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Why Employees Are NOT Your Most Important Asset

They’re not an asset at all.

Douglas C. Wood
Wed, 08/04/2010 - 16:22
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Almost all companies have a sign on a wall stating something similar to “Our employees are our most important asset.” The wording may be slightly altered, and “asset”’ may be replaced with “resource,” but usually there is such a sign posted somewhere on the premises. Regardless of the exact wording, the intent is the same: the organization is trying to say that it values its employees and the sign is a visible indicator of that value or belief.

As well intentioned as this statement is, problems can result from it. My objections don’t include accidental or planned duplicity on the part of the employer. I understand that employees may often feel that these signs only pay lip service to the belief and that their employer really doesn’t care about them. If this lip service is happening, it’s a significant problem and can create deep misgivings in the employees, which may lead to less-than-optimal behaviors. Any employer who thinks this is happening at their company would be prudent to address this issue by taking down the sign and working on employer-employee relationships. But let’s set this situation aside. It’s not the kind of fundamental problem to which I am referring.

The core issue centers on the meaning of the statement’s content. It places employees in a class with assets. Simply put, assets and people (let’s refer to the employees as people) are quite different on several levels.

 …

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Comments

Submitted by pillecw on Fri, 08/06/2010 - 09:39

Call us people? What a concept!

I've long believed that employers were trying to tell us something when they changed the "Personnel" department to "Human Resources". Next thing you know they'll refer to us as "liveware". I understand that at Southwest Airlines, they actually call it the "People" department and actually treat employees like people. I think it's working out pretty well for them.

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Submitted by hoangkv on Fri, 08/06/2010 - 10:28

The article sounds like a

The article sounds like a response to "Ten Simple Principles for Treating Employees as Assets" (Kenneth C. Levine and Peter J. Sherman).

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Submitted by ahoryza on Thu, 08/12/2010 - 10:29

People as "Assets"

An asset is something that is used to provide some kind of "value" to a business. When the business determines that the expected "value" is not being provided the "asset" is then "disposed" of. Thus calling people "assets" or even "resources" implies that they are disposable.

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