Assessing the Validity of Selected Surrogate Measures of Human Resource Value — a field study

Although there has been a great deal of interest in the idea of accounting for human resources and considerable theoretical discussion of the problems of measuring human resource value and cost, there has been virtually no empirical research on the validity of proposed methods and models. This paper reports some preliminary evidence on the validity of selected surrogates of a person's value to an organization. It describes a field study conducted to determine the convergent and discriminant validity of three possible surrogates of a person's value to an organization: replacement cost, compensation, and a performance measure.