Assessment of Factors Affecting Implementation of Human Resource Accounting in Co-Operative Bank, Bengaluru

Abstract

Human resource accounting can be called as human asset accounting. It is a way of recognizing, measuring, examine and communicate the data and information related to human resource of the entity. In this process each employee’s recruitment cost is allocated and engender potential worth to organization. Human Resource Accounting completely about reporting the capabilities of human resource of any entity in terms of monetary, in their financial statements. In the India today Government has established the separate Ministry for Human Resource Development which supports the organization for efficient implementation of human resource and valuation in the companies. Human resource accounting being in developing stage and has got crucial importance in the present world. There is growing demand for the human resources in this 21st century will the entire world is conquered by the technology. There is an innovative awareness happening across the global which that investing in human resource is of greater importance to achieve the success in the firm’s growth. In India many business have adopted the human resource accounting with different models of the valuation. In this major business entities are Infosys, Bharath Heavy Electrical Ltd (BHEL), Associated Cement Company Ltd, etc. Key words: Human Resource Accounting, Historic score card, HR valuation, Cost of Human resource