Notice of RetractionA Study on the Improvement of Human Capital Measurement and Management with Activity Based Costing

Notice of Retraction

After careful and considered review of the content of this paper by a duly constituted expert committee, this paper has been found to be in violation of IEEE´s Publication Principles.

We hereby retract the content of this paper. Reasonable effort should be made to remove all past references to this paper.

The presenting author of this paper has the option to appeal this decision by contacting TPII@ieee.org.

The measurement and management of human capital is a problem which has puzzled economists for a long time. Until now, there isn´t an effective way to calculate the cost of human capital accurately. In recent years, activity based costing (ABC) has been well developed and applied in many industries in western countries. It is an advanced method of cost calculation and may provide us a useful tool to measure human capital. This paper analyzed the cost characteristics of human capital with the theory of ABC. Key activities in the process of human capital´s development were defined. Resource costs were allocated accurately and the procedure of human capital´s calculation was proposed. It provides us a new idea to measure and manage human capital. It is different from the traditional methods and will do some help in further studies.