Accounting for human capital and organizational effectiveness

Book chapter


Kramar, Murthy, Vijaya, Guthrie, James and Professor, Robin J. Kramar. (2011). Accounting for human capital and organizational effectiveness. In In A. Burton-Jones and J. C. Spender (Ed.). The Oxford Handbook of Human Capital pp. 382 - 399 Oxford University Press. https://doi.org/10.1093/oxfordhb/9780199532162.003.0016
AuthorsKramar, Murthy, Vijaya, Guthrie, James and Professor, Robin J. Kramar
EditorsA. Burton-Jones and J. C. Spender
Abstract

This article discusses how the shift to a knowledge-based economy has propelled firms' human capital (HC) and associated intellectual resources to center stage. It notes that while organizational researchers have highlighted the increasingly strategic role of HC, and despite a growing realization among firms that their human-knowledge resources are becoming more important, managerial awareness of the value of HC remains low. The article suggests that HC management, measurement, and reporting are increasingly vital capabilities that all organizations will need to acquire. It proceeds to analyse the nature of HC, trace the evolution of HC accounting, identify current accounting challenges, and describe contemporary frameworks that are seeking to address these challenges. The article defines HC within organizations as ‘employee capability, knowledge, innovation, adaptability, and experience’, noting that it is typically represented as one element in a tripartite framework of intellectual capital, the other two being relational capital and organizational capital.

Keywordsknowledge-based economy; human capital; employee capability; knowledge; innovation; adaptability
Page range382 - 399
Year2011
Book titleThe Oxford Handbook of Human Capital
PublisherOxford University Press
Place of publicationUnited States of America
ISBN9780199532162
Digital Object Identifier (DOI)https://doi.org/10.1093/oxfordhb/9780199532162.003.0016
Scopus EID2-s2.0-84923975388
Research GroupPeter Faber Business School
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