title: Measuring human capital cost through benchmarking in health care environment.
abstract: Each organization should seek to maximize its human capital investments, which ultimately lead to increased profits and asset efficiency. Service companies utilize less capital equipment and more human productivity, customer service, and/or delivery of service as the product. With the measurement of human capital, one can understand what is happening, exercise some degree of control, and make positive changes. Senior management lives or dies by the numbers and if Human Resources (HR) really wants to be a strategic business partner, HR must be judged by the same standards as everyone else in the health care organization.
authors.affiliation: University of Southern Indiana, Department of Accounting and Business Law, USA.
authors.forename: Mehmet C
authors.initials: MC
authors.lastname: Kocakülâh
authors.forename: Donna
authors.initials: D
authors.lastname: Harris
mesh_terms: D000066:Accounting; D000328:Adult; D019985:Benchmarking / Q000191:economics / Q000706:statistics & numerical data*; D002201:Capital Expenditures / Q000145:classification / Q000706:statistics & numerical data*; D003361:Cost Allocation / Q000379:methods*; D017598:Efficiency, Organizational / Q000191:economics*; D006801:Humans; D008330:Management Audit; D008875:Middle Aged; D016134:Organizational Policy; D020416:Outsourced Services / Q000191:economics; D010557:Personnel Administration, Hospital / Q000191:economics*; D010558:Personnel Loyalty; D010560:Personnel Selection / Q000191:economics; D010563:Personnel Turnover / Q000191:economics; D012456:Salaries and Fringe Benefits; D014481:United States