Need and Importance of Human Resource Accounting.

1.	Need and Importance of Human Resource Accounting.
Answer» The need for Human Resource Accounting felt largely as a result of the emerging concern for human relations management in industry. The very importance of Human Resource Accounting can be summed up through following major points – (a) Human Resource Accounting helps management in acquiring placing and in making effective utilization of human resources. (b) To retain the qualified employees (c) It aids in deciding the transfers , promotion , training etc of human resources. (d) It serves as a tool to measure and compare the expenditure incurred for imparting the training to employees and in turn the benefits derived by the firm. (e) Human Resource Accounting helps to improve the profile of the enterprise and its image.

Answer»

The need for Human Resource Accounting felt largely as a result of the emerging concern for human relations management in industry. The very importance of Human Resource Accounting can be summed up through following major points –

(a) Human Resource Accounting helps management in acquiring placing and in making effective utilization of human resources.

(b) To retain the qualified employees

(c) It aids in deciding the transfers , promotion , training etc of human resources.

(d) It serves as a tool to measure and compare the expenditure incurred for imparting the training to employees and in turn the benefits derived by the firm.

(e) Human Resource Accounting helps to improve the profile of the enterprise and its image.

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