What is human resources accounting?

Human resources accounting (play), also known as human resources accounting or accounting for human resources management, is a type of accounting that seeks to determine the costs and value of people, also known as human capital working in the organization. The value of the human capital of the organization is calculated not only in terms of salaries and benefits. The game also considers how much money is spent on hiring and training the employee and the future value of the employee for the company. Because many factors involved in the game are not definitive, this type of accounting cannot be accurate. Yet the game is a useful and frequently used tool among human departments.

The game is a kind of economic indicator of what the organization spends on its human capital. This value is one of the more accurate aspects of the game, as it consists of money spent on recruitment, training, salary and benefits of existing employees in previous months and years.

This type of accounting is also a good measurement tool that can be based on BRent, fire and other changes in personnel needs. It predicts the expected value of existing employees and potential future employees. The expected value can be estimated by considering the education and experience of an employee or potential employee. By assessing such data, management can determine whether to invest more in existing employees through further training or whether the organization would be best served recruitment of new human resources.

trends can also be identified through human resources accounting. For example, if there are many employees turnover in society, the game will help reveal the scope and potentially the cause. Perhaps the game will show that too much money is spent on advertising for positions and there is not enough money spent on education and training of employees.

by introducing dollars, even an employee, the game can be reflected in the financial statements of the organization. By others withHunting, the game converts staff into assets. These assets can be reflected in the balance sheet of society.

Because the game assigns the value of human beings, it is not always accurate. As a result, it is considered to be a behavioral form of accounting and not accurate science. By adding to its inaccuracy, the game can sometimes include non-semheric data.