Measuring Employees Value: A Critical Study on Human Resources Accounting in India

Human Resource (HR) is most crucial, very important and sensitive factorused as an input for production. This factor was overlooked earlier foraccounting purposes due to the availability of excess and unorganisedmanpower and relatively low cost. But after liberalization of Indian economy(in 1991) the importance of human resources were recognised. Although a littleinterest has been shown by professional accountancy bodies, like ICAI, ICSIand ICMAI on Human Resource Accounting (HRA) in Indian the importanceis now given on HRA by public sector undertakings that have made pioneeringattempts by disclosing Human Resource Values in their published annualreports. Similarly the other private companies are also disclosing the HR valuesin their financial statements. This paper seeks to present brief description ofConcepts of HRA, analyse the disclosure in 5 major companies in India. Thestudy also analyses the difference between the HRV, and to establish therelationship between Profitability and HRV with other predictor values like Networth, Sales and EPS. By using ANOVA, Tukey post Hoc Test and multipleregression it was found that HRV and Sales are the predictor of Profitability inselected companies in India.

کلیدواژه ها:

Human Resource Value ، Human Resource Accounting ، Human Resource Valuation ، Value per employee