Determining The Contribution Of Human Resource Accounting (HRA) On Financial Statement Of Nigerian Banks Using The Mantel Test Analysis

ABSTRACT: Human resource accounting is viewed as the process of identifying, measuring and communicating information about human resources in order to facilitate effective management within an organization where, the various decisions relating to hiring, training, developing, conservation, recruiting, allocation and selection of employees have to be made by the top management of any organization. This study examines the contribution of human resource accounting on the financial statement of banks in Nigeria using the Mantel Test Analysis. The method of data collection used in this study is field survey method which involved the use of questionnaire and interview. From the findings, it was observed that there exist a strong positive resemblance between the responses of Zenith Bank Plc staff and responses of First Bank Plc staff with an association of 98.43 % and a p-value of 0.00 which falls on the rejection of the hypothesis assuming 95 % confidence Interval. Also, it was concluded that the application of human resource accounting measures, management of banking Institutions will see its human resource as assets to be maximized rather than expenses to be minimized, which will lead to greater productivity in most of the key areas that guarantees the success of the institution