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Performance Management Systems and Strategies by Dipak Kumar Bhattacharyya

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VARIOUS METHODS OF VALUATING HUMAN RESOURCES

Different approaches to the valuation of human resources may be broadly grouped under two categories:

  • Non-monetary measurement
  • Monetary measurement

Non-monetary Measurement

Such methods involve the classification of human resources in terms of skills (skills inventory), performance evaluations, potentiality for developments and promotions, attitude surveys, and subjective values.

Skill is a coordinated series of actions to attain some goal. Operationally, skills are defined widely as overt responses and controlled stimulation. Overt responses may either be verbal, motor, or perceptual. Verbal response typically stresses on speaking (which requires memorization of words). Motor responses stress on ...

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