Important characteristic features of human resource accounting?

Answer 1

Human resource suggests a distinctive approach of managing human resources in competitive and varying environment which have the subsequent features:

• HRM Is a Management of an Individual: HRM is worried with people such as workers, supervisors, managers, departmental heads and other related top managers of management. For that reason, HRM is identified as the administration of human resource and their dedication towards effort.

• HRM Is a Continuous Process: HRM is not a fit concern to a certain extent it is an enduring process of managing people and their competencies. It is sustained till the closure of an organization. Each and every processes are involved in HRM should run continuously.

• HRM Is a vibrant utility: The principles and practices of HRM should not be unyielding. To a certain extent they should be vibrant because they are influenced by environmental factors. Employees should expand a restructured understanding and capability in the changing environment.

• HRM is a common utility: HRM is a worldwide function in the sagacity that it is relevant in every type of organization. The standards and practices are functional irrespective of magnitude, scenery, capacity and rationale of the business.

• HRM Is a Strategic Approach: HRM is recognized as strategic loom for organizational development which helps to gather together with the human resources in the organization to accomplish the declared objectives deliberately. All the management activities are prearranged in such a manner that they are consistent with competent and valuable to revolutionize in organizational plan by using required number of human resources.

• Incorporation of objectives: Employee requires convincing their individual goals primary while managers wish for accomplishing organizational goals prior to something else. For this reason HRM practices facilitate in combining individual and organizational objective into an outline. In consequence of that workforce is irritated in the direction of advanced work performance for triumph of organizational objective.

• HRM Is Future-oriented: HRM helps in appraising human resource necessity for future organizational opportunity which helps in influential future organizational objectives. Moreover helps employees to get the work completed in future.