Human Resource Accounting.

Abstract

Human Resource Accounting means accounting for people as an organizational asset. It is the measurement of the cost and value of people to the organization. In the Portuguese Navy, budgets are roughly 60% devoted to manpower and 40% to material. The Navy onboard strength is about 15,000 men, 12,000 sailors and 3,000 marines. The manpower policy is conducted by the Personnel Department with several branches, one for officers, another for petty-officers and seamen, and yet some others like Training, Welfare and Health Support branches. The Navy as an organization is personnel intensive and the Navy management has been increasingly aware of the significance of manpower policies and their corresponding costs. The goal of this thesis is to help the Portuguese Navy in formulating a formal and coherent approach to its human resource accounting, and in so doing, allow its management to realize the extent of loss and damage that can hurt the organization if the human resource assets are not addressed. This thesis concludes with a tentative application of the normative economic valuation models to a sector of the Portuguese Navy.

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