Human Resource Accounting (HRA) to Evaluate Human Capital among Degree College Teachers in Thane District

Human resource accounting (HRA) is the process of identifying investments and reporting made in the human resources of an organization that are presently unaccounted for in the conventional accounting practice. Behind every successful man, there will be women vice versa like that every successful organization depends upon peoples who strive common objective. Human resource accounting approaches were first developed in 1691. Teachers play an important role in the development of the nation. Teachers are making the foundation of our future society. Teachers play an important role for the next generation. After our parent's Teachers are a very important part of every student. Teachers are built the pillars of the nation. Colleges also depend upon teaching and non-teaching staff but measure responsibility comes upon a teacher who is one of the important sources of students' knowledge, learning, Teachers develop students' behavior and making good person. Teachers' role in the growth of institutions and nations, therefore, need to develop a system to value them as an asset. This paper aims at studying the concept of quantifying and accounting for Human assets in an educational institution that helps to development of the Education Institution and society. For this study five colleges namely College A, College B, College C, College D, College E have been studied. A questionnaire was used to obtain the opinion of the teachers on this concept. Here non-parametric test like the Chi-square test, a statistical tool, is used to prove the hypothesis. The test will be a positive impact on the productivity of the teacher and the goodwill of the Institution.