Human Resource Accounting in Recessionary Times
Management's goal when downsizing is to eliminate unproductive employees and retain productive ones. In determining who should be laid off, management should not be taken in by the attractiveness of layoffs under financial accounting. Doing so can result in some human assets being discarded along with the human liabilities because all employees are viewed as expenses under financial accounting.
Hermanson, Dana R., Daniel M. Ivancevich, and Roger H. Hermanson. "Human Resource Accounting in Recessionary Times." Strategic Finance 74.1 (1992): 69.