VALUBLE ASPECTS OF HUMAN RESOURCE ACCOUNTING (HRA)ON INDIA NOR GANISATIONS

Abstract

The success or failure of a company is directly related to the quality and performance of its
workforce. Human resources are undervalued because firms view pay as a cost rather than an
investment in the most crucial asset of their business, the employees' training and development.
Currently, the accounting system is unable to provide the true worth of an employee's skills and
knowledge. This has an impact on a company's future investments in human capital, as the expense
of recruiting and training new employees rises year after year. Human capital is one of the most
critical components of any organization, and the goal of human resource accounting is to give data
on the organization's assessment of this vital resource. The purpose of this article is to demonstrate
the importance of human resources to an organization, what human resource accounting is, what its
ramifications are, and what its main goals are..