Triptych Knowledge—Skills—Payroll and Business Performance: Application of an Operational Model for an Accounting Rating of the Human Capital in the Area of Distribution

The human capital’s accounting could allow companies to better manage the acquired knowledge and the skills developed by the employees when they join the firm.An operational model,suitable for a business enterprise’s HR manager and validated by its headboard,needs to include the employees’expertise and skills relative to their“cost”for the employer—the wage bill—and an assessment of the commercial performance.The human capital’s valuation includes methodological issues.Besides,the notion of human capital seems hardly understandable as a whole:The human capital gathers nevertheless components,such as knowledge—skills for which a first valuation can be proposed to test an accounting evaluation model for the operational human capital.In a perspective of a responsible management and a good HR policy,the method used must be able to better manage the knowledge and the competences employees acquired by accompanying them with the appropriate human resource management practices.This paper aims to show that the accounting valuation of human capital can become a tool in order to manage the knowledge and skills acquired and able to support a company’s human resources policy while being useful to its commercial performance—here in the distribution sector.In a research-intervention frame led in a responsible group,we use a model based on a triptych—wage bill,knowledge,and skills—to evaluate the human capital’s accounting,with an analytical highlight on the components measurement of the used“knowledge”and“skills”indexes in particular.A reflection on the operational model’s enrichment is proposed.

Some thoughts on deepening the reform of ownership structure

The fundamental criterion of the ＂three favorables＂ put forward by Deng Xiaoping is the basic theoretical foundation on which China＇s current ownership structure is established and improved, one where public ownership is dominant and diverse forms of ownership coexist. What is critical for properly handling the relationship between the public and non-public economies and coordinating them within the great practice of constructing socialism with Chinese characteristics is adherence to the dominance of public ownership together with ceaseless exploration and active adoption of effective forms to realize public ownership. ＂Public assets dominate the total assets in society.＂ Their dominance in terms of quantity should mean mainly that net public operating assets account for a dominant proportion of society＇s overall net operating assets, while their dominance in terms of quality should be seen in the ability of the socialist economy linked with net public operating assets to yield much higher labor productivity than the capitalist economy. In order to consolidate and develop the public economy in China, and further bring into play the dominant role of the state-owned economy, it is imperative for us to correctly understand and grasp the unique features of China in the distribution of the state sector of the economy in the conditions of the socialist market economy, rationally map out and continuously optimize its distribution and structure, and endeavor to nurture a group of intemationally competitive large-scale state-owned or state-controlled enterprises or enterprise groups.