Study on the Impact of Human Resource Accounting (HRA) on Employee Satisfaction and Retention: A Study in the Hotel Sector of Chandigarh

Chetan Chauhan (), Sandeep Guleria and Shikha Sharma
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Chetan Chauhan: University Institute of Tourism and Hospitality Management, Chandigarh University, Research Scholar
Sandeep Guleria: University Institute of Tourism and Hospitality Management, Chandigarh University, Professor
Shikha Sharma: University Institute of Tourism and Hospitality Management, Chandigarh University, Associate Professor

A chapter in Proceedings of the International Conference on Innovation and Regenerative Trends in Tourism and Hospitality Industry (IRTTHI 2024), 2024, pp 465-483 from Springer

Abstract: Abstract The investigation examines the impact of Human Resource Accounting (HRA) on employee satisfaction and tenure within establishments. It examines the correlation between the execution of HRA strategies and the perceived significance employees attribute to their contributions to the organization. A blended-methods strategy, integrating both numerical and qualitative information, was implemented within the Hotel domain of the Chandigarh area. The discoveries unveiled a favorable connection between HRA execution and worker contentment, indicating that measuring human resources amplifies employees’ perception of being esteemed, thus resulting in increased retention rates. The exploration additionally emphasized the importance of demographic elements in shaping organizational retention approaches, with professional advancement, work pressure, and compensation being crucial to employee contentment. Notwithstanding its geographical and industry constraints, the investigation provides empirical perspectives into the advantages of HRA for HR administration, emphasizing the indispensability of its meticulous incorporation into current systems for efficient Human management.

Keywords: Human Resource Accounting; Employee Satisfaction; Employee Retention; Organizational Strategy; Workforce Management; Demographic Factors (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:spr:advbcp:978-94-6463-437-2_32

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DOI: 10.2991/978-94-6463-437-2_32

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