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The Definition and Measurement of Human Capital Resources: A Content and Meta- Analytic Review
Liwen Zhang1; Chad Van Iddekinge2; Robert E. Ployhart3; John D. Arnold4; Samantha Jordan5
2023-09
Source PublicationJournal of Applied Psychology
ISSN0021-9010
Abstract

Although human capital resources (HCR) can be important for organizational performance, researchers have defined and measured HCR in various ways. Consequently, it is unclear whether existing measures provide valid inferences about HCR or their relations with other constructs. We conducted this three-study research to address these issues. In Study 1, we reviewed HCR definitions (k = 84) and found that most definitions focus on collective knowledge, skills, and abilities. Recent definitions also tend to include other characteristics (e.g., personality). In Study 2, a content analysis of HCR measures (k = 127) revealed that only 23.6% of the measures focused solely on HCR and they tended to assess only one or two dimensions of the construct (i.e., were deficient). Many measures (46.5%) assessed both HCR and other constructs (i.e., were partially contaminated), and other measures (29.9%) assessed only non-HCR constructs (i.e., were fully contaminated). In Study 3 (k = 94), we found that HCR measures that were less deficient demonstrated stronger criterion-related validity for predicting unit and firm performance. Interestingly, partially contaminated measures were somewhat more predictive than uncontaminated measures (ρ =.35 vs..25, respectively), mainly because they assessed both HCR and other constructs that are related to performance. Both types of measures demonstrated stronger validity than fully contaminated measures. Overall, findings suggest that extant HCR measures often are deficient and/or contaminated. We discuss implications, as well as offer guidance for measuring HCR in future research.

KeywordContent Analysis Firm Performance Human Capital Resources Meta-analysis Strategic Human Resources
DOI10.1037/apl0001088
URLView the original
Indexed BySSCI
WOS Research AreaPsychology ; Business & Economics
WOS SubjectPsychology, Applied ; Management
WOS IDWOS:000965010800001
PublisherAmerican Psychological Association
Scopus ID2-s2.0-85158118429
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Citation statistics
Document TypeJournal article
CollectionUniversity of Macau
Affiliation1.Faculty of Business Administration, University of Macau, China
2.Tippie College of Business,University of Iowa,United States
3.Darla Moore School of Business,University of South Carolina,United States
4.Robert J. Trulaske,Sr. College of Business,University of Missouri,United States
5.G. Brint Ryan College of Business,University of North Texas,United States
First Author AffilicationFaculty of Business Administration
Recommended Citation
GB/T 7714
Liwen Zhang,Chad Van Iddekinge,Robert E. Ployhart,et al. The Definition and Measurement of Human Capital Resources: A Content and Meta- Analytic Review[J]. Journal of Applied Psychology, 2023.
APA Liwen Zhang., Chad Van Iddekinge., Robert E. Ployhart., John D. Arnold., & Samantha Jordan (2023). The Definition and Measurement of Human Capital Resources: A Content and Meta- Analytic Review. Journal of Applied Psychology.
MLA Liwen Zhang,et al."The Definition and Measurement of Human Capital Resources: A Content and Meta- Analytic Review".Journal of Applied Psychology (2023).
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