A Study on Human Resource Accounting Methods and Practices in India

It is highly complicated in the today‟s market find well knowledge, coached, and highly motivated people. Human resource is one of the most important back office operations of any organization or business. Their skills, creativity, ability human cannot be replaced by machines. We can lose efficiency in work if no qualitative people. At all levels and areas of the business or firm human efficiency is required with machine efficiency. Human can work without machine but machine can‟t. Hence, industry like advertising and direct marketing for instance human talent is more valuable among other else. No machine can ever come up with a unique advertising idea without the human input. Thus companies must learn to recognize and appreciate the value of their employees. It is worth and capital investments. That is why firms also need to search people those are on capital investment along with capital (money) while many entrepreneurs are focused on securing capital they have to make sure they have the right management team and employer in place if they want to attract investor create value and maximum wealth. Solid management team in what sets a company apart with venture capitalists. The article highlights the significance of Human resource valuation and methods to measures human assets value. The article describes views of the authors and finds out the organizations those have tried to implement human resource accounting. The article depicts the advantages of human resource valuation.