Page 15 - Economy_Efficiency and Competitiveness2

15

• creators - creative and ambitious managers and scientists who will introduce innovative solutions
• contractors - employees carrying out routine production and service works.

An entrepreneur who wants to set up a company must pay attention to many factors, including the loca-
tion, which should attract employees with higher qualifications.

4.3 Measuring of human capital

• Indirect approaches – estimate human capital residually. The main premise of this approach is to believe
that the benefit of the reserve capital will be equal to the current value of the fixed asset.

• Direct approaches - Direct approaches take a measure of human capital resources. There are three direct
approaches to measuring human capital resources: the cost-based approach, the lifetime income-based

approach and the indicators-based approach