The CII-Bain & Company paper is based on a study conducted with the Planning Commission, Government of India on viewing human resources in an organisation as an ‘appreciating asset’ rather than as a ‘revenue cost’ which can result in better outcomes on key issues of workforce management, employee and union relationships, and skill development, and also improve the long term competitiveness and growth of manufacturing enterprises. This study, through primary interactions with select manufacturing enterprises, identifies human asset strategies and practices that these enterprises have adopted, what factors drive adoption of these practices, and whether these enterprises achieve better outcomes on labour issues and overall competitiveness, while operating in the same regulatory, social and macro-economic environment as others.
A self-evaluation tool for assessing an organization’s human asset management tier is also provided in this document. Based on responses received from the select manufacturing enterprises in the study, this identifies the practices typically prevalent at different tiers on various aspects of human asset management. This paper was released at the CII-Planning Commission Joint Seminar on “Manufacturing – Strategy for Growth: Workforce Engagement and Skills Imperative” held on 14 March, 2013 at New Delhi.