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Byline: Kit Bingham

Top US and European companies are paying increased attention to measuring the value of their people, according to a new study by the Conference Board, the business research firm..

In the modern age, a company's value depends more on the contribution of its "human capital" as well as brands and reputation than on tangible assets, and companies are seeking to measure how these intangibles impact on performance.

Investors, particularly public pension funds and social responsibility funds, are also seeking greater information from companies on human capital.

Stephen Gates, principal researcher in the Conference Board's …