resource accounting framework - needs innovative approaches

the basics of resource accounting largely rests on the business objectives. this is no different for human resource as well.however hr accounting in a way needs unique systems for measurement and scales. cost is one common factor; often factored as CTC or valued gross remuneration or atleast salaries and benefits. so also headcount numbers, turnover and absenteesm. all these can be combined as Full Time Equivalent -FTE and FTE Cost. Nett FTE is a strong and valid indicator of utilisation and a valid scale for measuring functional performance, be it Sales, Production, Profit OR even Loss. The correlation can give an interesting scenario for many strategic initiatives involving people. At the other end of accounting, what is very slippery is Talent, Governance, and Community needs. For eg, employees are the only resource that holds potential to appreciate over time. What we need is a valid scale to measure Talent development, retension and utilisation. That way we can enhance FTE value ,through compounding, across fixed time spans of business cycles. Similarly Employee Brand if measured can provide Brand Equity value, untangible, but valid. Quantification is a challenge; but Community perception if measured through an independent agency can help a credible evaluation.