HUMAN RESOURCE ACCOUNTING

Descriptions

The aim of Human Resource Accounting is to represent the 

potential of HR in monetary terms, in organization's financial 

statements.

The concept can be examined from two dimensions:

(i) the investment in HR; and

(ii) the value of HR.
 
The expenditure for recruiting, staffing and training and
 

developing the HR quality is the investment in HR.

These investments are increased productivity and profit to the 

organization. Those elements are called HR value.