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date: 09 December 2019

Abstract and Keywords

The idea that an organization's employees have value has been both an implicit or explicit component of human resource management research throughout its history. Some attempts have been made to quantify this value; other research has simply assumed that human capital is a valuable resource without further detail as to this concept. This chapter reviews work related to employee value. In particular, it reviews work on both utility analysis and Strategic Human Resource Management (SHRM), two areas that have relied most heavily and directly on the idea of employee value to make their predictions. Although research on utility analysis has diminished notably in the past decade, I argue that recent research efforts have been misplaced. By directly considering the idea of employee value and its relevance to SHRM research, utility analysis offers an opportunity to develop strong theory in SHRM and improve the precision of research in this area.

Keywords: employee value, utility analysis, strategic human resource management, strong theory

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