Building a value-based human resource management system

Abstract

The aim of the study is to develop a value-based approach to the management of organizational staff, which involves the management of employee behaviour through the development of a commitment to corporate values, which will improve the quality and efficiency of the management. The methods of analogy, expert assessment, estimating the efficiency of the investment project, the coefficient method, the direct method of estimating the value of human capital by the cost approach are used. The result of the study is a methodology for studying corporate and personal values, as well as a system of indicators to measure the effectiveness of decisions taken in the area of value-based personnel management. It is proposed to measure the impact of value-based staff management in three ways: by the results achieved through the commitment to individual values; as a degree of achievement of management objectives; as the efficiency of investment in personnel. The system of value-based personnel management presented was tested in the context of an agricultural organization, for which it was proposed that the personnel management system be reoriented from goal-based management to value-based management. The effectiveness of the proposed solutions has been assessed through the developed system of indicators.