engleski

Human resource accounting

Scientists and practitioners are almost unanimous in the attitude that human resources are one of the most significant sources of competitiveness of modern enterprises, which put them in the very centre of strategic orientation of businesses. Human resources are the basis of competitive advantage ; and value creation and the value of enterprises are the result of their strategic usage. Strategic human resource management is a key factor in finding solutions for business issues in order to meet ever-increasing market demands and to improve the company's competitive position. Human resources of an organization may be consider as human capital through the combination of their intelligence, skills, motivation and expertise, which makes its distinctive character. Recent contributions have suggested that knowledge and expertise are subject to increasing returns, and that wealth-creating capacity of the enterprise is based on the knowledge and capabilities of its people. But unfortunately all characteristics of human capital are invisible and intangible which make them very hard to be captured or measured using traditional metric systems. Human resource accounting is an information system that serves managers as an insight into the costs and value of the human factor of an organization. The purpose of this paper is to show concept, methods and significance of Human Resource Accounting.

Management, Human Capital, Human Resource Accounting

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