Human resource cost management is an activity to carry out a series work of budget, accounting, control, analysis for human resource cost. Human resource cost is the main cost of the life insurance company.Along with increasing extent of attaching importance to human resource, the payout relating to human resource is keeping on enhancing. Facing to the changing trend, the traditional method of cost management can’t meet the needs of management in the life insurance company.

To reach the aim of optimizing human resource cost, it is needed to carry out human resource cost management in the insurance company.In this paper, the Pacific Life Insurance A Branch Company is regarded as the object of study.Starting from human resource cost management of Pacific Life Insurance A Branch Company’s present condition, the author combines human resource cost management theory with methods, then sums up the problems existing in the course of human resource cost management and brings forward corresponding measures to reach the aim actualizing human resource cost management in the company.

This paper is divided into five parts.Firstly, human resource cost situation of the introduction part are analyzed.The author clarifies background and significance of this paper, then the status quo of study of human resource cost management at home and abroad are analyzed. Furthermore, there exist research methods, content and innovative points of this article.Secondly, the human resource cost management related research are reviewed to define the human resource and human resource cost, and the composition of human resource cost is analyzed, lastly the author expresses principles of the human resource cost management and brings forward the content of human resource cost management.

Thirdly, the specific circumstances of Pacific Life Insurance A Branch Company are introduced, especially whose circumstances of human resource cost management, the author raises problems basing on the current situation, such as human resource cost condition cannot be reflected, the human resource cost management cannot satisfy the present executive requirements.Subsequently, combining human resource cost management theory with practical problems in the company, the author proposes steps of the human resource cost management.

The system of human resource cost management is put forward in Pacific Life Insurance A Branch Company. The accounting system of human resource cost consists of the measurement of human resource cost, the establishment of account title, as well as the bookkeeping and publishing formation;By determining the affected factors of human resource cost, the budget system is worked out using measure of “quantity” and “price”;

The differences from budget to actual occurrence are analyzed to establish control system of human resource cost management; Last but not least, to meet the need of current business requirements, the analysis system about recruitment, training and internal reassignment of employee is designed.In the final paper, the author presents safeguard measures about the implementation of human resource cost management in the Pacific Life Insurance A Branch Company, such as cost management awareness of employee, improving organization, enhancing the information technology construction, building monitoring mechanisms. These four areas make the next stage of implementation more feasible.

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