Human Resource Accounting and Its Effect on Organizational Growth : (A Case Study of Steel Authority of India Ltd.)

Employees are the most important assets of an enterprise and its success or failure depends on their qualifications and performance. The current accounting system is not able to provide the actual value of employee capabilities and knowledge. This indirectly affects future investments of a company, as each year the cost on human resource development and recruitment increases. Human resource accounting is a direct part of the social accounting and aims to provide information on the evaluation of one of the most important components of the organization, namely human capital. Human resource thus requires the necessary attention in order to achieve corporate objectives. This paper investigates the impact of investment in human resource training and development on employees' effectiveness in SAIL. A quantitative measure published by the Institute of Intellectual Capital Research and approved by the Saratoga Institute database was used to assess human resource effectiveness in SAIL