Conclusion

This book has focused on applying finance and accounting principles to HR management systems. From that perspective, it is a technical book.

More often than not, the soft side of human resources is emphasized in practice. But HR management has a harder side, too. This book has attempted to explain the hard side, with an emphasis on the compensation and benefit function.

As discussed at the beginning of this book, the discipline of HR management has multidisciplinary underpinnings. The HR profession is guided by influences from psychology, economics, sociology, philosophy, mathematics, and statistics, as well as from accounting and finance. Many stakeholders suggest that accounting and finance are the languages of business and organizations. ...

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