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Abstract
Since the onset of business globalization, human resources have emerged as a crucial factor in the seamless operation of enterprises. The effectiveness of decisions made by top management heavily relies on the efficiency of personnel resources. Businesses incur significant expenses in recruiting and training their employees, viewing these investments as anticipations of future earnings. Consequently, there is a need to account for human resources. Human Resource Accounting (HRA) aims to determine the costs and future earnings associated with an organization's human resources. Implementing HRA can offer substantial benefits to enterprises by valuing their personnel resources in monetary terms. This research study seeks to elucidate various models of human resource accounting. It is a descriptive study based on a comprehensive literature survey of existing HRA models. Secondary data has been collected from books, academic journals, relevant textbooks, articles, magazines, and websites. The study concludes by synthesizing findings from the literature review. This research study seeks to elucidate the various models of human resource accounting, exploring their methodologies, advantages, and limitations. It is a descriptive study based on a comprehensive literature survey of existing HRA models. Secondary data has been meticulously collected from a wide range of sources,including books, academic journals, relevant textbooks, articles, magazines, and reputable websites. The study synthesizes these findings to offer a holistic understanding of HRA models and their practical implications for businesses. By examining these models, the study aims to highlight best practices and suggest potential improvements for more effective human resource management and accounting. The study concludes by providing insights and recommendations based on the literature review, contributing to the ongoing discourse on the valuation of human capital in the global business environment.
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