Экономические науки/5. Управление трудовыми ресурсами

 

Yessengeldi A.

Al-Farabi Kazakh National University, Kazakhstan

Human resources as an important asset of the company

 

The development of the leading countries of the world led to the formation of the new economy - the economy of knowledge, innovation, global information systems, new technologies and business venture. The main part of the new economy is human capital, which is the main driving force of economic and social development of contemporary society.

Changing the role of human capital and its transformation from a cost factor to the main productive and social factors has led to the need for the formation of a new development paradigm. As part of a new paradigm of development and human capital of the world community took the lead in the national wealth (up to 80% in developed countries).

It is particularly important to find and use the most effective ways of achieving them for Kazakhstan. Further progress of Kazakhstan economy is mainly due to the effective use of human resources.

The problem of efficient use of human resources is a problem not only for Kazakhstan, but for all the world's economies. Indeed, the present stage of using  scientific and technological achievements and innovative technology is characterized by the fact that human factor is very important. This means that the successful development of primary economy is largely dependent on the quality of its intellectual resources of the state and of the quality of staff. An important condition for achieving this is to improve the state of the organization and development of human resources management mechanism of enterprises.

One of the main components of the future development of the industry to a new level is to mobilize the potential of the staff and the efficiency of its use. This imposes certain requirements for personnel management system, initiative and enterprise of the latter. In companies the lack of experience for effective personnel management system, which in a competitive environment could adequately respond to the changes taking place both in domestic and foreign media organizations.

The success of the leading firms in the developed countries is related to the creation of highly efficient mechanisms of human resources management at the organizational level, which form the basis of a comprehensive, strategic approach to the use and development of labor potential.

First, we should emphasize that the widely used term «human resources» take and use in all countries, because they believe that fundamentally wrong to equate people, or employees of the organization to management resources [1]. But this is a purely socio-psychological approach. In economic terms, the concept of «human resources» is quite acceptable and accurately reflects one of the major sources for constructing and maintaining business process. Human resources just as financial and material resources used in the production process. At the same time human resources have common properties with other resources, foremost among which is their usefulness, scarcity, and the level of value (for money-capital, for example, its market value, and for human resources - quality composition).

Nowadays, the main disputes about what they manage - human resources or human capital.

Theodore Schultz, who first spoke of the «human capital» rightly, argued that «all human resources and capabilities are either congenital or acquired. Everyone is born with an individual set of genes determining his innate human potential. Acquired valuable human qualities that can be amplified corresponding attachments, we call human capital» [2]. However, Schultz is not talking about what manage - human resources or human capital.

Human capital - is an individual membership. Everyone learns in the course of life, takes a variety of skills, etc., and acquires valuable qualities. However, to a certain time, he cannot enter into an employment relationship does not fall under the control of someone. Therefore, human capital has a place, but it is some time remained neutral in terms of production, without being subject to control. [3]

Increasing the level of human capital of an individual is not always related to the management, but no doubt that human resources management involves a certain impact of the individual, which resulted in an increase in its human capital. The individual can independently raise their human capital, which cannot be used in the course of social and community activities. For example, knowledge of a foreign language cannot be useful in the workplace. That is only used in the management of the human capital. Thus, we can say that the production process is carried out human resource management, rather than human capital.

So, we can formulate the concept of «human resources» as follows: human resources - people who have a certain human capital. For various business entities requires people with a different set of human capital. For society in general, human resources - a population of working age, with the existing level of human capital.

In the process of human resource management is necessary to decide on the amount of investment in the formation, use and development of human resources based on the economic feasibility of such investments.

Next, consider the human resources - as one of the major assets of the companies. In modern practice, accounting for investments in human resources are considered more as expenses rather than assets, which distorts the rate of return on invested resources.

International Financial Reporting Standards treat assets as controlled company resources on which the company expects economic benefits in the future. International Standards have three essential attributes recognition of assets of the organization:

- The likelihood of economic benefits;

- Accountability on the part of companies;

- The origin of the transactions and other events of the past periods.

However, this approach to the recognition of human resources as an asset of the company is controversial among economists. One of the stumbling blocks is the issue of evidence and objective confirmation of the expected economic benefits of human resources as an asset. [4]

According to International Financial Reporting Standards the future economic benefits embodied in the asset - is a potential that will directly or indirectly in the cash flow of the company. The company will receive the economic benefits of the assets if the assets can be:

- Used alone or in combination with other assets in the production of goods and services sold by the company;

- Exchanged for other assets;

- Used for repayment of liabilities;

- To distribute among the owners of the company.

It is unlikely that the company will receive economic benefits from the exchange of human resources for other assets or use them to pay off obligations. Especially human resources cannot be distributed among the owners of the company. At the same time, the company can gain economic benefits from the use of human resources in the production of goods (works, services). [5]

From this position we agree, when company invests in human resources they expects to receive feedback from them. This is especially true of areas such as the activities of audit and consulting, modeling, advocacy, professional sports, where a man plays a significant role in the economic activity of subjects. Sports clubs buy and sell rights to certain athletes, and the sum of acquisition costs only one player shall be calculated in millions of dollars.

In my opinion, from the view of the probable future economic benefits from human resources, it can be considered an asset of the company, as they are a major factor in its success and a source of profit. In the process of recruitment, training and retraining of employees is necessary to aim at research and objective measurement of the potential economic benefits of the use of human resources.

One of the essential characteristics of any asset - control over them by the company. Control is the ability of the company to benefit from the use of controlled assets or restrict the rights of others to use these benefits. Note that the issue of control is closely related to legal ownership.

Opponents of this idea believe that the company has no ownership to the person; the human resources should not be reflected in the account and the balance sheet as an asset. However, the international accounting practice in determining the existence of the right of ownership of the asset is not paramount. Most of the assets are under the control of the economic entities when asset management is carried out not on the basis of legal ownership and possession from the position of recoverable economic benefits [6].

So, we can assume that, although a person cannot be the object of property relations of the company with the staff generally is stable.

The third and perhaps the main criterion for recognizing the company's assets is their objective assessment. Assets are considered only those economic resources that can be estimated in monetary terms. Therefore, I believe that human resources should be recorded and the statements as an intangible asset (because they are not identified as an asset) and as part of the business reputation of the organization.

Goodwill as an accounting category is formed by the business combination and represents payments made to the company-buyer in anticipation of future economic benefits from assets that cannot be individually identified and separately recognized. By purchasing a business, the acquirer pays not only for assets that are recorded in the organization, but for specially trained people able to work efficiently and increase the profit of the acquired company. The future economic benefits may be derived from synergies between the identifiable assets acquired and human resources, for which the buyer is willing to pay when purchasing organization.

 

Literature:

1.  Бодди Д., Пэйтон Р. Основы менеджмента. СПб.: Питер, 1999, с.55

2.  Jac Fitz-enz. Human capital: how to measure and increase its value finansy.ru/st

3.  Корчагин Ю.А. Человеческий капитал и процессы развития на макро - и микроуровнях. - Воронеж, 2010.

4.  Canning J.B. The Economics of Accountancy. N.Y.: Ronald Press, 1929.

5.  Eldon S. HendriksenMichael F. Van Breda, Accounting theory, Irwin, 1992 – 905.

6.  Агеева О.А. Требования к формированию отчетности по МСФО // Бухгалтерский учет. 2006. № 14, с. 51-57.