Study on the Impact of Human Resource Accounting (HRA) on Employee Satisfaction and Retention: A Study in the Hotel Sector of Chandigarh

DOI

10.2991/978-94-6463-437-2_32How to use a DOI?

Keywords

Human Resource Accounting; Employee Satisfaction; Employee Retention; Organizational Strategy; Workforce Management; Demographic Factors

Abstract

The investigation examines the impact of Human Resource Accounting (HRA) on employee satisfaction and tenure within establishments. It examines the correlation between the execution of HRA strategies and the perceived significance employees attribute to their contributions to the organization. A blended-methods strategy, integrating both numerical and qualitative information, was implemented within the Hotel domain of the Chandigarh area. The discoveries unveiled a favorable connection between HRA execution and worker contentment, indicating that measuring human resources amplifies employees’ perception of being esteemed, thus resulting in increased retention rates. The exploration additionally emphasized the importance of demographic elements in shaping organizational retention approaches, with professional advancement, work pressure, and compensation being crucial to employee contentment. Notwithstanding its geographical and industry constraints, the investigation provides empirical perspectives into the advantages of HRA for HR administration, emphasizing the indispensability of its meticulous incorporation into current systems for efficient Human management.

Copyright

© 2024 The Author(s)

Open Access

Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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TY  - CONF
AU  - Chetan Chauhan
AU  - Sandeep Guleria
AU  - Shikha Sharma
PY  - 2024
DA  - 2024/06/13
TI  - Study on the Impact of Human Resource Accounting (HRA) on Employee Satisfaction and Retention: A Study in the Hotel Sector of Chandigarh
BT  - Proceedings of the International Conference on Innovation and Regenerative Trends in Tourism and Hospitality Industry (IRTTHI 2024)
PB  - Atlantis Press
SP  - 465
EP  - 483
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-437-2_32
DO  - 10.2991/978-94-6463-437-2_32
ID  - Chauhan2024
ER  -