Do Human Resources have more Value than the Cost incurred on them by the Organisation? An Empirical Analysis of Infosys Ltd. using Contribution-Based Model

Authors

  • Mukesh Kumar Meena univesity of delhi
  • Vijay Kumar Shrotryia
  • Ajay Kumar Singh

DOI:

https://doi.org/10.51245/rijbr.v6i1.2021.354

Keywords:

Human Resource Accounting, Employee Contribution, Service Sector, Cost of Employees, Value of Employees

Abstract

Employees always play an important role in the service sector. For this study, we have selected Infosys Ltd. as a leading company in the IT sector. The study’s objective is to analyze the expenditure incurred by Infosys Ltd. on their employees and the value of employees’ contribution to Infosys Ltd. using the Human Resources Information System (HRIS), a contribution-based model that consists of 13 variables. Out of the 13 variables, 09 variables are monetary. We have collected data from the latest financial reports of Infosys Ltd. and the Reserve Bank of India’s database for eight monetary variables. Four out of 13 variables are non-monetary for which data have been collected with the help of a standardized questionnaire using 5 points Likert scale. Based on the responses received from 119 employees of Infosys Ltd. and by analyzing data we conclude at both the individual and organization levels that there is a difference between the expenditure incurred by Infosys Ltd. on their employees in total and the Value of all employees’ contribution as an individual and as a group towards Infosys Ltd. This means that the employees’ contributions both individually and collectively are much more than the cost incurred by the organization.

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Author Biographies

Vijay Kumar Shrotryia

Department of Commerce,

Faculty of Commerce & Business,

Delhi School of Economics,

University of Delhi, DELHI – 110007

vkshro@gmail.com

Ajay Kumar Singh

Prof. Ajay Kumar Singh

Vice-Chancellor

Sri Sri University

Cuttack, Odisha

On EOL from the post of

Professor, Department of Commerce

Faculty of Commerce and Business

Delhi School of Economics

University of Delhi

Delhi, India – 110007

drajayksingh@gmail.com

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Published

2021-11-30

How to Cite

Meena, M. K., Vijay Kumar Shrotryia, & Ajay Kumar Singh. (2021). Do Human Resources have more Value than the Cost incurred on them by the Organisation? An Empirical Analysis of Infosys Ltd. using Contribution-Based Model. Ramanujan International Journal of Business and Research, 6, 73–86. https://doi.org/10.51245/rijbr.v6i1.2021.354

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