The Need for Innovation Management in Human Resources Accounting: Concepts, Developments, Objectives, Significance, Objections, and Limitations "A Study of Jordanian Finance Companies in Jarash City, Jordan"

Abstract

In the knowledge-based economy, human resources have become the most critical driver in increasing productivity and growth, improving organizational value. Most businesses are shifting into a knowledge-intensive-based economy where Intangible assets such as human capital and intellectual property are the core assets in this economy where knowledge is the basic unit. Human resources have become the most crucial factor in success and achieving many benefits, particularly with the availability of strategic human resources management, which can help leverage and take advantage of intangible assets to achieve their goals successfully. Therefore, the availability of strategic and qualified management in addition to human resources can be the main reason for maximizing the organization's market value in the global market. However, these core assets in the knowledge era must be measured in money to achieve their usefulness. This study highlights the aspects of human resources accounting development stages, their meaning and definitions, objectives, significance, and limitations.