Role of Human Resource Accounting (HRA): An insight through review of literature

Description

Page: 1359-1366

Ramandeep Saini (International Affairs, Chandigarh Group of Colleges, Landran, Mohali, Punjab) Vipla Choudhary
(Department of Management, I K Gujral Punjab Technical University, Kapurthala, Punjab)

The term Human Resource refers to the entity which appreciates with the passage of time. Behavioural scientists believes that it is the only factor in the journey of business enterprises whose expertise increases with the increase of its experience, time spend on performing various duties, education and training, developmental programs etc. Human Resource Accounting (HRA) encourages authorities to invest in this non-depreciable asset in a more balanced and wise way. It also recommends various tools to measure restore and enhance the expertise of this in dispensible variable of an organization by rightful investment. The purpose of this study is to elaborate the application of human resource accounting, to study the milestones and journey of HRA; to determine the level of acceptance of HRA in Indian industry and challenges being faced in implementation. Suggestions at the end of paper include measures that can be taken to increase acceptability of HRA. This study will enlighten the researchers and professionals about HRA and diluting the ambiguities that may be existing and refraining industry from adopting HRA.