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The Establishment and Application of Talent Evaluation System: A Quantitative Model of Individual Human Capital
Suning Zhang 1,2
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1
Deputy Director of Human Resource Management Professional Committee of China Management Science Society,
Deputy Director of Human Resource Management Professional Committee of China Management Science Society
2
Chief Management Scientist of Shanghai Junhuang Enterprise Management Consulting Center,
Chief Management Scientist of Shanghai Junhuang Enterprise Management Consulting Center
© Invalid date by the Author(s). This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution 4.0 International License ( https://creativecommons.org/licenses/by/4.0/ )
Abstract
Based on the analysis of the current research status of human capital quantification, this paper innovatively puts forward the concept of individual human capital quantification -- the Talent Valuation Model. It summarizes the twelve key assessment factors that affect talent valuation, named“Junhuang Elements”and established the relationship between“Junhuang Elements”and the talent value of the individual. The establishment of the talent valuation model provides the possibility and tools for the quantitative research and application of individual human capital. On this basis, the author also constructed an individual human capital assessment system including three modules of Talent Inherent Price module, Talent Market Price module and Human Capital Stock Exchange Price module. And designed application scenarios for the system in both macro and micro dimensions, including Precise Salary for Company, Performance Quantitative Assessment, Human Capital Tracking and Tracing System, Human Capital Assessment Certification System, Human Capital Value-Added System, Human Capital Finance and Human Capital Bank, Human Capital Stock Exchange, etc. The study of talent valuation model and Talent Evaluation System will lead to the birth of two brand-new“trillion-level”industries: human capital finance & human capital bank, talent exchange, which will help macroeconomic development and social employment.
Keywords
Individual Human Capital
Individual Human Capital Measurement
Talent Assessment
Talent value
Human Capital Stock Exchange
Human Capital Finance
Human Capital Bank
Precise Salary
Precise Performance Assessment
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