Human Capital Management | MBA 3rd Sem | JNTUK

Syllabus

EH-304

Human Capital Management

Unit I: Economic Theories of Human Capital: Nature and Role of Human Capital; The Human Capital Model; Predictions of Human Capital Approach; Socio-Economic Relevance of Labour Problems in Changing Scenario; Evolution of Organized Labour; Industrialization and Development of Labour Economy; Growth of Labour Market in India in the Globalised Stetting.

Unit II: Accounting Aspects of Human Capital – Cost Based Models: Meaning, Basic Premises, Need and Significance of HRA, Advantages and Limitation of HRA; Monetary and Non-Monetary Models; Cost Based Models- Acquisition Cost Method, Replacement Cost Model, Opportunity Cost Method, Standard Cost Method, Current Purchasing Power Method (C.P.P.M.); Comparison of Cost Incurred on Human Capital and the Contributions Made by them in the Light of Productivity and Other Aspects.

Unit III: Accounting Aspects of Human Capital – Value Based Models: Value Based Models - Hermanson‘s Unpurchased Goodwill Method, Hermanson‘s Adjusted Discount Future Wages Model, Lev and Schwartz Present Value of Future Earnings Model, Flamholtz‘s Stochastic Rewards Valuation Model, Jaggi and Lau‘s Human Resource Valuation Model, Robbinson‘s Human Asset Multiplier Method, Watson‘s Return on Effort Employed Method, Brummet, Flamholtz and Pyle‘s Economic Value Method of Group Valuation, Morse‘s Net Benefit Method; Recent Developments in the Field of Human Asset/Capital Accounting.

Unit IV: Quality of Work Life: Worker‘s Participation in Management - Worker‘s Participation in India, Shop Floor, Plant Level, Board Level- Quality Circles. Worker‘s Education Objectives-Rewarding. Employees Engagement and Empowerment – Nature – Types – Drivers – Benefits – Measurement of Engagement-Empowerment.

Unit V: Industrial Accidents and Safety: Meaning and Definition of Accident-Types of Industrial Accidents-Cost and Consequences-Causes and Prevention of Accidents- Industrial Safety–Statutory Machineries for Industrial Safety-Safety Audit. Social Security: Introduction and Types –Social Security in India, Health and Occupational Safety Programs- Work Place Discipline –Work Place Counselling-Meaning–Definition–Types-Advantages-Characteristics of an Effective Counsellor.