Human resource accounting involves the tracking of all costs related to employees in a separate report. These costs include employee compensation, payroll taxes, benefits, training, and recruiting. Such an accounting system can be used to determine where human resources costs are especially heavy or light in an organization. This information can be used to redirect employees toward those activities to which they can bring the most value. Conversely, the report can be used to identify those areas in which employee costs are too high, which may lead to a reduction in force or a reallocation of staff away from those areas.” - accountingtools.com 

Analyze the relationship between these transactions and the success of your current or future business.

Answer rating: 100% (QA)

human resource accounting involves tracking of all costs related to employees in ... View the full answer