The Research On The Non-monetary Measurement Of Human Resource Value

In the long history of human development,human resources have always been regarded as a possession of material resources,a few people think much of the value of human resources.But with the advent of the knowledge-based economy,human resources become more and more important in promoting economic development.It has already been a core factor of production. So many academician and enterprise managers find measurement method to assess the value of human resources.There are two ways:one is monetary measurement and the other non-monetary measurement.However,human is a senior that have thinking and feelings,the monetary measurement can not fully and accurately reflect the value of human resources;therefore,we believe that assessing the value of human resources should be mainly non-monetary measures, that could be combined with the process which is from planning to executing enterprise strategy. By this way,enterprises not only enable decompose strategy into specific targets from each group to individual human resources,also establish a long-term and dynamic system of human resources management,that can stimulate human resource potential to create added value for enterprises.So this paper introduces the theory of Balanced Scorecard to establish a non-monetary measurement model to assess the value of human resources.This paper first analyses the factors in value of group human resources and individual human resources,then according on the enterprise strategy and key objectives,makes use of the theory of Balanced Scorecard to looks for group human resource's mission,vision and values,and to determines the key factors to success of groups,practical objectives,indicators of evaluating the performance,and measures for improving.Meanwhile,There are four perspectives to assess which are financial,customer, internal and learning and growth.Relying on group human resource's long-term and short-term objectives,the paper establishes the measurement model of individual human resources;the model also is measured by four perspectives:financial,external,internal and learning and growth.Subsequently,the paper and gives an example to illustrate thar how to establish the model.Then,the paper use fuzzy measurement methods to evaluate group human resources and individual human resources,finally,the paper explans that the way to disclose the report of value of human resource.