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

In: Proceedings of the International Conference on Innovation and Regenerative Trends in Tourism and Hospitality Industry (IRTTHI 2024)

Author

Listed:
  • Chetan Chauhan

    (University Institute of Tourism and Hospitality Management, Chandigarh University, Research Scholar)

  • Sandeep Guleria

    (University Institute of Tourism and Hospitality Management, Chandigarh University, Professor)

  • Shikha Sharma

    (University Institute of Tourism and Hospitality Management, Chandigarh University, Associate Professor)

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.

Suggested Citation

  • Chetan Chauhan & Sandeep Guleria & Shikha Sharma, 2024. "Study on the Impact of Human Resource Accounting (HRA) on Employee Satisfaction and Retention: A Study in the Hotel Sector of Chandigarh," Advances in Economics, Business and Management Research, in: Manish Sharma & Ajit Kumar Singh & Pankaj Tyagi (ed.), Proceedings of the International Conference on Innovation and Regenerative Trends in Tourism and Hospitality Industry (IRTTHI 2024), pages 465-483, Springer.
    • Handle: RePEc:spr:advbcp:978-94-6463-437-2_32
    DOI: 10.2991/978-94-6463-437-2_32
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