What methods do you use for HR accounting?

What methods do you use for HR accounting?

Human resource accounting can be done in many ways which includes

a. Actual Cost Method: This method measures the organization’s investment in employees using the five parameters: recruiting, acquisition; formal training and, familiarization; informal training, Informal familiarization; experience; and development.

b. Expense model: This model focuses on attaching rupee estimates to the behavioral outcomes produced by working in an organization. Criteria such as absenteeism, turnover, and job performance are measured using traditional organizational tools, and then costs are estimated for each criterion.

c. Cost benefit method: In this method one can calculate total estimated benefit which is given by employee to organization and then calculate the total value of benefits which is give by organization to employee and its difference is surplus which is real value of human resource asset.