In today's competitive business landscape, companies are constantly searching for ways to maximize their efficiency and profitability. One often overlooked aspect of this quest is the value that human capital brings to an organization. Human Economic Value Added (HEVA) is a concept that sheds light on this crucial element, allowing companies to understand and enhance the true worth of their employees. Human Economic Value Added (HEVA) measures the economic contribution of human capital to a company. It goes beyond the traditional financial metrics and recognizes the impact that employees have on the organization's overall performance. HEVA takes into account factors such as skills, knowledge, experience, and productivity, providing a more comprehensive evaluation of the value employees bring to the table. Calculating and enhancing Human Economic Value Added is crucial for several reasons. Firstly, it allows companies to accurately evaluate the contribution of their employees, e
Since the end of 2014, as a result of the rapid drop in oil prices, there has been a decrease in the gross domestic product of our country, and the GDP of 2014, which was 75.2 billion dollars, has decreased in the following years to the level of 37.49 billion dollars in 2016. At the end of 2016, a 3.8% decrease in GDP was observed compared to last year. (see chart 1) Chart 1 According to the information provided by the Statistics Committee, 66% of the GDP was formed by the non-oil and gas sector, and 34% by the oil and gas sector. A 27.6% decline in the construction sector was noted as the biggest impact on the decline of GDP. The analysis of GDP by sector structure shows that the growth rates of the oil and gas industry are weakening and the share of the oil sector in GDP is decreasing year by year. This is mainly due to two reasons. The main reason is the decrease in oil production from 2011 to the present. The second is related to the price movement of oil in world markets. Due to t