Methods of human resource accounting

A number of different valuation models have been developed for the measurement of human assets in an organization. The various approaches may be divided into two categories: (i) Monetary measures, and (ii) non-monetary measures. Monetary Measures 1. Replacement Costs In this method, the value of an employee is estimated in terms of the cost that …

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Human Resource Accounting

Definition The term ‘Human Resource Accounting‘ means accounting for human beings, the most important-organizational resource. The accounting of it deals with the measurement of costs which are associated with recruiting, selecting, hiring, training, placing and developing the employees of an organization. It also involves measuring the present economic value of human resources to an organization. …

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