Prahalad and Hamel (1990)are of the view that general managerial epithet, "people are our greatest asset''is a tired cliche. how true is this
Answers
The employee would really be valued (as the most important asset) if the employer spent money on them above the market norm unconditionally. Giving somebody a bonus/time/benefit for who they are (a great person) rather than specifically for what they have done, shows how they are really valued. Plus the monetary worth expended for the motivational impact is hugely disproportionate. For example; somebody who has used all their holiday entitlement and is on a tight budget, has a significant personal problem for which they would ordinarily take time from their vacation allowance and they can’t afford unpaid leave. Their line-manager sees this dilemma and helps out with some additional paid time off. The manager subverts the system for the benefit of the employee. There is all kind of risks: precedents being created, people taking advantage, others piling in with requests etc. All those risks are worthwhile, because the demonstration of some humanity towards this employee and their problem will create a deeper permanent level of engagement. T
Prahalad and Hamel (1990) are of the view that general managerial epithet, "people are our greatest asset'' is a tired cliche.
This statement is absolutely true and it was said keeping in mind the market value judgement of a man.
If a man's effort is taken in monetary terms then the world would be a worse place.