Enhance your assets

I came across this interesting study in Harvard Business Review which shows that companies which invest more in their employee do better in business. The article states that layoff and wage cut is a short term solution for cost cutting. It’s more like a desperate effort to keep oneself afloat. In the long term it is the employees which are the most valuable assets for the company. Motivated employees are much more efficient than the 8-hour wage workers. Companies should realize that employees are its assets and not liabilities. Actually these human assets don’t have depreciation as in the fixed assets. As these assets grow the business grows, the company grows. Click here to access the article.