Get 20M+ Full-Text Papers For Less Than $1.50/day. Start a 14-Day Trial for You or Your Team.

Learn More →

The role of employee development in the growth of intellectual capital

The role of employee development in the growth of intellectual capital The focus on costs that characterised organisations in the 1980s and early 1990s is now being replaced by an interest in the concept of value. In assessing value, it is the “intangible assets” of an organisation that are likely to be worth considerably more than the measured tangible ones. Traditional accounting systems find themselves challenged as a result. These intangible assets need to be understood and identified. People form a very critical part of them, and indeed the “human capital” can be logically argued to be the ultimate driver of all value growth. The contribution of human capital to current and future value for stakeholders is examined. The key conditions for such growth are suggested as individual capability, individual motivation, leadership, the organisational climate, and workgroup effectiveness. Each of these is examined in some detail together with options for quantifiable measures. Employee development, including the continuing generation and exchange of knowledge and experience, is concluded to be the key driver of value growth in any kind of organisation. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Personnel Review Emerald Publishing

The role of employee development in the growth of intellectual capital

Andrew Mayo
Personnel Review , Volume 29 (4): 13 – Aug 1, 2000
Download PDF
13 pages

Loading next page...
 
/lp/emerald-publishing/the-role-of-employee-development-in-the-growth-of-intellectual-capital-9KtanzTPcq

References (5)

Publisher
Emerald Publishing
Copyright
Copyright © 2000 MCB UP Ltd. All rights reserved.
ISSN
0048-3486
DOI
10.1108/00483480010296311
Publisher site
See Article on Publisher Site

Abstract

The focus on costs that characterised organisations in the 1980s and early 1990s is now being replaced by an interest in the concept of value. In assessing value, it is the “intangible assets” of an organisation that are likely to be worth considerably more than the measured tangible ones. Traditional accounting systems find themselves challenged as a result. These intangible assets need to be understood and identified. People form a very critical part of them, and indeed the “human capital” can be logically argued to be the ultimate driver of all value growth. The contribution of human capital to current and future value for stakeholders is examined. The key conditions for such growth are suggested as individual capability, individual motivation, leadership, the organisational climate, and workgroup effectiveness. Each of these is examined in some detail together with options for quantifiable measures. Employee development, including the continuing generation and exchange of knowledge and experience, is concluded to be the key driver of value growth in any kind of organisation.

Journal

Personnel Review – Emerald Publishing

Published: Aug 1, 2000

Keywords: Intellectual capital; Human capital theory; Value; Employee development; Intangible assets; Measurement

There are no references for this article.