Valuation of human capital : quantifying the importance of an assembled workforce

• Main Author: Merriman, Kimberly K.
• Format: Electronic eBook
• Language: English
• Published: Cham : Springer International Publishing, 2017.
• Series: Palgrave pivot.
• Subjects: Human capital.; Business.; Leadership.; Personnel management.; elektronické knihy; electronic books
• ISBN: 9783319589343; 9783319589336
• Physical Description: 1 online resource (104 pages)

This book addresses the gap between the espoused importance of organizational human capital and how it is actually reported and assessed. It also discusses the current and potential uses of human capital measurement and a way for HR to position itself among other business functions such as finance,...

Table of Contents:

• About the Author; List of Figures; List of Tables; Chapter 1 Preface; Abstract ; 1.1 A Closer Look at What This Book Offers; 1.2 Overview of Chapters; Chapter 2 Workers as an Asset vs. Cost; Abstract ; 2.1 Introduction; 2.2 History of Perspectives on Human Capital; 2.3 A Call to Include Human Capital on the Balance Sheet; 2.4 Defining the Term Value; 2.5 Defining the Concepts of Intangible and Tangible Assets; 2.6 External and Internal Uses for Valuation of Human Capital; 2.7 Brief Overview of Approaches to Value; 2.8 Critical Thinking Questions.
• Chapter 3 Cost Approach to ValueAbstract ; 3.1 Introduction; 3.2 Origins of the Cost Approach to Human Capital Value; 3.3 Does Cost Equal Value?; 3.4 Legal Precedent; 3.4.1 Ithaca Industries; 3.4.2 Burlington Railroad and Madonna Hotel; 3.5 Reproduction Vs. Replacement Cost; 3.6 Calculating Replacement Cost New (RCN); 3.6.1 Number of Employees by Type; 3.6.2 Average Market Compensation; 3.6.3 Recruiting and Hiring Costs; 3.6.4 Training Costs; 3.6.5 Entrepreneurial Return; 3.7 Replacement Cost New Less Depreciation (RCNLD); 3.7.1 Physical Deterioration.
• 3.7.2 Functional Obsolescence3.7.3 External Obsolescence; Critical Thinking Questions; Chapter 4 A Closer Look at Cost Approach Assumptions; Abstract ; 4.1 Introduction; 4.2 People Are not Owned; 4.3 Understanding Entrepreneurial Return; 4.3.1 Opportunity Cost to the Developer; 4.3.2 Opportunity Cost of Capital; 4.4 Lost Productivity; 4.5 Refining and Supporting Workforce Assemblage Costs; 4.5.1 Recruitment, Hiring, and Training Costs; 4.5.2 Depreciation and Obsolescence; 4.6 Non-fungible and Short-Term Workers; 4.6.1 Critical Thinking Questions.
• Chapter 5 Income Approach to ValueAbstract ; 5.1 Conceptual Logic of the Income Approach; 5.2 Capitalization of Aggregate Compensation Technique; 5.3 The Lev and Schwartz Model; 5.4 The Flamholtz Stochastic Rewards Valuation Model; 5.5 Capitalized Excess Earnings Method; 5.6 Reconciling the Income and Cost Approach Values; 5.6.1 Critical Thinking Questions; Chapter 6 Market Approach to Value; Abstract ; 6.1 Conceptual Logic of the Market Approach; 6.2 Residual Value Method; 6.3 Comparative Analysis of Incremental Value Differences; 6.4 Sale of Assembled Workforce.
• 6.5 Advantages and Disadvantages of the Market Approach6.5.1 Critical Thinking Questions; Chapter 7 Sustaining Human Capital Value; Abstract ; 7.1 Sustaining the Human "Asset"; 7.2 The Performance-Regeneration Paradox; 7.3 Financial Investment in Ongoing Learning; 7.4 Employee Motivation; 7.5 Human Welfare as a Goal Itself; 7.5.1 Critical Thinking Questions; Chapter 8 Leveraging Human Capital via Organizational Social Capital; Abstract ; 8.1 Defining Organizational Social Capital; 8.2 Distinguishing Organizational Social Capital from Human Capital.