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3 Components Become Parameters for Measuring Intellectual Capital

Navigasi - In accounting, the term intellectual capital is known, in terms of the attributes of intellectual capital, 36 items can be grouped into three main components, namely human capital, structural capital, and relational capital (Ulum, 2017). 

3 Components Become Parameters for Measuring Intellectual Capital
3 Components Become Parameters for Measuring Intellectual Capital

The three components are also the parameters used to measure the disclosure of Intellectual Capital. The following understanding of each group in general can be concluded.

1. Human Capital

Human capital is the lifeblood of intellectual capital. This is the source of innovation and improvement, but it is a component that is difficult to measure. Human capital is also a source of very useful knowledge, skills and compensation in an organization or company. Human capital reflects the company's collective ability to produce the best solutions based on the knowledge possessed by the people in the company.

Human Capital will increase if the company is able to use the knowledge possessed by its employees. Provide some basic characteristics that can be measured in this capital, namely the number of employees, education level, employee qualifications, employee knowledge, employee competence, education & training, types of related training, and employee turnover.

2. Organizational Capital (Structural Capital)

Structural capital is the ability of an organization or company to fulfill the company's routine processes and structures that support employees' efforts to produce optimal intellectual performance and overall business performance, for example: company information systems, management processes, organizational culture, management philosophy and all forms of intellectual property. owned by the company.

An individual can have a high intellectual level, but if the organization has poor systems and procedures, intellectual capital cannot achieve optimal performance and the potential is not utilized optimally.

3. Customer Capital (Relational Capital)

This element is a component of intellectual capital that provides real value. Relational capital is a harmonious relationship/association network owned by the company and its partners, both from reliable and quality suppliers, from the company's relationship with the government and with the surrounding community.