Chapter HUMAN RESOURCE ACCOUNTING AND INFORMATION SYSTEM EXCEL BOOKS 28-1 28
ANNOTATED OUTLINE 28-2 INTRODUCTION Human resource account is accounting for people as an organisational resource. It involves measuring the costs incurred by organisations to recruit, select, hire, train and develop human assets. It also involves measuring the economic value of people to the organisation. Human Resource Accounting And Information System
28-3 Advantages Human Resource Accounting And Information System
Throws light on the strengths and weaknesses of the existing workforce in an organisation. This, in turn, helps management in recruitment planning.
Offers valuable feedback to managers regarding the effectiveness of HR policies and practices.
Helps potential investors judge a company better on the strength of the human assets utilised therein
Helps management in taking proper decisions regarding the use of human assets in an organisation.
The human resource information system is a method by which an organisation collects analyses and reports information about people and jobs. HRIS is designed, basically, to meet the following objectives:
Offer adequate, comprehensive and on going information system about people and jobs
Supply up-to-date information at a reasonable cost
Offer data security and personnel privacy.
Human Resource Information System Human Resource Accounting And Information System