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ValueBased Management Performance Measurement Systems for Human Resources

ValueBased Management Performance Measurement Systems for Human Resources This his paper focuses on a specific aspect of ValueBased Management VBM, the design of performance measurement systems. This remains an important challenge not only in Management Accounting but also in Human Resources Management. Performance measurement on various levels of organisation should be aligned to value creation, and management compensation should be tied to the achievement of targets set to these measures according to VBM proponents. In the present article definitions of concepts and issues associated with the design of performance measurement systems are discussed. Furthermore, the paper presents a review of four tools available to measure and manage intangible resources human resource accounting, economic valueadded EVA, balanced scorecard BSC and intellectual capital IC. The role of nonfinancial measures is also analysed from a VBM framework. Finally, some concluding remarks are highlighted in the last section. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Journal of Human Resource Costing & Accounting Emerald Publishing

ValueBased Management Performance Measurement Systems for Human Resources

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Publisher
Emerald Publishing
Copyright
Copyright © Emerald Group Publishing Limited
ISSN
1401-338X
DOI
10.1108/eb029060
Publisher site
See Article on Publisher Site

Abstract

This his paper focuses on a specific aspect of ValueBased Management VBM, the design of performance measurement systems. This remains an important challenge not only in Management Accounting but also in Human Resources Management. Performance measurement on various levels of organisation should be aligned to value creation, and management compensation should be tied to the achievement of targets set to these measures according to VBM proponents. In the present article definitions of concepts and issues associated with the design of performance measurement systems are discussed. Furthermore, the paper presents a review of four tools available to measure and manage intangible resources human resource accounting, economic valueadded EVA, balanced scorecard BSC and intellectual capital IC. The role of nonfinancial measures is also analysed from a VBM framework. Finally, some concluding remarks are highlighted in the last section.

Journal

Journal of Human Resource Costing & AccountingEmerald Publishing

Published: Jan 1, 2000

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