Human Assets Accounting

[abhishreshthaa]

Human Assets Accounting:
This method is still in the early stages of development, it attempts to measure the monetary value of the human resources of the organization.


In this method, evaluation is done in terms of costs & contributions of employees. Costs of human resources consist of expenditure on human resource planning, recruitment, selection, induction, training, compensation etc. Contribution of human resource is the money value of labor productivity or value added by human resources.


The difference between cost & contribution reflects the performance of employees.

 

[jamescord]

Human Assets Accounting:
This method is still in the early stages of development, it attempts to measure the monetary value of the human resources of the organization.


In this method, evaluation is done in terms of costs & contributions of employees. Costs of human resources consist of expenditure on human resource planning, recruitment, selection, induction, training, compensation etc. Contribution of human resource is the money value of labor productivity or value added by human resources.


The difference between cost & contribution reflects the performance of employees.

Hello abhi,

Please check attachment for Objectives of the Study - Non accounting of human resources, so please download and check it.