Ok..Thanks for the information.
In that case, Is there any way I can get the selected Text value in server side Event, instead of querying to the database and get the text based on the value selected?
For ex: I have Employers dropdown as a Custom field in the User module. Where I am displaying the Employee name as text field and the Employee Id as Value field. On selection of some Employee is it possible to get the Employee Name selected in Insert_Before event at server side?