Research On Human Resource Cost Management Of Y Company

Human resource cost is one of the important factors for enterprises to gain competitive advantage.Human resource cost is like a double-edged sword.The larger the human capital possessed by enterprises,the greater the possibility of creating high value,but at the same time,the greater the pressure on cost management.Therefore,doing a good job in managing human resource costs and maintaining a healthy operation of the enterprise is the core weapon for achieving stability and success.This thesis takes Y Company as the research object and collects and organizes human resource cost data for the past six years from 2017 to 2022.Through vertical and horizontal comparison of historical data and industry level,the current situation is analyzed from the aspects of cost composition,total indicators,benefit indicators,elastic control,etc.,combined with interviews and questionnaire surveys,We identified four major issues with it,including inadequate cost management mechanisms,low effectiveness in development cost investment,low return on investment in usage costs,and poor effectiveness in ensuring cost investment.The main reasons were analyzed to be due to insufficient emphasis on management,lax control of key development cost points,ineffective use of cost incentive mechanisms,and insufficient implementation of cost promotion.Finally,we focused on strengthening management awareness,accounting and analysis,and budget management Propose countermeasures from four aspects of cost control,among which strengthening cost control requires increasing investment in development costs,reforming salary incentive mechanisms,finding alternative costs,and optimizing inefficient costs.This thesis views human resource costs from the perspective of human capital,which is the "profit center",paying more attention to its input-output,and linking human resource costs with various activities of human resource management,enriching relevant theoretical research and providing case references for the study of human resource cost management in similar state-owned enterprises.