Application of Human Resource Accounting in Heavy Industries

Abstract

Since the beginning of globalization of business and services, Human elements are becoming more important input for the success of any corporate enterprise. It helps the management to frame policies for human resources. Human Resource Accounting is a process of identifying and measuring data about human resources. Measurement of the investment in human resources will help to evaluate the charges in human resource investment over a period of time. This paper aims at analyzing the application of Human Resource Accounting in heavy industries covering the period from 2001-2010 with the case study of The Hindustan Copper Limited, a public sector undertaking. The case study helps to analyze that the value of production per employee is increasing or decreasing.