HUMAN RESOURCE ACCOUNTING AND PERFORMANCE (WORK ENGAGEMENT) OF CIVIL SERVANTS IN LAGOS STATE, NIGERIA

Abstract

Human Resource Accounting (HRA) refers to the measurement of the financial value of the human assets in an organization. The need to examine the relationship between HRA and operational performance indices in literature found to be suffering from a dearth of study necessitated this study. The main objective of the study was to examine the effect of human resource accounting on performance. The effect of HRA-acquisition costs on performance was examined. The effect of HRA-learning costs on performance was investigated; the effect of HRA-maintenance costs on performance was also examined. Primary and secondary data were used for the study. Simple random and purposive sampling was used to select one hundred and forty five (145) respondents. Ordinary Least Square Regression analysis was used to analyze all objectives of the study. The indices of HRA-Acquisition, Learning and Maintenance costs all exert positive and significant effect on employee engagement to work. The indices of HRA-costs collectively have positive and significant effect on performance of the respondents. The study concluded that HRA affects organizational performance positively and significantly and it stimulates employee to engagement. The study recommends that there should be improved investment of costs on requisite acquisition, adequate learning and maintenance of employees to enhance their performance.