Human resource accounting Meaning Objective of HRA Top H,R challenge and solution

1. “THE CHALLENGES IN APPLYING HUMAN
RESOURCE ACCOUNTING IN AUDIT
COMPANIES”.
Presentation By
BHOOMIKAY L

3. Human resource accounting is the process of
identifying and measuring data about human
resource and communicating this information
to interested parties.

4. • H R Accounting is to assign financial value to human capital
and management activities.
• To evaluate the return on investment on human capital.
• To provide a qualitative information on human resource.
• To measure the cost incurred on human resource by firms.`

5. 1. Competition [Attracting and retaining good talent]
2. Compensation and benefits
3. Change management
4. Continuous learning and succession planning
5. Performance management and alignment
6. Leadership development
7. Data security and integrity

6. 1) Competition [attracting and retaining good talent]
Competition is the most important factor in business and
also big challenges. It more difficult for small and medium
enterprises.
Solution
Strong employer branding plays A crucial role in attracting
the good talent in organization , with emerging impact of
social media.
2) compensation and benefits
It is A difficult for organization to keep up with the
compensation and benefits.
Solution
Increasing health cost. Small organization offering A
attractive benefits to combat health related.

7. 3) Change management
Changes in organization it could be structural, economical,
geographical, procedural, managerial or technological. is the
biggest challenges to HR.
Solution
After change firstly give the importance to communicate
clearly and transparently about the change.
4) Continuous learning and succession planning
Up skilling and continuous learning are extremely crucial to
an employs growth and success in organization increasing the
demands of the business so organization finding a continuous
learning.

8. Solution
Trainings relevant to the current/future role of an employee
adopting practical rather than theoretical approach to training.
5) Performance management and alignment
Performance management and alignment the related next
steps, such as performance improvement plans. Organization
face challenges of helping employees understand.
Solution
The employee should be able to directly relate his/her
performance to the targets, regular feedback discussion also
help the employee.

9. 6) Leadership development
Lack of leadership grooming result in employer – employee
conflicts and disagreement and un health work environment
this effect organization’s goals.
Solution
organization devices a learning and development strategy
encompassing all levels in the organization.
7) Data security and integrity
world becoming digital and employs using mobile and other
device at work place. Organizations face a high risk of data
leaks and miss use.
Solution
maintain data security and not disturbing employee freedom
and privacy.HR should keep a check on all department and
their security to protect the data.