Abstract: It is recognised and accepted by business leaders and academic scholars alike that people (human resources) are an organisation’s most critical assets in the contemporary knowledge economy. While this may be true, this rhetoric is often not matched by the reality of employment practices related to this important yet ambiguous resource. The purpose of this paper is to review the current situation with respect to the question of people as valuable resources in the intellectual capital and knowledge management paradigms. Our contention is that human resources pivotal to the success of modern business enterprises, irrespective of their sizes. This paper’s empirical basis is achieved by presenting research data made by the authors on the relationship between psychosocial variables and human resource practices on behaviours associated with intellectual capital and knowledge sharing. A positive relationship has been found between attitudes, subjective norms, and self‑efficacy on knowledge sharing behaviour. Besides this, a positive correlation was found between the concept of psychological capital and knowledge sharing. With respect to human resource practices, the paper includes a review of research undertaken on management’s perception on the importance of measuring human resources, some organisations’ attempts to achieve this, and the current barriers towards the measurement of value. Current research on the relationship of knowledge sharing and human resource practices is presented. The paper concludes with a discussion on the authors’ observations of the value of human resources in the current state of the theoretical and practical considerations of intellectual capital and knowledge sharing, and their suggestions on a way forward in this developing area of ICKM.
Keywords: human capital, human resource value measurement, intangible assets, knowledge sharing, psychological capital