Summary: cost of innovation and progress. The book "Company Efficiency and Human Resources" edited by S. Krishna addresses the need for personnel departments to adapt to changing economic conditions by focusing on long-term policies and effective communication within organizations. It emphasizes the importance of measurement and analysis in personnel management, stressing the shift towards data-driven decision making rather than relying on experience or intuition. The text also explores employee productivity, worker participation, and the role of human resource accounting in improving management decisions. It highlights the challenges faced by personnel managers in overcoming psycho-social barriers and outdated practices to enhance organizational efficiency and employee morale. Ultimately, the book advocates for a shift towards more flexible and democratic management practices to foster productive human relations within companies.