Staffing

Progressive employers and senior managers all over the word often say that people are their most important resource or asset. Yet this is never found to appear as a distinct item in the balance sheet of their business. It is for this reason that Renesis Likert and his associates suggested the necessity for "Human Resource Accounting". Instead of going into the complexities of accounting. we would like to emphasize here that staffing is a crucial function of managers which can decide the success or failure of an enterprise.