Abstract: This method of evaluation provides means of accurately evaluating individuals and groups within an organization on the basis of numerical data and for thereby instituting genuine meritocracy within the organization. The activities of individuals and/or groups comprised of one or more individuals within the organization are quantified as billables or by applying tools of accounting and the individuals and/or groups comprised of one or more individuals evaluated on the basis of computer output provided that quantification as input. Use of this method of evaluation and such quantification of individual performance enables objective and fair evaluation of the individual. Application of this method and system further allows determination of the pay, retirement or severance pay, and other remuneration of individuals.