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What is most valuable resource in any organization?

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Question added by mohammad jabir ali , President, Alnahrain University, Baghdad, Iraq , Latest
Date Posted: 2014/09/01
Divyesh Patel
by Divyesh Patel , Assistant Professional Officer- Treasury , City Of Cape Town

Employees are our most valuable assets.

Faris Hammad
by Faris Hammad , HR Director , Prime Gate ITC ,PRIME GATE - Zahran Holding Co (operation and maintenance with 24000 Employees)

Each organization need the capital to grow up and continue , human resource is the first capital 

Muhammad Qasim
by Muhammad Qasim , Construction Manager , H.A. J Contracting Company

The value of each resource is important if we neglect one then others become useless so I will give credit to all resources which depends on each other. This is a chain circle which leads to success. 

Tanveer Qureshi
by Tanveer Qureshi , Director , Qureshi Associates

Offcourse Human Resources.

THAMINMUN ANSARI SYED UMAR
by THAMINMUN ANSARI SYED UMAR , proprietor , Yahasiya Software

I beleive employee who play his role effectively is valuable resource in an organization

Amit Sheth
by Amit Sheth , HR Center Head , Dassault Systemes ; 3DPLM Software Solutions Limited

Human resources.

Technology may change, market may change, government may change but human resources are valuable to run the business in any condition.

VENKITARAMAN KRISHNA MOORTHY VRINDAVAN
by VENKITARAMAN KRISHNA MOORTHY VRINDAVAN , Project Execution Manager & Accounts Manager , ALI INTERNATIONAL TRADING EST.

Human resource is now recognised as  the most important Investment in an Organisation.   (A new concept of valuing human resource has emerged)

 

Human Resource Accounting is the process of identifying and measuring data about Human Resources and communicating this information to the interested parties. It is an attempt to identify and report the Investments made in Human Resources of an organisation that are currently not accounted for in the Conventional Accounting Practices.

Thus, HRA  is a term applied by the Accountancy Profession to quantify the cost and value of employees of their employing organisation.

1.    Cost of Human Resources i.e. the expenditure incurred for recruiting, staffing and training the Quality of the Employees and

2.    Value of Human Resources i.e. the yield which the above investment can yield in the future.

 

The21st Century has been referred to as the Century of the Service Sector. All major expansion scope seems to be happening in the service sector and the scope of expansion of the manufacturing sector is minimal.

Benefits of Human Resource Accounting

The main benefits of Human Resource Accounting are:-

1.    HR Accounting helps the company ascertain how much Investment it has made on its Employees and how much return it can expect from this Investment

2.    The Ratio of Human Capital to Non-Human Capital computed as per the HR Accounting Concept indicates the degree of Labour Intensity of an Organisation.

3.    HR Accounting provides a basis for planning of physical assets vis-a-vis Human Resources

4.    HR Accounting provides valuable information to Investors interested in making Long Term Investments in Service Sector Companies

 

 HR value first in any Organisation

 

wasiq waheed
by wasiq waheed , FRONT OFFICE SUPERVISOR(Looking for a New challenging position In U.A.E) , SHELTON HOTEL

Nodoubt about this employees , like i always believe that Once employees feel challenged, invigorated and productive, their efforts will naturally translate into profit and growth for the organisation

Ankur Deshpande
by Ankur Deshpande , HR Specialist and Manager Admin , DILIGENT TECH INDIA PVT. LTD

Human Resource is the most valuable resource in any organisation.

khalid aladwan
by khalid aladwan , Finance Manager , Abdallah Omar Alyaqout Est.

employee is the head of each company u can run it without manger but not without stuff

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