The functional area of people management has gone through numerous changes during the course of the past three decades or so. And yet the core equation has still not been achieved:
where P=people, and A= triple A rated asset! So the reality in the majority of companies of varied size, form, structure and nationality is that:
Irrespective of what may be said, or what may be written, people are rarely treated as valuable, triple A rated assets.
Personnel to HR to HC
When I commenced employment in 1972 there were personnel departments whose prime focus was the administration of the workforce. They dealt with all things related to the formal processes of employment: record keeping, administering ...