An analysis of human resource accounting and reporting procedures in a subset of public and private sector organizations

Authors

Rupesh Ranjan

Abstract

To analysis of human resource accounting and reporting procedures in a subset of public and private sector organizations. Human Resource Accounting (HRA) and reporting procedures play a pivotal role in both public and private sector organizations, serving as strategic mechanisms to quantify, manage, and optimize the value of human capital. In today's dynamic and competitive business landscape, organizations recognize that their most valuable asset lies in the skills, knowledge, and capabilities of their workforce. Consequently, there is a growing imperative to adopt robust HRA practices that not only facilitate informed decision-making but also enhance transparency, accountability, and stakeholder trust. The information for this study comes from scholarly journals, popular media, and the thoughts of writers working in the same area. For the same reason, people also use reference books, journals, and the Internet. the convergence of diverse methodologies and models in HRA underscores its significance as a tool for quantifying, managing, and optimizing the value of human capital. Whether in the public or private sector, HRA serves as a vital instrument for enhancing organizational effectiveness, transparency, and accountability in the management of human resources.

Keywords

HRA, Private sector, Public sector, reporting procedures

An analysis of human resource accounting and reporting procedures in a subset of public and private sector organizations. Rupesh Ranjan. 2024. IJIRCT, Volume 10, Issue 3. Pages 1-9. https://www.ijirct.org/viewPaper.php?paperId=2406039