Question

What is compensation rate in flamholtz model of human resource accounting?

Answer 1

Important models used in estimating the value of human resources of an organisation are as follows: (I) Hermanson’s Unpurchased Goodwill Model (ii) Hermanson’s adjusted discounted future wages model (iii) Hekimian and Jones competitive bidding model (iv) Lev and Schwartz’s present value of future earnings model (v) Brummet, Flamholtz, and Pyle’s economic value model (vi) Flamholtz’s Stocastic rewards valuation model (vii) Likert’s causal, intervening and end-result model (viii) Myers and Flower’s five dimensional models (ix) Organ’s discounted certainty equivalent net benefits model (x) Brummet and Taylor’s human resource value index model.