A Study on Method of Measuring Value of Human resource in Banks

With respect to the intensification of competition among companies, realization of importance of human resource by them as a strategic factor of organizations and need of management for information for decision- making, the issue of measuring value of human resource has gained attentions for many years. Human resource of an institute is a competitive edge of the present time and evaluation of these resources is of paramount importance in decision-making of institutes. As far as monetary criterion is concerned, the tool to measure human resource is human resource accounting. Attempt to measure activities related to creation of human capital will require the application of relevant and reliable tools. By employing human resource accounting, it would be possible to evaluate the investments proposed for human resource based on costing methods. Using historical cost models or human resource replacement model, it would be possible to measure and disclose us in accounting and management reports and basic financial statements. The present paper aims to present comprehensive information - including definition, history, importance, evaluation methods, and its special position - on human resource accounting (HRA), as one of the modern approaches in accounting. Meanwhile, by introducing human resource valuation models, we study possibility of measuring value of people working in banks, as an economic institution where human resource plays a crucial role and where information of HRA is used for decision-making of management, investment, etc. (Arash Tofangsaz, Hamidreza Vakilifard, Ghodratollah Talebnia, Marzieh Ghobadi Pour. A Study on Method of Measuring Value of Human resource in Banks. Life Sci J 2013;10(12s):58-68). (ISSN:1097-8135). http://www.lifesciencesite.com . 12