Human Resources Term Paper example
Masters
Term Paper
Finance & Accounting
Pages 15 (3765 words)
Download 0
Today, Human resource has been considered as the most important asset of any organization and therefore it is important for the management to make the most of these assets. …

Introduction

It is because of the quality of human resource and proper management of human resource that an organization is able to differentiate itself from others and the organization is able to attain competitive advantage (Blau, 1978).
Organization invests in different projects and assets so that they would yield returns to the company in the long run and the company only invests in them if the expected value of the returns of the projects or assets would be more than their total present investment cost. This theory can also be linked to the human resource of the organization and organizations invest in human resource so that they would yield them profits in the years to come and help the organization to grow as a successful venture. As human resource is the most important asset of the organization and therefore it is imperative for the organization to properly manage its human resource so that the investment yields maximum return (Roslender, 1997). There can be different kinds of investment on human resource like the cost of training, cost associated with recruitment of employees etc and therefore it is important for the management to properly analyse the cost and returns that human resource would yield and for this purpose, human resource accounting has emerged as the solution (Mirvis, & Lawler III, 1984). ...
Download paper
Not exactly what you need?

Related papers

Response To Memo From K. Abbott-Gill, The Cfo Of Antipodes Mineral Resources Company
The core business in a mineral company is; mining and therefore most investments in such entities revolve around this central activity. The following are the areas I would expect AMR to make their investments: …
General Question about Human Resource Managment & Organizational Behavior
In addition to that paper will also discuss different types of on-job trainings and which one is the most commonly used by human resource managers. Organizational and Team Environment Organizational and team environment contributes to effectiveness of a team. The effectiveness of the team can be gauged through three measures. First is its ability to achieve the desired objective, second is the…
Human Resource 2
Therefore, an organizational structure is aimed at coordinating, regulating, and reducing uncertainty in the employee’s behavior (Ratna 5-9). Nevertheless, the organization structure can be classified in to two; the first is the centralized organization structure whereby authority reigns in the top management and orders given have to be obeyed. This structure mainly applies in the military. The…
Human Resource Accounting Policies and Practices: A Case Study of the Nigerian Banking Sector
The increasing importance and evolving role of HR is due to the changing views and structure of post-modern organisation. Traditionally, the business owner used to perceive the employees as a cost to business; whereas, now, they believe that costs to employees are very significant investment. In recent times, a number of theories and concepts have been developed for the betterment of human…
Manging Financial Resources and Decisions
(NEEDHAM. 1995) Cost of Sources of Finance: Each source of finance has its cost which is an important factor to consider in choosing the source of finance. Equity capital as a source of finance, through ordinary and preference shares has a cost of share in the company’s holding and dividend payments have to be made to the shareholders. Retained profits as a source of finance potentially involve…
current issues in financial reporting
549-586). This paper explains the importance of financial reporting in organization, and gives the reasons for and against capitalising human resources in the financial statements of a company. Discussion Financial reporting entails communication of useful financial information for making credit, investment and other decisions in business. Reports to the stockholders on quarterly and annual basis,…
Managing Financial Resources on Tesco and Sainsbury
Both the companies Tesco and Sainsbury are a retail giant multi-chain retail stores. Both the companies are companies have achieved profitability in the financial year 2013. Looking at the financial statement both the companies are in the relatively safe position in terms of profitability. On the overall Sainsbury has a better profitability margin than Tesco. With regards to the Liquidity ratio…