Financial Times FT.com

Companies should not view their staff as a mere resource

By Morgen Witzel

Published: August 2 2005 03:00 | Last updated: August 2 2005 03:00

Found in annual reports and mission statements around the world, "Our people are our most valuable resource" is a well-known business maxim. However, it has also become a devalued currency.

Some companies seem to use the statement without knowing what it means; others pay lip-service while at the same time treating their employees badly when it suits them.

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