Abstract
Despite Government and academic interest in valuing human resources, there has been relatively little progress in reflecting the value of human resources in UK organisations. This research uses a survey questionnaire to identify perceptions and practices in the area of valuing human resources in three types of UK organisations; traditional companies, knowledge intensive companies and local authorities. The survey focuses on the importance of valuing human resources, current measurement practices, key barriers to the valuation of human resources and the progress expected in this field in the short and medium term in UK organisations. Although the majority of respondents identified that the measurement/valuation of human resources was important to their organisation, only little or moderate progress in recognizing the worth of human resources in financial statements was expected. The main reasons for this were identified to be lack of understanding and support of the area by others in the organisation, particularly senior management, lack of resources, uncertainty as to what information should be reported and lack of precision and reliability in current human resource measures. More research is now needed, both on conceptual models for valuing human resources within organisations and empirical research focusing on issues such as gaining commitment to valuing of human resources by senior management, the development of systems of valuing human resources, how systems to value employees, when developed, are implemented in organisations and the consequences, both intended and unintended of how the systems operate in practice.
| Original language | English |
|---|---|
| Article number | 4 |
| Pages (from-to) | 102-123 |
| Number of pages | 21 |
| Journal | journal of human resource costing and accounting |
| Volume | 12 |
| Issue number | 2 |
| DOIs | |
| Publication status | Published - 2009 |