Methodology Principles of Human Capital Evaluation in Macro-Level

Human capital development requires substantial capital contributions - financial, material and time costs, which have to pay off over a longer or shorter time. Its effective use can’t be analyzed in isolation. It must be assessed in relation with the internal and external factors of surrounding environment, observing a certain consistency. Integrated interpretation of the impact of these factors makes it possible to distinguish influence of each factor affecting the overall business's performance. This paper presents the evaluation process of six steps, based on which is formed the methodology framework of human capital evaluation in macro-level, highlighting the key moments and emerging problems. For effective evaluation of human capital, there has to be implemented in series the basic stages of evaluation process, also must be met a structured approach to the capital, bringing together both the tangible and intangible capital, and thus highlighting the aspects of changes, adaptation and flexibility in the value creation process.DOI: http://dx.doi.org/10.5755/j01.em.17.2.2208