Forecasting Performance in Organizations: An Application of Current-Value Human Resources Accounting.
Abstract
This is the final report describing the development of a current-value human resources accounting (HRA) methodology. Current-value HRA is designed to aid management in decision making. Its goal is to provide information about the effects of organizational policies and practices on the value of organizations' human resources. This report summarizes two phases of activity. Phase 1 investigated the nature of the relationship between the human organization and organizational effectiveness. Phase 2, called value attribution, involved three steps: (1) the prediction of changes in performance, (2) the determination of the dollar value of these changes, and (3) the capitalization and discounting of these (future) dollar values. The results indicate that even small changes in the human organization can yield significant increments or decrements in future performance. A number of procedural and ethical issues, discussed in the report, still remain. However, the findings clearly indicated that current-value systems of human resources accounting are feasible in both civilian and Navy settings.
Document Details
- Document Type
- Technical Report
- Publication Date
- Aug 01, 1978
- Accession Number
- ADA060102
Entities
People
- Alan S. Davenport
- David G. Bowers
- Jean B. Lapointe
- Patricia A. Pecorella
Organizations
- University of Michigan