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Human Resource Accounting Practices in India: A Study into Significance of HRA for Strategic HRM

Vaishnavi Sharma Prof. R. P. Singh

Subject area: Management and Commerce  ·  Area of research: Human Resource Management

Abstract

The people working in and for any organisation make the human resource of it. Human resources of an organisation hold the major contribution in its growth and productivity. It is the human resources who with its intelligence, skills, knowledge and competence contribute towards the augmented transformation of all other related resources into value added products and services. Not just a high level production system but also, it is the human resource which leads to technology creation and up gradation, enhancement of production channels and methods with its innovation and proficiency. This study is descriptive in nature and covers the analysis of emerging human resource accounting practice, and also its contribution in strategic workforce management. The study also highlights the challenges that come forth in the implementation of the HRA system.

Keywords

HR Policies, HR Strategies, Human Resource Accounting, Performance Management, Strategic Human Resource Management.

References

[1] KS Dr. Raghavendra (2022). Human Resource Accounting Practices and its Impact on Managerial Performance-A Study. The Review of Contemporary Scientific and Academic Studies, 2(8).

[2] Anil, S., Sudharani, R., & Suresh, N. (2022). A Study on the Impact of Human Resource Accounting on Firm’s Value with Respect to Companies Listed in National Stock Exchange (No. 2207.00722).

[3] Dhar, B. K., Mutalib, M., & Sobhani, F. A. (2017, December). Investigating the impact of human resource accounting practice on organizational performance. In International Islamic Social Economic Conference, Universiti Sains Islam Malaysia, Malaysia.

[4] Kumar Mukesh and Agrawal Dr. Umesh Kumar, A Study of Human Resource Accounting Practices in India, International Journal of Research Publication and Reviews, Vol 4, no 4, pp 475-480 April 2023.

[5] Rahaman, M., Hossain, A., & Akter, T. (2013). Problem with human resource accounting and a possible solution. Research Journal of Finance and accounting, 4(18), 1-10.

[6] Pandurangarao, D., Basha, D. S. C., & Rajasekhar, D. E. V. A. R. A. P. A. L. L. I. (2013). A study on human resource accounting methods and practices in India. International journal of social science & interdisciplinary Research, 2(4), 95-102.

[7] Ratti, M. (2012). AN ANALYTICAL STUDY OF HUMAN RESOURCE ACCOUNTING PRACTICES--AN INDIAN EXPERIENCE. Integral Review: A Journal of Management, 5(2).

[8] Gupta, A. K. (2021). A Study of Human Resource Accounting. International Journal of Research in Engineering, Science and Management, 4(1), 10-12.

[9] Agrawal Poonam, Dr. Shikha, Prominence of HRA Application for Decision Making in HRM (Including Change Management), International Journal of Creative Research Thoughts, Volume 10, Issue 3 March 2022 | ISSN: 2. https://ijcrt.org/papers/IJCRT2203187.pdf

[10] Dawson, C. (1994). Human resource accounting, from prescription to description Management Decision, 32, (6), pp. 35-40.

[11] Flamholtz E., Bullen M., & Hua (2002). Human Resource Accounting: A historical perspective and future implications. Management Decision, pp. 947- 954.

[12] Paperman, J. B. (1977). Financial Statements: The Current Status of Human Resource Accounting (pp. 21-23). The Woman CPA.

[13] Bader Aljamaan, Human Resources Accounting: Concepts, Objectives, Models and Criticism, Global Journal of Human Resource Management, Vol.5, No.7, pp.1-10, September 2017.

How to cite this paper

Vaishnavi Sharma, Prof. R. P. Singh "Human Resource Accounting Practices in India: A Study into Significance of HRA for Strategic HRM" Iconic Research And Engineering Journals Volume 7 Issue 11 2024 Page 33-38
Vaishnavi Sharma, Prof. R. P. Singh "Human Resource Accounting Practices in India: A Study into Significance of HRA for Strategic HRM" Iconic Research And Engineering Journals, vol. 7, no. 11, May. 2024
Vaishnavi Sharma, Prof. R. P. Singh (2024). Human Resource Accounting Practices in India: A Study into Significance of HRA for Strategic HRM. Iconic Research And Engineering Journals, 7(11).
Vaishnavi Sharma, Prof. R. P. Singh "Human Resource Accounting Practices in India: A Study into Significance of HRA for Strategic HRM" Iconic Research And Engineering Journals, vol. 7, no. 11, May. 2024.
@article{1705752,
      author = {Vaishnavi Sharma, Prof. R. P. Singh},
      title = {Human Resource Accounting Practices in India: A Study into Significance of HRA for Strategic HRM},
      journal = {Iconic Research And Engineering Journals},
      year = {2024},
      volume = {7},
      number = {11},
      pages = {33-38},
      issn = {2456-8880},
      url = {https://www.irejournals.com/formatedpaper/1705752.pdf},
      abstract = {The people working in and for any organisation make the human resource of it. Human resources of an organisation hold the major contribution in its growth and productivity.  It is the human resources who with its intelligence, skills, knowledge and competence contribute towards the augmented transformation of all other related resources into value added products and services. Not just a high level production system but also, it is the human resource which leads to technology creation and up gradation, enhancement of production channels and methods with its innovation and proficiency. This study is descriptive in nature and covers the analysis of emerging human resource accounting practice, and also its contribution in strategic workforce management. The study also highlights the challenges that come forth in the implementation of the HRA system.},
      keywords = {HR Policies, HR Strategies, Human Resource Accounting, Performance Management, Strategic Human Resource Management.},
      month = {May},
  }