Human Asset Strategy: Business Risk Management & Complex Consequence Analysis

March 14, 2017 Joanne Flynn

Today, the new catch phrase to describe an organization’s people / employees is human capital. Over the years, the terms we use to describe the people in our organizations range from employees to human resources to talent to human capital. While the terms we use have become more descriptive and trendy, has anything behind those terms really changed over the years? Or underneath it all, do the structures, processes and mindset about employees still reflect an old ‘head count’ mentality?

While our latest terminology, human capital, begins to elevate the topic of employees, I have suggested that we go all the way and use the term human assets, to align with the statement saying, “that people are our most important asset”. If we truly embrace that concept, we must turn our human resource structures upside down and think about people the same way we do the other assets of the organization. Unless we embark on the Human Asset Management journey, the terms we use are empty.

In earlier blogs, I have talked about Human Asset Management regarding the following topics:

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