ABSTRACT
This chapter explores the financial good dividend from a workforce perspective: the view that an organisation’s approach to recruiting, training, retaining and motivating its employees represents a critical determinant of its ability to create and maintain value for investors seems uncontroversial. It provides an alternative framing of financial reporting that draws on the assumption that moral capitalism is the underlying business assumption. The financial dividend derives from deploying corporate assets productively. Financial management and financial reporting have traditionally focused on fixed assets. Prior to the early 1960s the prevailing view among economists and managers was that the benefits of on-the-job training and investment in human capital more generally accrue primarily to individual employees because they are mobile and can always leave for a higher-paying position at another company. Corporate disclosure on workforce policies and spending provides an interesting lens through which to understand the value organisations assign to the human resourcefulness dividend.
