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ABSTRACT
In recent days a number of industries become sick and faces the problem of insolvency and bankruptcy due to inappropriate planning and execution of business policies. It might be leading employee turn-over and degradation of product and services that ultimately shut down the establishment. To increase organizational sustainability and increased organizational turnover, a combination of traditional strategies and latest accounting techniques like Cost-Volume-Profit, Zero-Based Budgeting, Systematic Recruitment and Human Resource Accounting may be considered so that HR cost and HR investment optimizes the Human Resource's R performances in such a way so that the decisions made by policy planner gives an outstanding out-puts which works building block for effective growth to the organization.
Keywords: Psychic Care, ZBB, Lease-Buy, cost-volume-profit
INTRODUCTION
To increase organizational viability and increased organizational turnover, a combination of traditional strategies and latest accounting techniques like Cost-Volume-Profit, Zero-Based Budgeting, Human Resource Accounting may be considered so that HR cost and HR investment optimizes the HR performances in such a way so that the Recruitment decisions gives a competitive advantage to the organization on constant basis Figure1A & Figure 1B.
In current days a number of organizations facing themselves in trouble in dealing the issues of improper supply of capital which reflects a negative impact in managing their functional planning and practices as per their short term as well as long term goals, and in some exceptional cases, survival of the firm too. A major role plays in now a day, inappropriate strategic planning including the time value of money as in the We plan and control our capital projects and their associated costs with care and attention if PERT & CPM, (Figure 2) but perhaps we need much more care to plan for our much more risky projects like the recruitment and training and development over the years to develop our future managers from within.
Relevant HR Cost for decision making
Besides the actual cost figures as maintained by the accountants, we build up relevant cost for decision making purposes in areas like production, marketing and finance. We evaluate alternatives like making a product on our own or decide to buy it from an outside supplier based on their relevant costs. Once we could assess and build up the HR investments...