read, full of examples."

"HR professionals wishing to make an impact on business results... would be well advised to read this book."

"People are our greatest assets" - but can you prove it? This work sets out to help you answer that question. We have already moved into a completely new era. The intellectual capital of organizations is far more important than the traditional balance sheet sums. It is value that matters. And it is only people who deliver and create value for the stakeholders of any organization, private or public. 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. This work should help you select those measures that are strategically important, using the principle of "cause and effect chains". Full of practical examples showing how value-based thinking is transferred into human resource processes and systems, learning and knowledge management, and mergers and acquisitions.

This is a book that tackles the issue of how to value people, and how to link that with what they produce. Building on the importance of intangible assets and intellectual capital, the book takes a business perspective throughout. Not specifically written for HR professional but for all business managers, it nevertheless calls on the HR profession to build a framework of people related measures that line managers can find useful. The book introduces such a framework - called the "Human Capital Monitor"; - which links the intrinsic value of people, with the environment in which they work, and the value they produce.Detailed advice about how to go about measuring these elements is given, and the book also has chapters about maximising value during mergers and acquisitions, and the forthcoming need for public reporting.Practical and easy to read, it nevertheless is a through study of the subject and brings fresh ideas into the as yet largely unexplored area of "managing people as assets"

Andrew Mayo

Andrew Mayo is a consultant, speaker, writer and facilitator in international human resources management, with a specialism in people and organisation development. He worked for nearly thirty years in major international organisations, leaving his last post as Director of Human Resource Development for the ICL Group in October 1995. Previous to this appointment, he was for six years Director of HR for ICL International, covering 60 countries.

He holds degrees in Chemical Engineering and Management Science. His career started with Procter and Gamble, and has included general management, marketing and HR positions in the chemical and high-tech industries.

Andrew is Associate Professor of Human Capital Management at Middlesex Business School where he teaches HR Strategy. He is also a Fellow and Programme Director for in-company programmes at the Centre for Management Development at London Business School, where he has worked since 1996. He is a founder member of Careers Research Forum Ltd. He runs his own consultancy company, MLI Ltd (Mayo Learning International), specialising in organisational strategies for growing human capital and translating the rhetoric of "people are our most important assets" into reality. The company has worked extensively in both private and public sectors.

Andrew is the author of five books - "Managing Careers - Strategies for Organisations" (1991) and (with Elizabeth Lank) "The Power of Learning" (1994), "Creating a Training and Development Strategy" (1998), "The Human Value of the Enterprise – Valuing People as Assets" (2001), and "Return on HR Investment" (2004) – plus many articles.

He can be contacted at andrew.mayo@mayolearning.com