Impact of human resource accounting system on the decisions making areas of human resource management practices

Abstract

Success of an organization depends on the quality of human resources. Human resource plays the vital role in the development of an enterprise. Human resource accounting measure the value of employees which helps the management in taking important decisions related to human resource management practices so as to improve the efficiency and productivity of an enterprise. Thus the present study examines the impact of human resource accounting system on the decision making areas of human resource management practices. For the purpose of the study data were collected among the 100 respondents from the Head office of State Bank of India and Canara bank in the Kerala region targeted at the staff of human resource department, accounting section and audit control department. Hence the collected data were analyzed using Correlation analysis and Multiple Regression analysis model validated through ANOVA and F Ratio. The study found that all the aspects related to the implementation of Human Resource Accounting is closely associated and has 67.1 percent impact on the decision making areas of human resource management practices.