Human Resource Accounting
Keywords:
Human Resource Accounting, Enumerating the Assets, Valuation of Human Assets, Human Capital, Human Capital Investment, HRA for Managers, HR Professionals, Objectives of HRA, Measurement, Organization Building, Organization Utilization, Wastage of Human Resources, Labour Turnover, Cost of Human Resources, Behavioural Aspects, HR Audit, HR Cost AnalysisSynopsis
The authors examined hundreds of studies, surveys and interviews to identify the most effective practices and processes to show the human resources accounting (HRA) contribution. The lengthy development process allows authors to apply new techniques and models within operations and analyse them for effectiveness before including them in the book. Two major studies were initiated specifically for this book and their results are reported in several chapters.
After the development, this significant work should be a valuable contribution to the field. Authors have been fortunate to tackle HR Accounting measurement and evaluation from several perspectives. First and most importantly, after becoming as a human resource executive, one should not struggle directly with the issue of accountability and to focus on the human resources function. Second, after becoming as a top executive in a major financial institution, the view on human resources is completely a different perspective, as a user of the services. Using available research, authors attempted to show human resources accounting practitioners as the best practices. Finally, as a consultant, authors have been fortunate to work with a variety of organizations to help them improve the contribution of the human resources function.
From these perspectives, several impressions begin to emerge about the HR profession, all underscoring the need for increased accountability of the HR function. Collectively, these perspectives provided a unique vantage point from which to write this book.
The final product should be a valuable contribution to help human resources managers tackle the important issue arising out of human resource accounting. The target audience for this book is practicing human resource professionals. The book equips HR professionals with the tools necessary to show the contribution
of programs. Presented in a systematic format, from a practical viewpoint with many examples and illustrations, real-time case studies, it is based on actual experiences, accepted practices, and a strong research base. Each technique and idea has been tested and proven in actual practice.