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Human Resource Accountinga critical comment

Human Resource Accountinga critical comment Since the time of Adam Smith, economists have grappled with the concept of human capital whilst more recently attempts have been made to assess the rate of return made on the investment in education and training. In the last few years considerable interest has been aroused by attempts to include people in the assets of a company, applying to them accounting conventions and assigning some value to the organization's employees. In the United States, William Pyle and his associates at the University of Michigan, backed by a growing Human Resource Accounting Association, have pioneered a particular method. The publication of the joint working party of the ACMA and IPM favoured a different approach. It is the intention of this paper to review the two approaches, highlighting their similarities and differences and to examine the criticisms that have been levelled against both. Finally, a possible solution will be suggested to the identified shortcomings. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Personnel Review Emerald Publishing

Human Resource Accountinga critical comment

Cannon, James A.
Personnel Review , Volume 3 (3): 7 – Mar 1, 1974
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References (3)

Publisher
Emerald Publishing
Copyright
Copyright © Emerald Group Publishing Limited
ISSN
0048-3486
DOI
10.1108/eb055257
Publisher site
See Article on Publisher Site

Abstract

Since the time of Adam Smith, economists have grappled with the concept of human capital whilst more recently attempts have been made to assess the rate of return made on the investment in education and training. In the last few years considerable interest has been aroused by attempts to include people in the assets of a company, applying to them accounting conventions and assigning some value to the organization's employees. In the United States, William Pyle and his associates at the University of Michigan, backed by a growing Human Resource Accounting Association, have pioneered a particular method. The publication of the joint working party of the ACMA and IPM favoured a different approach. It is the intention of this paper to review the two approaches, highlighting their similarities and differences and to examine the criticisms that have been levelled against both. Finally, a possible solution will be suggested to the identified shortcomings.

Journal

Personnel Review – Emerald Publishing

Published: Mar 1, 1974

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