IMPACT OF HUMAN RESOURCE ACCOUNTING ON FIRM PERFORMANCE OF SELECTED MANUFACTURING FIRMS IN NIGERIA

This study is an examined the Impact of Human Resource Accounting on Firm Performance of selected Manufacturing Firms in Nigeria. The study examined the effect of Training and Development Cost on profitability, influence of personnel cost on Return on Asset and impact of health and safety cost on market share of quoted manufacturing firms in Nigeria Hypothesis were made with survey design was adopted with the population of this research study is 6652 respondent, the study adopted simple random sampling. The population size was narrowed down using Taro Yamane to determine the sample size of 374. Method of data collection is primary and analysis of variance method was adopted to analyze the data The results indicate that training and development costs have a significant positive effect on profitability. Firms that allocate resources to employee training, capacity-building programs, and continuous learning initiatives experience higher productivity and operational efficiency, which ultimately translate into better financial results. Similarly, the study found that personnel costs significantly and positively influence return on assets. This finding highlights that employee compensation, benefits, and incentives play a crucial role in motivating the workforce and driving organizational performance. In addition, the analysis revealed that health and safety costs have a significant positive effect on market share. Organizations that invest in workplace safety programs, health initiatives, and risk prevention measures not only reduce accidents and operational disruptions but also build trust and loyalty among employees and customers. In conclusion, this study demonstrates that investments in training and development, personnel costs, and health and safety initiatives are critical determinants of organizational performance in Nigeria’s manufacturing sector. It recommends that Manufacturing firms should allocate more resources to employee training programs, skills acquisition, and capacity-building initiatives to enhance productivity and drive profitability. KEYWORDS: Human Capital, Human Resource Accounting, Employee Productivity, Training and Development Cost, Market Share, Return on Asset, Profitability