Author: Piyush Nandeshwar & Dr. Malhar Kolhatkar
DOI Link: https://doi.org/10.70798/Bijmrd/04021021
Abstract: As we all know, human resources are a major resources and success of any organisation, and their value and contribution towards productivity is never valued within the conservative accounting cycles. The A Critical Analysis of Human Resource Accounting and Auditing in Enhancing Orgianisational Productivity: The Nagpur Experience Human Resource Accountng (HRA) and Auditing provide techniques that are methodological to measure, report, and estimate the value of human capital, which provide the information regarding the performance, development and efficiency of workforce in organizations. It is based on a critical analysis of why and how HRA and HR auditing is important and critical towards encouraging organisational productivity in Nagpur area between 2012-2022. The research will be based on the descriptive and analytic research design, which implies the use of primary data collected in the form of interviews with managers, HR professionals, and auditors working in different sectors, as well as being supplemented with secondary data that will be contained in annual reports, policy documents, and academic literature. In a bid to quantify the association amid human resource valuation practices and performance indicators in organisations, statistical analysis is applied including the descriptive measures and correlation tests. The findings reveal that organisations that use structured HRA and HR auditing methods are more payable, better in the decision making process of workforce management and enhancement on strategic matching of human capital with organisations interests. These benefits notwithstanding, the absence of unified valuation methods, absence of awareness and organisational resistance is named as detriment to widespread use. According to the research paper, metrics of human capital must be entrenched into the strategic planning strategy and accounting models so that one may enjoy long-term productivity growth. It is also important to academic literature and managerial practice because it gives the ideal best practices, gaps and policy recommendations to effective human resource accounting and auditing in Indian organisations.
Keywords: Human Resource Accounting, Human Resource Auditing, Organisational Productivity, Human Capital Valuation, Workforce Efficiency, Strategic Human Resource Management, Nagpur Region, Employee Performance, HR Metrics, Productivity Enhancement.
Page No: 108-117