1 Human Resource Accounting at EssayPedia.com
Essay info
Contact us
Toll-free for US only: 1-866-509-5959 Order custom essays:
Instant Quote
Urgency:
Degree:
Type of work:
Pages:
275 words/page
Price: $0
Make an order
Our Prices
14 days per page
10 days per page
6 days per page
3 days per page
2 days per page
24 hours per page
12 hours per page
6 hours per page
3 hours per page
Note: The prices are given for High School academic level. Please, visit "Prices" page for the detailed prices.
Similar essays
Write my essay on
"Human Resource Accounting"
Human Resource Accounting
Author:
Ryan Wilkins
The success and failure of an entity will depend on how effectively it utilizes its available resources. Managers must attempt to optimize the acquisition, allocation and development of the assets of the firm. Managers always equate assets to the physical and financial assets of the firm and often ignore the most important and the key element to the success of the organization – it's employees. In service related businesses tangible assets contribute far less to the value of the service than do the intangible assets. These intangible assets are represented by the accumulated and current knowledge of the entity's past and present employees. The abilities of all the employees of an organization at all the levels – management, supervisory and ordinary – to produce value from their knowledge and capabilities of their mind are known as HUMAN CAPITAL ASSETS.


THE IMPORTANCE OF HUMAN CAPITAL ASSETS


Value is created when intangible resources are deployed and degrades when they remain unused. Today knowledge or more colloquially, intelligence and brainpower have become the key determinant for the economic and business success. The key success factor of an individual business enterprise is no longer its sheer size or the number of tangible assets it controls - It is it's Human Capital.


The importance of the human resources of a company can be illustrated in several ways. The market prices of corporate securities often reflect values substantially different from those indicated by the recorded values of the individual assets. Obviously, a number of intangible assets including human resources continue to remain unrecorded. Early evidence suggested that the replacement costs of human resources are quite substantial. In a survey, five hundred corporate presidents were asked about the cost of replacing their entire workforce. The estimates ranged from three to five times of the annual payroll of the company. If...

Please note! This is not an example of text written by our writers! Essaypedia.com is a database of essays that were collected at open web resources. You can use them at you own risk following the citation rules below.

But we recommend you to order a custom plagiarism-free essay written just for you from one of our writers. Place an order, add your paper details and enjoy the results! You can keep in touch with your writer, check the draft of your paper and send your order for revision for free. If you are hesitating to place an order – just ask for a quote!
If you want to use this essay follow the citation rules below:
"Human Resource Accounting." EssayPedia.com. Feb 20, 2018
<http://samples.essaypedia.com/papers/human-resource-accounting-5681.html>
View full text
essay on Human Resource Accounting
Pages:
9 (2409 words)
Comments:
1
Added:
11/30/2011
Category:
Business
Plagiarism level of this essay is: 93%
Order this essay written from scratch Right Now!
Comments:
Jason
HI! Can you help me to write my essay on Human Resource Accounting
08/15/2010
Leave Your comment
Name:
Text:
Enter symbols below:
Send
Captcha Image