Human Capital: What It Is and Why People Invest It

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9780470436813: Human Capital: What It Is and Why People Invest It
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No longer mere company "assets," today's in-demand workers have become free agents who can and do invest their ability, behavior, and energy-their human capital-in the companies of their choice. And the companies they choose, the companies that will win in the marketplace, will be the ones that know how to create and deliver the best return on that investment. In this book, author Thomas O. Davenport explores the dynamics of this emerging workplace phenomenon and describes specific strategies that companies and workers can use to build mutually beneficial relationships in the new knowledge economy.

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Many companies say that their employees are their most importantassets. Few do justice to the idea; fewer still understand that theworker-as-asset metaphor is outdated and misguided. Shifting labormarkets have taught managers this lesson: as workers gain power innegotiating the terms of employment, they behave less like assets,and more like free-agent owners of investable capital. Theircapital is the ability, behavior, effort, and time they contributeto a company. Like players in any market, they expect a healthyreturn on their investment.

In Human Capital, author Thomas O. Davenport exploresthis worker-as-investor notion, describing what it means to bothemployer and employee. He explains how companies who treat workersas investors can attract, develop, and retain people who get somuch value from the organization—and give so much back inreturn—that they create a competitive advantage. Davenportdescribes the practices of companies that recognize the importanceof human capital and know how to build it and direct it to areascritical for marketplace success. Drawing from research andpersonal experience, he provides guidance for managers who mustimplement successful human capital programs. And individualemployees who read the book will come away with ideas for gettingthe most out of work by cultivating their human capital andmaximizing the return on its investment.

The race for human capital has already begun. Companies who wantto win must craft and deliver a return-on-investment array thatattracts the most talented, creative, motivated workers in themarket. Human Capital can help executives and managers buildorganizations worthy of investment by people whose human capitalmeans the difference between success and failure in a competitiveworld.

About the Author:

THOMAS O. DAVENPORT is a principal with Towers-Perrin, an international strategy, organization, and human resources consulting firm. Formerly, he was responsible for operations management at JAMS/Endispute, one of the nation's largest mediation and arbitration companies. He lives in San Francisco.

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9780787940157: Human Capital: What It Is and Why People Invest It (Jossey Bass Business & Management Series)

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ISBN 10:  0787940151 ISBN 13:  9780787940157
Publisher: Jossey-Bass, 1999
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Book Description John Wiley and Sons Ltd, United Kingdom, 2008. Paperback. Condition: New. Language: English. Brand new Book. No longer mere company "assets," today's in-demand workers have become free agents who can and do invest their ability, behavior, and energy-their human capital-in the companies of their choice. And the companies they choose, the companies that will win in the marketplace, will be the ones that know how to create and deliver the best return on that investment. In this book, author Thomas O. Davenport explores the dynamics of this emerging workplace phenomenon and describes specific strategies that companies and workers can use to build mutually beneficial relationships in the new knowledge economy. Seller Inventory # LIE9780470436813

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Book Description Jossey-Bass. Paperback. Condition: New. 272 pages. Dimensions: 9.1in. x 6.1in. x 0.8in.No longer mere company assets, todays in-demand workers have become free agents who can and do invest their ability, behavior, and energy-their human capital-in the companies of their choice. And the companies they choose, the companies that will win in the marketplace, will be the ones that know how to create and deliver the best return on that investment. In this book, author Thomas O. Davenport explores the dynamics of this emerging workplace phenomenon and describes specific strategies that companies and workers can use to build mutually beneficial relationships in the new knowledge economy. This item ships from multiple locations. Your book may arrive from Roseburg,OR, La Vergne,TN. Paperback. Seller Inventory # 9780470436813

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