Evaluation of Human Capital Economic Quality on the Basis of Financial Categories: Kl-Ark Model

The corporate value creation, which measures the economic success of a company, occurs as a result of integration around the corporate mission and strategy of different resources and competences, among which human resources appear to be very significant. The article presents the author’s selfdesigned measurement model of the economic quality of human capital (the KL-ARK model). The conceptual framework of the model includes: (1) the definition of the company human resources, their attributes and artefacts which appear in financial reporting, (2) the mission based presentation of the vision and value as well as business thinking model with regard to the attributes of corporate human resources, (3) the indication of financial reporting categories allowing for the evaluation of outlays on the development of human resources important for the company, (4) the financial measurement of economic quality of human resources expressed by the power of correlation of human resources attributes and artefacts. In the KL-ARK model, the financial measurement of economic quality of human resources is conducted: with the elasticity indicators of human resources artefacts and attributes (direct financial method) and with the power of correlation of human resources attributes with human resources artefacts (indirect statistical method). This text presents the first group of indicators. The model comes as a response to the presently developed standardisation of integrated and sustainability reporting.