THINK-TANK BACKS INVESTMENT IN EMPLOYEES

A European think-tank wants the European Commission to help investors realise that firms which look after their workers are worth more. The commission should create the means for `investment in human resources’ to be reflected in stock market valuations, according to an expert group on the information society set up by the Employment and Social […]

A European think-tank wants the European Commission to help investors realise that firms which look after their workers are worth more.

The commission should create the means for `investment in human resources’ to be reflected in stock market valuations, according to an expert group on the information society set up by the Employment and Social Affairs Directorate.

The recommendation is contained in the group’s report, Building The European Information Society For Us All.

`There is an urgent need for investment in intangible capital such as human resources to be more fully recognised as real capital outlay, reflected in particular in the stock value of firms,’ the report says.

The group calls for a European Learning Agency and Network `to promote and disseminate knowledge on leading edge applications of information and communication technologies’.

It concludes that the public sector should take an active funding role as staff move jobs frequently but need to commit to `lifelong learning’.