Human Capital: The Story of Human Capital - What it is and Why People Invest it (Jossey Bass Business & Management Series) - Hardcover

"The notion of the employee as investor represents a major paradigm shift from a top-down, care-and-feeding management orientation to one where the employee-investor is an equal partner in the management equation. I find Davenport's perspective to be highly relevant in today's business and workplace environments." (Andy Rich, executive vice president of human resources, Charles Schwab & Co., Inc.) "The new reality of tighter labor markets has fundamentally changed the landscape of employee management. Successful companies are finding that employee knowledge is the key source of competitive advantage. Tom Davenport offers an engaging roadmap for effective management in this challenging new context." (Peter Cappelli, director, Center for Human Resources, Wharton School of Business)

No longer mere company "assets," today's in-demand workers have become free agents who can and do invest their ability, behavior, and energy-their human capital-in the companies of their choice. And the companies they choose, the companies that will win in the marketplace, will be the ones that know how to create and deliver the best return on that investment. In this book, author Thomas O. Davenport explores the dynamics of this emerging workplace phenomenon and describes specific strategies that companies and workers can use to build mutually beneficial relationships in the new knowledge economy.