Value to the organization method of HR Accounting
Value to the organization
Hekimian and Jones (1967) proposed that when an organization had several divisions seeking the same employee, the employee should be allocated to the highest bidder and the bid price incorporated into that division's investment base. For example, a value of a professional athlete's service is often determined by how much money a particular team, acting in an open competitive market, is willing to pay him or her.
Limitations
>The soundness of the valuation depends wholly on the information, judgment, and impartiality of the bidder
Source: Wikipedia