OUR STAFF are our most important asset. Many managers have intoned this mantra over the years but plenty of employees have probably thought to themselves that, deep down, executives place a higher value on the machines on the factory floor or cash in the bank.
That impression can only be reinforced when executives refer to the need to maximise “shareholder value”. The implication is that keeping equity investors happy is a company’s main priority. Employees fall into the lesser category of “stakeholders”, along with component suppliers.