21st International Conference on Accounting, 3-6 July 2023, Athens, Greece
|1||Human Resource Accounting|
Academic Responsible: Dr. Joseph VanVo, Adjunct Professor, College of Business Administration, California State University, Sacramento, USA.
Human Resource Accounting (HRA) is a proposed cost accounting system which quantifies the worth and expense of human resources in terms of employees’ overall soft skills namely knowledge, experience, expertise, motivation, creativity, followership, leadership, etc. along with organizational recruitment, training, development, promotion, transfer, relocation, termination, etc. It is therefore the value and cost of human resource characteristics and activities within an organization. HRA had been initiated in the 1960’s and became somewhat vibrantly worldwide through the 1970’s, 1980’s…up to 1990’s…then has since been in impasse. In its place is the Workforce Analytics (Valamis, 2021) which is the process of using data-based intelligence to improve and enhance human resource decision making, like managing and hiring top talent, aligning compensation with performance etc. It leverages “big data” to make informed workplace decisions and predictions. Perhaps, nowadays, HRA can be realized through Workforce Analytics? At least that is the thought of two well-known authors of the HRA models – Dr. Flamholtz (UCLA) and Dr. Ogan (U of Florida) – whom I had the honor of meeting virtually and f2f during the Summer 2018 and Fall 2019, respectively.
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