Importance of HR Accounting

There is no undermining the value of Human Resource in any organisation. To quote Narayan Murthy founder of the IT giant Infosys, “My assets are not the buildings, the business or foreign contact. My assets walk out of the gate every evening and I wait for them to come back to me the next morning.”

Human Resource is the greatest asset of any organization, and like any other asset you need to account for it. This is particularly true in service-based organizations where instead of a tangible product there’s an intangible product (i.e., service to offer), and hence the conduct and approach of the employees assumes greater importance. Human Resource Accounting (HR Accounting) may be a new term for a lot of small businesses since most view their employees as assets but forget that there is a real tangible cost associated with obtaining these assets and well as maintaining the assets to ensure a long and loyal life.

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Difficult People at Work?

Whether we like it or not, all those working in an office setting have to deal with office politics and difficult people at work. After all, we can’t always choose with whom we work, so we just need to find a way to co-exist with people we don’t like or with whom we can’t get along. The vital question is, “How can one do that?” So, here are some tips that can help you find the right answer.

Introspect
I know it doesn’t sound like the best piece of advice. After all, we’re supposed to discuss how to handle people whom you have already acknowledged as difficult, right? But the fact is that often it is our own reaction to people who are different from us that makes us see them as “difficult.” It is therefore important we examine our own reactions and behavior objectively to figure out if at all we are the ones who are overeating.

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