Uses for Managers and Human Resource Professionals

Abstract

One of the primary purposes of a human resource accounting system is to help management plan and control the use of human resources effectively and efficiently. This chapter examines the role of human resource accounting in the process of managing people in organizations and presents a model depicting how human resource accounting provides the information needed to acquire, develop, allocate, conserve, utilize, evaluate, and reward human resources. As will be seen in this chapter, human resource accounting is intended as a framework and a set of tools both for human resource professionals and for senior management.