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According, Collective Capacity, Determined, Future Human Resources, Predetermined, Determination, Pekin Ogan, Certainity Equivalent Net Benefit Model,
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Morse Model (Net Benefit Model)
This approach has been suggested by Morse (1973). According to this approach, the value of human resources is equivalent to the present value of net benefits derived by the organization from the service of its employees. The method involves the following steps –
Pekin Ogan (Certainity Equivalent Net Benefit Model)
This approach has been suggested by Pekin Ogan(1976). This, as a matter of fact, is an ext4nsion of “net benefit approach” as suggested by Morse. According to this approach, the certainty with which the net benefits in future will accrue should also be taken into account, while determining the value of human resources. The approach requires determination of the following –