Proposal of an Alternative Human Capital Evaluation Method for a Research Laboratory: Multidimensional Approach Based on Physical Indicators and Activities

Abstract

The alternative human capital evaluation method proposed is implemented via two methods: principal component analysis and discriminant analysis. The first method classifies the research laboratory activities in homogeneous clusters, while the second method standardizes their scores. The proposed method is sitting in the activity-based management principle, which favors physical indicators for measuring the targeted variables. It uses important concepts such as standardized target score of human capital and standardized mean difference which is usually employed in the area of meta-analysis. The proposed method has research implications as it enables to make appropriate budgetary policy within the laboratory concerned. It also has social implications in terms of distributive and procedural justice thanks to its scientific and objective nature.