The Human capital valuation: a Methological Proposal Among Intellectual Capital Elements

The Intellectual Capital (IC) is an important source of value for companies in recent years and has attracted special attention from scholars. In an economic scenario based knowledge on the role of human resources has been reallocated over time in the theory of the firm to rank higher than before. The worker's labor and management have evolved as a result of the growing attention to the intangible assets held by each business system. In the knowledge economy, manufacturing industries invest more and more in the processes of scientific and technological research in order to introduce new knowledge in production systems and ensure its survival by creating business value. The competitive firm invests in new productive ideas through scientific research and technology, the human factor and services. The knowledge worker, at every organizational level, have the knowledge that allows the organization to be competitive and to deal with the complexity of the environment by creating intellectual added value. The traditional factors of "old economy" based on physical assets has gone replacing, or at least reinforcing the belief that the "new economy" moves his footsteps mainly CI. The aim of this paper is to examine the methods of evaluation of human capital and to provide an empirical methodology proposed by using a interactive logic in enhancement of the three components of intellectual capital. In particular, the proposed methodology consists in the construction of a multiplier adjusted based on a simplified version of VAICTM able to express a direct relationship with the Return on Equity (ROE) from the perspective of creating value for shareholders based on the dynamic performance undertaking compared to those in the industry