Here is the synopsis of our sample research paper on The Intrinsic Value of Human Capital. Have the paper e-mailed to you 24/7/365.
Essay / Research Paper Abstract
This 7 page paper looks at intrinsic value of the management and employees within a company and how to judge their value of people in the workplace. The paper examines the reasons why this may be important, how traditional accounting fails to account for this value and considers some of the approaches that have been adopted from simple staged measures to more complex metrics assessing their effectives. The bibliography cites 6 sources.
Page Count:
7 pages (~225 words per page)
File: TS14_TEhumcapital.rtf
Buy This Term Paper »
Unformatted sample text from the term paper:
managers, that work for within it. The intrinsic value of the human in the workplace is difficult to define as well as value. One of the first to tackle this
was Archibald Bowman who in an article in May 1938 in the Journal of Accountancy stated; "....investments have been valued at the sale price of the day, And the
auditors certificate shows everything O.K.; One asset is omitted - and its worth I want to know, The asset is the value of the men who run the show"
A good firm can still fail if it has poor management and many failing firms have been saved by good management. However the value
is not limited to the management, there are also many firms where there is a competitive advantage that is based in the employees and their knowledge, labour or skills rather
than the physical assets. Therefore this intrinsic value may also be referred to as human capital. The concept of this intrinsic value;
value being added to a company in excess of the physical resources is not new. We can argue that this started with the idea of human capital. Even motivation theories
from people such as Taylor and Mayo and the way they thought the best value may be obtained from human labour to the more economic models used to describe and
illustrate the way in which the value of that labour can be enhanced. Management input can be seen as an extension form this, and the workshop floor labour will usually
be managed in order to maximise, therefore good management will also increase the value of the staff. When we look at the
...