Cost Of Human Resource
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COST OF HUMAN RESOURCE ACQUISITITION TRAINING & WELFARE COST DEVELOPMENT COST COST
OTHER COST
Recruitment Cost Formal Training Cost
Medical Expenses
Safety Expenditure
Selection Cost
On The Job Training Cost
Canteen Expenses
Ex-gratia
Placement Cost
Special Training
Specific & General Expenses
Multi-trade Incentives
Other Welfare Expenses
Rewarding Suggestions
Campus Interview Development Cost Programs
OBJECTIVES OF HRA
To furnish cost value information for making proper & effective management decision. Effectively use HR. An analysis of human assets. Facilitates valuation of HR, recording the valuation in the books of accounts and disclose the information. Helps the organization in decision making.
LIMITATIONS OF HRA No specific procedures. Period of existence of HR is uncertain. Fear that it may dehumanize or manipulate employees. The form and manner in which it needs to be included in the financial statements is unknown.
Cont… Human beings cannot be owned, retained and utilized like physical assets. Fear of opposition from Trade Unions. How to amortize HR? Tax Laws No universally accepted method
HRA represents a new way of thinking strategically.
OTHER COST
Recruitment Cost Formal Training Cost
Medical Expenses
Safety Expenditure
Selection Cost
On The Job Training Cost
Canteen Expenses
Ex-gratia
Placement Cost
Special Training
Specific & General Expenses
Multi-trade Incentives
Other Welfare Expenses
Rewarding Suggestions
Campus Interview Development Cost Programs
OBJECTIVES OF HRA
To furnish cost value information for making proper & effective management decision. Effectively use HR. An analysis of human assets. Facilitates valuation of HR, recording the valuation in the books of accounts and disclose the information. Helps the organization in decision making.
LIMITATIONS OF HRA No specific procedures. Period of existence of HR is uncertain. Fear that it may dehumanize or manipulate employees. The form and manner in which it needs to be included in the financial statements is unknown.
Cont… Human beings cannot be owned, retained and utilized like physical assets. Fear of opposition from Trade Unions. How to amortize HR? Tax Laws No universally accepted method
HRA represents a new way of thinking strategically.
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