• ISSN: 2010-023X
    • Frequency: Bimonthly
    • DOI: 10.18178/IJTEF
    • Editor-in-Chief: Prof.Tung-Zong (Donald) Chang
    • Executive Editor: Ms. Cherry L. Chen
    • Abstracting/ Indexing: Engineering & Technology Digital Library, ProQuest, Crossref, Electronic Journals Library, DOAJ , EBSCO, and Ulrich's Periodicals Directory
    • E-mail: ijtef@ejournal.net
IJTEF 2010 Vol.1(4): 342-344 ISSN: 2010-023X
DOI: 10.7763/IJTEF.2010.V1.60

Human Resource Financial Management

Anupa Chaudhary and Sumit Prasad
Abstract—Need for this paper for identifying a new dimension beyond Human Resource Management (HRM) and Financial Management (FM), by superimposing the effect of HRM and FM. Human Resource, an asset to the organization, can appreciate with time, only when provided adequate input. Money spends in doing so is now considering as an investment, which was previously considered as expenditure. Commitment from the top management for the investment in the human development activities is increasing continuously, but still sometimes this proposal is questioned. Even till now, this proposal is subjected to the condition of the business, which is being withdrawn considering it as a cost-minimizing strategy, without considering any other factors. This paper is having its prime focus in developing a new discipline which can serve the purpose of strengthening the proposal for investment in human resource and develop a model which can quantify it.

Index Terms—Financial Management (FM), Human Resource Accounting (HRA), Human Resource Management (HRM), Wealth maximization.

Anupa Chaudhary is with the Amrapali Institute of Technology and Sciences, Haldwani -263139, Uttarakhand, India (phone: +919760174324; e-mail: anupa.chaudhary@gmail.com).
Sumit Prasad is with the Amrapali Institute of Technology and Sciences, Haldwani- 263139, Uttarakhand India (e-mail: sumitprasad_coer85@yahoo.co.in).

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Cite:Anupa Chaudhary and Sumit Prasad, "Human Resource Financial Management," International Journal of Trade, Economics and Finance vol.1, no.4, pp. 342-344, 2010.

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