Methods of Human Capital Measurement

No organization is more valuable than its employees. It is the people, their knowledge, expertise, experience, business relationships that constitute for the most valuable asset of any organization. They ensure its existence, development and competitive advantage. Thus, the question of how to measure this value arises. What in particular and in what way should be measured in order to determine a real value of an organization. Proper value management allows for the correct measurement, provides an opportunity to monitor the tendencies and trends, and also to compare the organizations. The aim of this paper is to present methods of intellectual capital measurement and to investigate the substance of the matter. The paper presents and compares, different methods of intellectual capital measurement used globally. It specifies the advantages and disadvantages of particular methods with reference to its practical application. The analysis allowed for the classification of the selected methods and the establishment of the most appropriate ones, taking into account the specific characteristics of the organization. The methods have been developed for countries with different specifics of managing a business and apply both to international and local companies.