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MANAGEMENT OF HUMAN ASSETS AT INFOSYS
Member rating: No Rating | Words: | Submitted: Wed Nov 01 2006
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1 MANAGEMENT OF HUMAN ASSETS AT INFOSYS* "Our assets walk out of the door each evening. We have to make sure that they come back the next morning." (Narayana Murthy, CEO Infosys). At a time w hen organizations are debating the strategic importance of their human resources, Infosys, a consulting and software services organization, includes its human resources on its Balance Sheet to affirm their asset value1. Mr. Mohandas Pai, the Chief Financial Officer of Infosys, provides a rationale for this practice: "Investors examine financial and non-financial parameters that determine long-term success of a company. These new non-financial parameters challenge the usefulness of evaluating companies solely on traditional measures as they appear in a typical financial report. Human resources represent the collective expertise, innovation, leadership, entrepreneurial and managerial skills endowed in the employees of an organization. Our representation is based on the belief that intangible assets provide a tool to our investors for evaluating market-worthiness of Infosys." As a know ledge-intensive company, Infosys recognizes the...
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