The correct answer is: C. Capitalised value of the amount spent on recruitment, Training and development of employees.
The historical approach to valuation of human resources is based on the cost incurred in acquiring and developing employees. This approach is simple to understand and implement, but it does not take into account the future value of human resources.
The amount spent on recruitment, training, and development of employees is a good proxy for the value of human resources. This is because these costs are incurred in order to attract, retain, and develop talented employees. These employees are then able to contribute to the organization’s success.
The other options are incorrect because they do not take into account the future value of human resources. The capitalized value of salary and wages payable in a year by the concern is only a measure of the current cost of human resources. The capitalized value of salary and wages payable in a year by competitive concerns is not a good measure of the value of human resources, because it does not take into account the differences in the quality of employees between the two concerns. The capitalized value of security money placed by employees is not a good measure of the value of human resources, because it does not take into account the future value of human resources.