High-tech Enterprise Investment In Human Capital, Financial Decision-making Research

Nowadays, society has entered the era of knowledge economy, human capital will play an increasingly important role in the social and economic development, production and operations management. The rise of high-tech enterprises and the rapid development of high-tech enterprises is a concrete manifestation of the knowledge economy. If the high-tech enterprises is the gateway to enter the to knowledge-based economy, then talent is a key to open the crossings. At present, Competition faced by companies, has changed from capital, costs, the size of competition to the core competitiveness of enterprise which has a high-tech content and intellectual property rights. High-tech enterprise is knowledge and technology intensive enterprises, human capital as the main source of corporate value added, which has the much higher proportion of total capital in the enterprise than traditional business. Therefore, whether you can optimize human capital investment in a reasonable financial decision-making will be the key to the success or failure of high-tech enterprises. On this background, this paper discussed and researched on human capital investment decision-making in high-tech enterprise.However, currently, there are several matters that lie in the financial decision of human capital investments in high-tech enterprises. For an instance, only do on qualitative side, other than quantitative one, and even without the participation of financial department; and most of high-tech enterprises focus much on the post-performance assessment for core technicians and top managers, only few of them do the pre-financial decision on human capital investment. Due to the premature of China human resource market, we cannot make reasonable and objective measurement and , which causes difficulties in the financial decision of human capital investment for high-tech enterprises. And decision makers cannot recognize in proper aspect of human capital, and still follow with the material-oriental concept. The above said matters do limit and effect on the financial decision of human capital investment, as consequence make its cost high, but with outcome of low efficient. Thus, it is urgent to establish a series of proper methods to guide the practice of financial decision on human capital investment for high-tech enterprises.Human capital investment research has achieved remarkable effect since the human capital theory of T.W.Schltz. But, to author's reference to some documents, the academic community mainly study the influence on economy, and also some in enterprise side, both of which much attend the invest risk of human capital. There are very few achievements on both qualitative and quantitative aspects, and have not formed one full financial decision methods on human capital investment, and even leave the blank of which in high-tech enterprises, which is just the dedicative topic of this paper, and make some innovation, to rich and improve the financial theory of human capital, and finally to provide reasonable guidance on the practice of financial decision of human capital investments in high-tech enterprises.This paper first explains the high-tech enterprises and the theory of human capital investment, and expounds the decision-making status of human capital investment, builds the evaluation system of financial decisions of human capital investment in high-tech enterprises from the characteristics of human capital of high-tech enterprises, and focus on the financial decisions evaluation of human capital investment based on net present value in high-tech enterprises. Then takes an example of one high-tech enterprise .At last, this paper put forwards the environmental conditions to make the high-tech enterprises become scientific in human capital investment decisions.