HUMAN RESOURCE MANAGEMENT

BY: Abhishek Kyal

UNIVERSAL BUSINESS SCHOOL

PGCM-1401

The American Accounting Association’s Committeeon

Human Resource Accounting (1973) has defined Human Resource Accounting as

“the process of identifying and measuring data about human resources and communicating this information to interested parties”

“You can have the best strategy and the best building in the world, but if you don’t have the hearts and minds of the people who work with you,

none of it comes to life.”– Renee West, Luxor and Excalibur Hotel

1. 2. 3. 4. 5. 6. 7. 8. 9.OBJECTIVES OF HRA

1. 2. 3. 4. 5. 6. 7. 8. 9.OBJECTIVES OF HRA

To review the performance of the Human Resource Department .

To identify the gaps, irregularities, in the implementation of the Policies.

To know the factors which are detrimental to the non-implementation or wrong implementation.

To suggest measures and corrective steps to rectify the mistakes.

To evaluate the Personnel staff and employees with reference to the Performance Appraisal.

To evaluate the job chart of the Human Resource Managers, Executives, Administrative Officers.

1. 2. 3. 4. 5. 6. 7. 8. 9.ADVANTAGES OF HRM

HRA Provide useful information about the Human Capital in Organisation .

Requires thorough review of Human Resource department’s information system.

It highlight the strength and weakness of employees.

HRA helps to evaluate the effectiveness of HR policies and Practice.

HRA enables management to various types of Human Resource cost.

Ensures timely compliance with legal requirements.

Trade union

Measurement problem

Differentiate cost & value

No empirical evidence

1. 2. 3. 4. 5. 6. 7. 8. 9.LIMITATION

Human Resource Valuation

Monetary Method

Historical Cost

Replacement Cost

Opportunity Cost

Asset Multiplier

Cost

Non-Monetary Method

Expected Realisable

Value

Discounted NPV Of Future

Earning

1. 2. 3. 4. 5. 6. 7. 8. 9.APPROACHES TO HRV

Cost of Human Resources

Recruitment Cost

Selection Cost Orientation CostTraining &

Development Cost

1. 2. 3. 4. 5. 6. 7. 8. 9.COSTS OF HUMAN RESOURCES

•𝑐𝑜𝑠𝑡 𝑜𝑓 𝑟𝑒𝑐𝑟𝑢𝑖𝑡𝑚𝑒𝑛𝑡

𝑁𝑜.𝑜𝑓 𝑟𝑒𝑐𝑟𝑢𝑖𝑡𝑒𝑟𝑠 ℎ𝑖𝑒𝑟𝑒𝑑/𝑅𝑒𝑡𝑎𝑖𝑛𝑒𝑑

Cost of Recruitment

• Time taken from commencement to completion of recruitment process

Recruitment Cycle Time

Cost of Turnover

Cost of Training

•𝑁𝑜.𝑜𝑓 𝑠𝑒𝑝𝑒𝑟𝑎𝑡𝑖𝑜𝑛

𝐴𝑣𝑔.𝑛𝑜.𝑜𝑓 𝐸𝑚𝑝𝑙𝑜𝑦𝑒𝑒𝑠X 100

•𝑇𝑟𝑎𝑖𝑛𝑖𝑛𝑔 𝐶𝑜𝑠𝑡

𝑁𝑜.𝑜𝑓 𝐸𝑚𝑝𝑙𝑜𝑦𝑒𝑒𝑠

1. 2. 3. 4. 5. 6. 7. 8. 9.RATIO ANALYSIS

HUMAM RESOURCE MANAGEMENT - S.CHAND

AMERICAN ASSOCIATION OF ACCOUNTANTS K.N. RANDERIA, NATIONAL INSTITUTE OF PERSONAL

MANAGEMENT THE HUMAN ORGANISATION

- RENSIS LIKERT http://www.whatishumanresource.com/objectives-

and-benefits-of-Human-Resource-auditing

1. 2. 3. 4. 5. 6. 7. 8. 9.BILBIOGRAPHY & WEBLIOGRAPHY

1. 2. 3. 4. 5. 6. 7. 8. 9. THANK YOU