White Paper
Managing Human Capital as an Asset vs. an Expense
This white paper by e2p and Malk Partners urges private equity to treat human capital as an asset, not an expense. It argues that investing in workforce well-being, safety, and development improves retention, productivity, and ROI—sometimes by up to 50%. Weak practices risk turnover, litigation, and regulatory fines. e2p proposes a four-phase Human Capital Maturity Model and shares a case study from Ya YA Foods, which lowered turnover through compensation analysis, onboarding upgrades, and employee engagement. The paper calls for a mindset shift across PE and portfolio firms to drive sustainable, people-first value creation.