Economic Quality of Human Capital in Companies Listed on The Stock Exchange: Verification of KL-ARK Model

Holistic approach to human capital means that people play important role in business led in a way that allows to achieve sustainability and social responsibility. In these circumstances the need to evaluate economic quality of human capital is attempted to be met in the model titled KL-ARK – evaluation of economic quality of human capital based on financial data available in accounting. Model created by A.Karmañska was presented and discussed during MakeLearn Conference 2014, Portoroz, Slovenia. Now, we share the results of an empirical research – the first phase. Firstly, we show features of human capital’s economic quality of companies included in WIG30 which is an index of the largest companies on the Warsaw Stock Exchange. Secondly, attention is paid to the applicability of the model in microeconomics (e.g. for controlling) and in macroeconomics (e.g. research on sectors, industries, trends of changes in human capital's economic quality across the whole economy). Thirdly, we set out remarks about applicability of the model, which may be relevant for its implementation on a large scale. Fourthly, in order to indicate model's usefulness and its low costs, we worked out a concise instruction how to use the model and report on it. KL-ARK model is a new concept. We set a target that it is built in parts. Our remarks are intended to be a platform for researchers to express their opinions on the development of tools useful for the appraisal of human capital in an entity. We hope the model can be discussed as such.