Human capital in a training programme
by Oraya Wisawapaisarn; Pitipong Yodmongkol
International Journal of Learning and Intellectual Capital (IJLIC), Vol. 18, No. 2, 2021

Abstract: This research proposed an approach, variables, and formula for measuring human capital in a training programme in a monetary value within an organisation that implemented an electronic trial master file (eTMF). The participants comprised of 25 employees in the programme, which had three phases. The required variables included the cost of the training, salary, hours utilised in the programme and percentage of time spent on the eTMF. The proportion of the competency and performance was collected and calculated based on the proposed approach and formula. The results provided the human capital in the programme in monetary values, comprising the investments and benefits, which most values were intangible. Contrastingly, investments were the training and opportunity costs and the benefits were value-added in the competencies and performances required for the eTMF. This case could determine the human capital and evaluate the effectiveness of the programme by comparing the investments and benefits.

Online publication date: Wed, 28-Apr-2021

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