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HUMAN RESOURCE
ACCOUNTING
Unit 5 1KVIMIS
HRA: CONCEPT
• “the process of identifying and measuring data about
human resources and communicating this
information to ...
HISTORICAL DEVELOPMENT OF HRA
Unit 5 3KVIMIS
NEED FOR HRA
• HRA systems can be put to use for taking a variety of
managerial decisions
• Organizations can actually fin...
MEASUREMENTS IN HRA
Unit 5 5KVIMIS
COST APPROACH IN HRA
Unit 5 6KVIMIS
Unit 5 7KVIMIS
ECONOMIC VALUE APPROACH
Unit 5 8KVIMIS
NON MONETARY MEASURES
• Skills or capability inventory
• Assessment of potential
• Attitude measurements
Unit 5 9KVIMIS
DETERRANTS TO HRA
• Lack of an industry standard
• The need for extensive research
• Not an economically viable option for...
Unit 5 11KVIMIS
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Human resource accounting

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Human resource accounting

  1. 1. HUMAN RESOURCE ACCOUNTING Unit 5 1KVIMIS
  2. 2. HRA: CONCEPT • “the process of identifying and measuring data about human resources and communicating this information to interested parties”. • “Human Resource Accounting is basically an information system that tells management what changes are occurring over time to the human resources of the business. HRA also involves accounting for investment in people and their replacement costs, and also the economic value of people in an organization,” Unit 5 2KVIMIS
  3. 3. HISTORICAL DEVELOPMENT OF HRA Unit 5 3KVIMIS
  4. 4. NEED FOR HRA • HRA systems can be put to use for taking a variety of managerial decisions • Organizations can actually find out how much they can earn from an individual • HRA reflects the extent to which organization contributes to society’s human capital by investing in its development. • It provides a sound and effective basis of human asset control • Helps to know whether the asset is appreciated, depleted or conserved Unit 5 4KVIMIS
  5. 5. MEASUREMENTS IN HRA Unit 5 5KVIMIS
  6. 6. COST APPROACH IN HRA Unit 5 6KVIMIS
  7. 7. Unit 5 7KVIMIS
  8. 8. ECONOMIC VALUE APPROACH Unit 5 8KVIMIS
  9. 9. NON MONETARY MEASURES • Skills or capability inventory • Assessment of potential • Attitude measurements Unit 5 9KVIMIS
  10. 10. DETERRANTS TO HRA • Lack of an industry standard • The need for extensive research • Not an economically viable option for small and medium companies • Difficult to predict as to what is going to be your future requirements Unit 5 10KVIMIS
  11. 11. Unit 5 11KVIMIS

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