Now, more than ever, it is imperative that organizations understand the value of their people.
Overheard in Finance/Accounting team meeting: “The HR department doesn’t understand the numbers.”
Overheard in Human Resources team meeting: “The Finance / Accounting department doesn’t get people.”
Bridging the gap between HR and Finance doesn’t have to be a challenge. From recruiting, to hiring, to training and retaining…. Whether acquiring, building or integrating… your organization is run by people.
How they show up, how they work together, how they feel about what they’re doing – all impacts the performance of the employee, the team, the department, the division and the organization as a whole.
It’s all connected.
Get it wrong, and people disengage, your culture erodes, turnover increases, performance declines and so does the value of the business. Team NEW ROI brings a veritable thought-leader collaborative to help identify the problem areas and develop measurable solutions to improve performance and increase the value of the enterprise.
When you finally recognize that without people, your organization will crumble to the ground, you must read this book!
Ask anyone from the CEO to the shipping clerk about the organization’s most valuable asset, and you’ll get the same answer: “The people!”
In The NEW ROI: Return on Individuals, we delve into placing a more quantifiable value on the human capital asset – the most valuable asset in every organization. Additionally, we explore universal ways to promote even greater workforce value by creating difference makers, increasing employee success, improving happiness, reducing toxic employees, generating innovation, embracing and improving corporate culture, and much more.
- Do you know who your rock star employees are?
- Want to improve employee engagement and morale?
- Do you know the real cost of toxic employees to your bottom line profitability?
- Why do some teams succeed while others fail… even within the same organization?
- What is the impact of human capital in mergers and acquisitions?
- How high is your cost of turnover and what can you do to reduce it?
Author, Dave Bookbinder, along with over 20 collaborators – all highly regarded in their respective fields – cover these topics and answer these questions in an effort to quantify the human capital value. But it goes much deeper than simply trying to place an actual number on employees.
Nothing gets done in any organization without people, and improving the productivity of every employee at every level is the key to boosting profitability, and as you’ll learn, at the same time boosting employee morale. Higher morale generates even greater productivity which, in turn, improves your bottom line. It’s an upward spiral that you’ll want to harness.
From The Author
As someone who’s regularly involved in the valuation of intangible assets, I’m often asked which intangible asset is the most valuable to a company. I’ve always believed that it’s the people.
And as someone who has quantified the value of people throughout my career, I can tell you that it’s usually the other intangibles, like patents or trademarks that mathematically wind up proving to be more valuable assets.
They’re more quantifiable. While there are formulas on how to value people, they don’t tell the whole story.
This book documents my journey to find greater meaning in the context of valuing people and their contribution to the value of an enterprise. Throughout this book, I share the data that I’ve uncovered and the conversations that I’ve had in collaborating with various thought leaders throughout North America.
I hope that the information we cover will broaden your perspective and put an exclamation point to the concept that people are truly the most valuable asset of any business and the key to the value of the enterprise!
Dave Bookbinder is a subject matter expert in valuing business assets. His book seeks to elevate the conversation relative to an often-undervalued asset – people.
In the Shark Tank, valuations seem to be all that matters, but the Sharks all agree that it’s hard to put their money behind an idea that is not driven by a strong leadership team.
Dave realizes that business is human. And he finds himself at the forefront of a growing movement that seeks to identify the tangible economic and human impacts resulting from and accruing to organizations on the basis of their approach to and treatment of people. For example, studies of Servant Leader organizations reveal higher employee engagement rates, better retention and greater productivity – all components of profitability. Leaders long proclaimed that their “people are truly the most important asset of the business.” And Dave invites us on a journey to understand the tangible and intangible contributions of human capital assets to the value of an enterprise. In each chapter, he offers us the core components of the DNA of those successful “human ecosystems.” He lays out the case that leaders who invest in their people will be rewarded with an increased valuation of their company, plus raving fans, engaged employees and a commitment to do well by doing good.
As Dave says in his book, “Great difference makers shift from seeing themselves as workers with an assignment to crank out, to seeing themselves as people with a difference to make.” This book establishes Dave Bookbinder as a distinctively different advocate in the debate around The NEW ROI, Return on Individuals.
Years ago I served on the leadership team of a firm that engaged an executive coach to take us to the next level. The coach had us focus on many of the same concepts outlined in Bookbinder’s book. We immediately realized the true value of our people and firm culture, and made it a priority. The results were simply amazing! The firm experienced a total shift in culture, recruited and kept more rock stars and purple squirrels, gained greater market share, increased revenues and profits, quadrupled in size in 5 years, and was named one of the Best Places to Work. When you support and value your people and create a people-centric culture, all areas of the business are positively impacted. The smartest decision a company can make is to embrace the concepts outlined in The NEW ROI: Return on Individuals and make the suggested shifts that will surely lead to improved business results. If you’re a leader, manager, business owner or employee who wants to see your company jump to the next level, this is a MUST READ.