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Our Least Important Asset - Why the Relentless Focus on Finance and Accounting is Bad for Business and Employees (Hardcover)
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Our Least Important Asset - Why the Relentless Focus on Finance and Accounting is Bad for Business and Employees (Hardcover)
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A comprehensive and insightful look at the modern workplace and how
employees are managed, where the new approach is driven by the
quirks of financial accounting to the detriment of employees and
the long-term success of the organization. Real wages have
stagnated or declined for most workers, job insecurity has
increased, and retirement income is uncertain. Hours of work for
white collar employees have increased steadily, opportunities for
advancement have withered, and evidence of the negative effects of
workplace stress on health continues to accumulate. Why have jobs
gotten so much worse? As Peter Cappelli argues, these issues are
not a result of companies trying to be cost effective. They stem
from the logic of financial accounting—the arbiter for
determining whether a company is maximizing shareholder value—and
its fundamental flaws in dealing with human capital. Financial
accounting views employee costs as fixed costs that cannot be
reduced and fails to account for the costs of bad employees and
poor management. The simple goal of today's executives is to drive
down employment costs, even if it raises costs elsewhere. In Our
Least Important Asset, Cappelli argues that the financial
accounting problem explains many puzzling practices in contemporary
management—employers' emphasis on costs per hire over the quality
of hires, the replacement of regular employees with "leased"
workers, the shift to unlimited vacations, and the transition of
hiring responsibilities from professional recruiters to more
expensive line managers. In the process, employers undercut all the
evidence about what works to improve the quality, productivity, and
creativity of workers. Drawing on decades of experience and
research, Cappelli provides a comprehensive and insightful critique
of the modern workplace where the gaps in financial accounting make
things worse for everyone, from employees to investors.
General
Imprint: |
Oxford UniversityPress
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Country of origin: |
United States |
Release date: |
October 2023 |
Authors: |
Peter Cappelli
(George W. Taylor Professor of Management)
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Dimensions: |
235 x 156mm (L x W) |
Format: |
Hardcover
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Pages: |
272 |
ISBN-13: |
978-0-19-762980-2 |
Categories: |
Books
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LSN: |
0-19-762980-6 |
Barcode: |
9780197629802 |
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