Research On Human Capital Pricing Theory And Method In Corporation

Nowadays, society is facing the keen competition on the talents, every country pays more attention on the development strategy of the talents, Common Reognization is formed that scientific talent-selection and talent-employment mechanism should be constructed quickly, and high-level talents should be introduced actively, so as to promote the development of economy and society. Since the theory of human capital pricing is proposed, it develops quickly, but is used less in practice. Theory of human capital pricing currently is not perfect, which restricts the application of the theory of human capital pricing. Based on the past research results, the dissertation focuses on the core content of the human capital pricing, and some research results is made as follows:(1) To overcome the defect of traditional method of human capital pricing, such as discounted cash flow pricing (DCF), the pricing of which generally is low, and neglects the latent increased chance, the human capital pricing model is formulated based on theory and method of real option, Black-Scholes model, and pricing method of European call option, and case study is made. Research results have shown new human capital pricing model concerns all the latent investment chance, so as to make human capital pricing more accurately, moreover, relationship among market price movement rate, market non-risk interest rate, and human capital value is linear.(2) Index system of traditional method of human capital pricing is single, mainly including financial indicators, and other factors concerned are neglected, and result of human capital pricing is not objective. In the dissertation, index system of human capital pricing including financial indicators and non-financial ones is proposed, and human capital pricing model is proposed based on the theory of grey system. The research results have shown the new model not only comprehensively evaluates human capital value, but also calculate each human capital indicator, and the company can make corresponding policy for employee according to the result of human capital pricing, so as to actualize human capital value.(3) To overcome strong subjectivity of the expert in the process of human capital pricing, based on theory of fuzzy preference relations, and dual consistency induced average weighted operator is introduced into the process of human capital pricing, and new method and procedure of it is proposed. Results have shown the new method of human capital method overcomes the problem of information loss in the process of aggregation, and human capital value made by the new method is more accurate, so as to make human capital pricing more scientific and objective.(4) The method of human capital pricing researcher in the past based on static game model with complete information is defective in some degree, and new human capital pricing model is formulated. Results have shown Bayesian Nash Equilibrium is existed only if the probability that the employee belongs to high human capital exceeds certain limit under the condition of incomplete information, and equilibrium strategy is company selects employment, and employee select the strategy, or the Bayesian Nash Equilibrium is not existed.