The Human Equation

 

The Human Equation 
Author Jeffrey Pfeffer
Title The Human Equation
Subtitle Building Profits by Putting People First
Category Management
           
ISBN/ EAN
0875848419 / 978-0875848419  
Publisher Harvard Business Review Press
Country USA
Published 30-Jan-1998
No of Pages 368


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Summary

Why is common sense so uncommon when it comes to managing people? How is it that so many seemingly intelligent organisations implement harmful management practices and ideas? In The Human Equation, Pfeffer constructs an interesting and useful model for generating and sustaining workforce performance which not only results in good corporate policy, but also in outstanding performance and profits.

Challenging current thinking and practice, Pfeffer reveals the costs of downsizing and provides alternatives. He identifies troubling trends in compensation, and suggests better practices, explaining why even the smartest managers sometimes manage people unwisely. Furthermore, Pfeffer demonstrates how market-based forces can fail to create good people management practices, creating a need for positive public policy. He provides practical guidelines for implementing high-performance management practices. In the book, Pfeffer unveils his "high performance work system" model, which includes seven key factors.

What is interesting in his analysis was seeing that long-term company success was not correlated to technology or industry.

In the end, The Human Equation is a worthwhile read. After all, you may not agree with what Jeffrey Pfeffer believes, but whoever said one book would fit all human equations?

Contributed by: Olympia Fantis