29-11-2012, 12:32 PM
HUMAN RESOURCE ACCOUNTING
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DEFINITION OF H.R.ACCOUNTING
Human Resource Accounting is, “ The process of identifying and measuring data about human resource and communicating this information to intrested parties ”
OBJECTIVES OF H.R.ACCOUNTING
Provide cost value information about acquiring, developing, allocating and maintaining HR.
Enable mgmt.to effectively monitor the use of HR.
Find whether human asset is appreciating or depriciating over a period of time.
Assist in the development of effective management practices.
To motivate individual persons in the organization to increase their worth by training.
In planning physical resource vis-à-vis HR by giving valuable information.
USES OF HR ACCOUNTING
according to Grojer and Johansson-
As a political tool, used to demonstrate mismanagement of human resource.
As a pedagogical instrument for analyzing and structuring.
As a decision making aid to ensure that decision on HR are more rational from the management point of view.