Article2008

Toward a Human Capital Measurement Methodology

32 citations0/0 files storedAdvances in Developing Human Resources

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Human Resource Development and Performance Evaluation Human Resource and Talent Management Intellectual Capital and Performance Analysis

Abstract

The problem and the solution. Measuring the impact of human capital and investments made in it has been an ongoing challenge for the field of human resource development (HRD).This study reports on an intensively researched, rigorous measurement methodologies designed to address this challenge.This article presents the process by which the methodology was developed, from foundational economic logic to analysis and validation.The resulting Human Capital Capability Scorecard approach allows organizations to comprehensively measure 69 different human capital items and link them to organizational performance.The implications for HRD theory building and related public policy issues are also discussed.

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References

2019American Economic Review 1994Putting the Service-Profit Chain to Work 2001The HR Scorecard: Linking People, Strategy, and Performance 1999First, Break All the Rules: What the World's Greatest Managers Do Differently 1996Human-Capital Investments and Productivity 1994Productivity Gains from the Implementation of Employee Training Programs 2015A random walk down Wall Street: the time-tested strategy for successful investing 1993Are Training Subsidies for Firms Effective? The Michigan Experience

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