Human Capital Management and Incentive Effects Accounting Essay
Abstract. The purpose of this article is to highlight the conceptual framework of the term human capital. management of HCM and to argue that HCM can guarantee a competitive advantage for a. organization. Abstract. In the knowledge economy, human resources are seen as an invaluable capital invested by companies. The theory of human capital tries to explain the phenomena using the economic point. We review and synthesize research on the effects of incentives on ethical and unethical behavior. Our conceptual and empirical articles, spanning multiple disciplines such as management, psychology, economics, education and healthcare, show great variation in the way they conceptualize key concepts. According to our estimates, the value of human capital represents roughly two-thirds of an individual's total wealth. Skills acquired or deployed through work experience contribute on average a percentage of this value over a normal working life. However, this is an average for the four focus countries and has a large number of variations. An article published in the Journal of Financial Economics analyzed the market value of publicly traded companies in the US and found that labor. of market value, knowledge capital. and brand capital, which includes physical capital,