HBS Managing the Future of Work
Wharton’s Peter Cappelli on changing the talent equation
May 1, 2024
Wharton Professor, Peter Cappelli, discusses the consequences of treating employees as an expense rather than an asset in this podcast. He explores the impact of management changes on aligning incentives, C-suite demographics, and the effects of AI in the workforce.
42:38
Episode guests
AI Summary
Highlights
AI Chapters
Episode notes
Podcast summary created with Snipd AI
Quick takeaways
- Treating employees as an expense hinders investments in skilled workforce, leading to long-term inefficiency.
- Outdated financial accounting practices limit investments in human capital, hindering effective management of resources.
Deep dives
Employers' Lack of Investment in Workers
Employers tend to underinvest in their employees despite the benefits of reducing turnover and gaining a return on investment. This lack of investment is driven by short-term financial considerations stemming from outdated financial accounting practices. Factors such as cost-cutting and recruitment challenges have contributed to companies relying more on the spot market for labor. Executive decisions and HR strategies focusing on short-term gains have led to a narrow decision-making scope, limiting investments in human capital.
Remember Everything You Learn from Podcasts
Save insights instantly, chat with episodes, and build lasting knowledge - all powered by AI.
