Appraisal of Human Resource Accounting on Profitability of Corporate Organization

Ezejiofor Raymond Asika; John-Akamelu Racheal Chitom; Iyidiobi Felicia Chelichi

doi:doi:10.11648/j.eco.20170601.11

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Appraisal of Human Resource Accounting on Profitability of Corporate Organization

Ezejiofor Raymond Asika, John-Akamelu Racheal Chitom, Iyidiobi Felicia Chelichi

Received: 11 February 2017 Accepted: 22 February 2017 Published: 28 March 2017

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Abstract

This study is to determine the adoption of Human Resource Accounting (increase in staff salary, increment in staff and staff retirement benefits) on the Profitability of Corporate Organizations. Specifically, the study sought; to determine the extent at which increase in staff salary has affected organizational profitability; to ascertain if the increment in staff has contributed positively on organizational profitability and to evaluate the extent at which staff retirement benefits has effect on organizational profitability. Research questions and hypotheses were formulated in line with the objectives of the study. Exploratory research design and time series data were adopted for this study. Data for the study were collected from selected ten (10) commercial banks in Nigeria. Data collected were analyzed and tested with t-test statistical tool with aid of SPSS version 20.0 version. The study revealed that the study revealed that increase in staff salary has positive effect on organizational profitability, also that the level of increment in staff has influence on organizational profitability. Another finding is that staff retirement benefits have positive effect on organizational profitability. The study recommends among other things that the relevant authorities should look into coming up with a financial reporting standard on human resource activities. Also that organization should enhance the retention of education and training on staff so as to avert wastage of knowledgeable investment.

DOI	10.11648/j.eco.20170601.11
Published in	Economics (Volume 6, Issue 1, February 2017)
Page(s)	1-10
Creative Commons	This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited.
Copyright	Copyright © The Author(s), 2024. Published by Science Publishing Group

Keywords

Human Resource Accounting, Corporate Organization, Commercial Banks, Profitability and Staff Welfare

References

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APA Style

Ezejiofor Raymond Asika, John-Akamelu Racheal Chitom, Iyidiobi Felicia Chelichi. (2017). Appraisal of Human Resource Accounting on Profitability of Corporate Organization. Economics, 6(1), 1-10. https://doi.org/10.11648/j.eco.20170601.11

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ACS Style

Ezejiofor Raymond Asika; John-Akamelu Racheal Chitom; Iyidiobi Felicia Chelichi. Appraisal of Human Resource Accounting on Profitability of Corporate Organization. Economics. 2017, 6(1), 1-10. doi: 10.11648/j.eco.20170601.11

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AMA Style

Ezejiofor Raymond Asika, John-Akamelu Racheal Chitom, Iyidiobi Felicia Chelichi. Appraisal of Human Resource Accounting on Profitability of Corporate Organization. Economics. 2017;6(1):1-10. doi: 10.11648/j.eco.20170601.11

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@article{10.11648/j.eco.20170601.11,
  author = {Ezejiofor Raymond Asika and John-Akamelu Racheal Chitom and Iyidiobi Felicia Chelichi},
  title = {Appraisal of Human Resource Accounting on Profitability of Corporate Organization},
  journal = {Economics},
  volume = {6},
  number = {1},
  pages = {1-10},
  doi = {10.11648/j.eco.20170601.11},
  url = {https://doi.org/10.11648/j.eco.20170601.11},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.eco.20170601.11},
  abstract = {This study is to determine the adoption of Human Resource Accounting (increase in staff salary, increment in staff and staff retirement benefits) on the Profitability of Corporate Organizations. Specifically, the study sought; to determine the extent at which increase in staff salary has affected organizational profitability; to ascertain if the increment in staff has contributed positively on organizational profitability and to evaluate the extent at which staff retirement benefits has effect on organizational profitability. Research questions and hypotheses were formulated in line with the objectives of the study. Exploratory research design and time series data were adopted for this study. Data for the study were collected from selected ten (10) commercial banks in Nigeria. Data collected were analyzed and tested with t-test statistical tool with aid of SPSS version 20.0 version. The study revealed that the study revealed that increase in staff salary has positive effect on organizational profitability, also that the level of increment in staff has influence on organizational profitability. Another finding is that staff retirement benefits have positive effect on organizational profitability. The study recommends among other things that the relevant authorities should look into coming up with a financial reporting standard on human resource activities. Also that organization should enhance the retention of education and training on staff so as to avert wastage of knowledgeable investment.},
 year = {2017}
}

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TY  - JOUR
T1  - Appraisal of Human Resource Accounting on Profitability of Corporate Organization
AU  - Ezejiofor Raymond Asika
AU  - John-Akamelu Racheal Chitom
AU  - Iyidiobi Felicia Chelichi
Y1  - 2017/03/28
PY  - 2017
N1  - https://doi.org/10.11648/j.eco.20170601.11
DO  - 10.11648/j.eco.20170601.11
T2  - Economics
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AB  - This study is to determine the adoption of Human Resource Accounting (increase in staff salary, increment in staff and staff retirement benefits) on the Profitability of Corporate Organizations. Specifically, the study sought; to determine the extent at which increase in staff salary has affected organizational profitability; to ascertain if the increment in staff has contributed positively on organizational profitability and to evaluate the extent at which staff retirement benefits has effect on organizational profitability. Research questions and hypotheses were formulated in line with the objectives of the study. Exploratory research design and time series data were adopted for this study. Data for the study were collected from selected ten (10) commercial banks in Nigeria. Data collected were analyzed and tested with t-test statistical tool with aid of SPSS version 20.0 version. The study revealed that the study revealed that increase in staff salary has positive effect on organizational profitability, also that the level of increment in staff has influence on organizational profitability. Another finding is that staff retirement benefits have positive effect on organizational profitability. The study recommends among other things that the relevant authorities should look into coming up with a financial reporting standard on human resource activities. Also that organization should enhance the retention of education and training on staff so as to avert wastage of knowledgeable investment.
VL  - 6
IS  - 1
ER  -

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Author Information

Ezejiofor Raymond Asika

Department of Accountancy, Faculty of Management Sciences, Nnamdi Azikiwe University, Awka, Nigeria
John-Akamelu Racheal Chitom

Department of Entrepreneur Studies Unit, Faculty of Management Sciences, Nnamdi Azikiwe University, Awka, Nigeria
Iyidiobi Felicia Chelichi

Department of Accountancy, Faculty of Business Studies, Enugu State University of Science and Technology, Enugu, Nigeria

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APA Style

Ezejiofor Raymond Asika, John-Akamelu Racheal Chitom, Iyidiobi Felicia Chelichi. (2017). Appraisal of Human Resource Accounting on Profitability of Corporate Organization. Economics, 6(1), 1-10. https://doi.org/10.11648/j.eco.20170601.11

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ACS Style

Ezejiofor Raymond Asika; John-Akamelu Racheal Chitom; Iyidiobi Felicia Chelichi. Appraisal of Human Resource Accounting on Profitability of Corporate Organization. Economics. 2017, 6(1), 1-10. doi: 10.11648/j.eco.20170601.11

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AMA Style

Ezejiofor Raymond Asika, John-Akamelu Racheal Chitom, Iyidiobi Felicia Chelichi. Appraisal of Human Resource Accounting on Profitability of Corporate Organization. Economics. 2017;6(1):1-10. doi: 10.11648/j.eco.20170601.11

Copy | Download

@article{10.11648/j.eco.20170601.11,
  author = {Ezejiofor Raymond Asika and John-Akamelu Racheal Chitom and Iyidiobi Felicia Chelichi},
  title = {Appraisal of Human Resource Accounting on Profitability of Corporate Organization},
  journal = {Economics},
  volume = {6},
  number = {1},
  pages = {1-10},
  doi = {10.11648/j.eco.20170601.11},
  url = {https://doi.org/10.11648/j.eco.20170601.11},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.eco.20170601.11},
  abstract = {This study is to determine the adoption of Human Resource Accounting (increase in staff salary, increment in staff and staff retirement benefits) on the Profitability of Corporate Organizations. Specifically, the study sought; to determine the extent at which increase in staff salary has affected organizational profitability; to ascertain if the increment in staff has contributed positively on organizational profitability and to evaluate the extent at which staff retirement benefits has effect on organizational profitability. Research questions and hypotheses were formulated in line with the objectives of the study. Exploratory research design and time series data were adopted for this study. Data for the study were collected from selected ten (10) commercial banks in Nigeria. Data collected were analyzed and tested with t-test statistical tool with aid of SPSS version 20.0 version. The study revealed that the study revealed that increase in staff salary has positive effect on organizational profitability, also that the level of increment in staff has influence on organizational profitability. Another finding is that staff retirement benefits have positive effect on organizational profitability. The study recommends among other things that the relevant authorities should look into coming up with a financial reporting standard on human resource activities. Also that organization should enhance the retention of education and training on staff so as to avert wastage of knowledgeable investment.},
 year = {2017}
}

Copy | Download

TY  - JOUR
T1  - Appraisal of Human Resource Accounting on Profitability of Corporate Organization
AU  - Ezejiofor Raymond Asika
AU  - John-Akamelu Racheal Chitom
AU  - Iyidiobi Felicia Chelichi
Y1  - 2017/03/28
PY  - 2017
N1  - https://doi.org/10.11648/j.eco.20170601.11
DO  - 10.11648/j.eco.20170601.11
T2  - Economics
JF  - Economics
JO  - Economics
SP  - 1
EP  - 10
PB  - Science Publishing Group
SN  - 2376-6603
UR  - https://doi.org/10.11648/j.eco.20170601.11
AB  - This study is to determine the adoption of Human Resource Accounting (increase in staff salary, increment in staff and staff retirement benefits) on the Profitability of Corporate Organizations. Specifically, the study sought; to determine the extent at which increase in staff salary has affected organizational profitability; to ascertain if the increment in staff has contributed positively on organizational profitability and to evaluate the extent at which staff retirement benefits has effect on organizational profitability. Research questions and hypotheses were formulated in line with the objectives of the study. Exploratory research design and time series data were adopted for this study. Data for the study were collected from selected ten (10) commercial banks in Nigeria. Data collected were analyzed and tested with t-test statistical tool with aid of SPSS version 20.0 version. The study revealed that the study revealed that increase in staff salary has positive effect on organizational profitability, also that the level of increment in staff has influence on organizational profitability. Another finding is that staff retirement benefits have positive effect on organizational profitability. The study recommends among other things that the relevant authorities should look into coming up with a financial reporting standard on human resource activities. Also that organization should enhance the retention of education and training on staff so as to avert wastage of knowledgeable investment.
VL  - 6
IS  - 1
ER  -

Copy | Download