Measuring Personnel Through Human Resource Accounting Reports – A Case Study Of Hindustan Petroleum Corporation Ltd

Research Article
Shreelatha H R and Ratna Sinha
Human Resource Accounting (HRA), measuring HRA, Human Assets, Human Resource Value, Human Efficiency, Lev and Schwartz Model.

Success of any organization is mostly dependent on how the Human Capital had been utilized effectively & efficiently. Machine works to its optimum extent and gives quality outputs if human resource’s motivation and dedication is present. This helps a company to increase its profits. If we want to say the importance of human beings towards organizational upliftments in the words of ‘Vedavyas’ in ‘Mahabharath’, he says ‘nothing is superior to man’. Based on this background this paper defines Human Resource Accounting (HRA) and explains how the Human Capital is measured for the purpose of financial reporting and managerial uses in general and HRA practices adopted by HPCL in particular.