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Employee Benefits Design and Compensation (Collection)

Book Description

A new collection of best practices for designing better compensation and benefit programs… 2 authoritative books, now in a convenient e-format, at a great price!

2 authoritative eBooks help you drive more value, efficiency, and competitive advantage from compensation and benefits programs

Compensation and benefit programs are the largest expenses in most organizations; in service organizations, they often represent more than 50% of total costs. In this unique 2 eBook package, leading consultant Bashker D. Biswas helps you systematically optimize these programs to maximize value, efficiency, and competitive advantage. In Employee Benefits Design and Planning, Biswas brings together all the knowledge you need to make better benefits decisions. He introduces core principles for ensuring proper financing, funding, compliance, and recordkeeping; accurate actuarial calculations; and effective employee communication. Building on these principles, he guides you through benefits ranging from healthcare and disability insurance to retirement and cafeteria plans. You'll find up-to-date discussions of complex challenges, such as the Affordable Care Act and global benefits planning. Throughout, he offers essential insights for managing rising costs and risks, while ensuring that benefits programs improve productivity, reflect best practices, and align with your organization's strategy and goals. Next, in Compensation and Benefit Design, Biswas helps HR professionals bring true financial and accounting discipline to compensation and benefit design, tightly align talent management to strategy, and quantify program performance in the language of finance. Biswas thoroughly explains best-fit practices for superior program design, demystifies relevant financial and accounting concepts, and illuminates key connections between HR program development and GAAP/IFRS accounting requirements. His far-reaching coverage ranges from integrating compensation and benefits into Balanced Scorecards to managing expatriate compensation. Biswas reveals the true financial implications of every element of modern compensation and benefit programs, from base salaries to stock incentives, sales compensation to healthcare cost containment. Perhaps most important, he helps you systematically measure the value of your investments -- so you can both prove and improve your performance. Simply put, this collection brings together unparalleled tools for optimizing compensation and benefits programs -- whether you're in HR, finance, line-of-business management, or corporate management.

FromDr. Bashker D. Biswas,world-renowned expert in employee compensation and benefits program design

Table of Contents

  1. About This eBook
  2. Title Page
  3. Copyright Page
  4. Contents
  5. Compensation and Benefit Design: Applying Finance and Accounting Principles to Global Human Resource Management Systems
    1. Copyright Page
    2. Dedication Page
    3. Foreword
    4. Acknowledgments
    5. About the Author
    6. Preface
    7. Part I
      1. 1. Introduction: Setting the Stage
        1. The Cost Versus Expense Conundrum
        2. CAPEX Versus OPEX
        3. The Current HR Cost-Classification Structure
        4. The Current Accounting for Compensation and Benefit Cost Elements
        5. Key Concepts in This Chapter
        6. Appendix: The Terms
      2. 2. Business, Financial, and Human Resource Planning
        1. The Overall Planning Framework
        2. HR Planning
        3. HR Programs
        4. Key Concepts in This Chapter
        5. Appendix
      3. 3. Projecting Base Compensation Costs
        1. Base Salary Costs
        2. Key Concepts in This Chapter
        3. Appendix: Cash Flow Impact of Salary Increases
      4. 4. Incentive Compensation
        1. An Introduction to Incentive Compensation Programs
        2. Accounting for Annual Cash Incentive Plans
        3. Key Incentive Compensation Metrics
        4. Free Cash Flow as an Incentive Plan Metric
        5. Economic Value Added as an Incentive Plan Metric
        6. Residual Income as an Incentive Compensation Plan Metric
        7. The Balanced Scorecard and Incentive Compensation
        8. Balanced Scorecard and Compensation
        9. Key Concepts in This Chapter
      5. 5. Share-Based Compensation Plans
        1. Stock Award Plans
        2. Stock Option Plans
        3. Stock Option Expensing
        4. The Accounting for Stock Options
        5. Tax Implications of Stock Plans
        6. International Tax Implications of Share-Based Employee Compensation Plans
        7. Employee Share Purchase Plans
        8. Stock Appreciation Rights
        9. Key Concepts in This Chapter
        10. Appendix: Stock Options and Earnings per Share
      6. 6. International and Expatriate Compensation
        1. The Background to International and Expatriate Compensation
        2. The Balance Sheet System
        3. Expatriate Taxes
        4. The Cost-Differential Allowance
        5. Global Payroll Systems
        6. International Pensions
        7. Global Stock Option Plans
        8. Key Concepts in This Chapter
      7. 7. Sales Compensation Accounting
        1. General Accounting Practices
        2. Sales Compensation Plans
        3. Accounting Control and Audit Issues
        4. Other Salient Elements of a Sales Compensation Plan
        5. Travel Allowances
        6. Commission Accounting
        7. Key Concepts in This Chapter
      8. 8. Employee Benefit Accounting
        1. The Standards Framework
        2. Defined Contribution Versus Defined Benefit Plans
        3. Section 965 Explained
        4. Calculating Plan Benefit Obligations
        5. Claims Incurred but Not Reported (IBNR)
        6. Other Benefit Obligations
        7. Additional Obligations for Postretirement Health Plans
        8. Self-Funding of Health Benefits
        9. International Financial Reporting Standards and Employee Health and Welfare Plans
        10. The Financial Reporting of Employee Benefit Plans
        11. Key Concepts in This Chapter
      9. 9. Healthcare Benefits Cost Management
        1. The Background
        2. The Reasons for the Rising Costs
        3. Cost Containment Alternatives
        4. Forecasting Healthcare Benefit Costs
        5. Key Concepts in This Chapter
      10. 10. The Accounting and Financing of Retirement Plans
        1. The Background
        2. The Accounting of the Plans
        3. The Pension Benefit Obligation
        4. Pension Plan Assets
        5. The Pension Expense
        6. The Accounting Record-Keeping
        7. Accounting Standards Affecting Pension Plans
        8. Key Concepts in This Chapter
    8. Part II
      1. 11. Human Resource Analytics
        1. The Background for the Use of HR Analytics
        2. The Need for HR Analytics
        3. Measuring the Effectiveness of HR Investments
        4. Total Compensation Effectiveness Metrics
        5. A Changed Paradigm
        6. Key Concepts in This Chapter
      2. 12. Human Resource Accounting
        1. The Background
        2. The Debate
        3. HR Accounting Methods
        4. Key Concepts in This Chapter
        5. Appendix: No Long-Term Savings from Workforce Reductions
    9. Conclusion
      1. An HR Finance and Accounting Audit
    10. References
      1. Articles
      2. Books
      3. Websites
    11. Index
    12. Footnotes
      1. Preface
      2. Chapter 1
      3. Chapter 2
      4. Chapter 3
      5. Chapter 4
      6. Chapter 5
      7. Chapter 6
      8. Chapter 7
      9. Chapter 8
      10. Chapter 9
      11. Chapter 10
      12. Chapter 11
      13. Chapter 12
  6. Employee Benefits Design and Planning: A Guide to Understanding Accounting, Finance, and Tax Implications
    1. Copyright Page
    2. Dedication Page
    3. Foreword
    4. Acknowledgments
    5. About the Author
    6. Preface
    7. 1. Setting the Stage
      1. Functional Categories of Employee Benefits
      2. The Employee Benefits Environment
      3. Employee Benefits under Adverse Economic Conditions
      4. Strategic Considerations in Designing Employee Benefit Programs
      5. The Integrated Systems Approach to Employee Benefits Planning
      6. The Cost Dimension
      7. Key Concepts in This Chapter
    8. 2. Healthcare Benefits
      1. A Brief History of Healthcare Benefits
      2. The Prevalence of Healthcare Benefit Plans
      3. The Structure of Healthcare Benefit Plans
      4. Healthcare Benefit Plan Design Considerations
      5. Consumer-Driven Healthcare
      6. Accounting Implications and Issues Affecting Healthcare Benefit Plans
      7. Self-Funding of Healthcare Benefits
      8. Tax Dimensions of Healthcare Plans
      9. International Financial Reporting Standards and Employee Health and Welfare Plans
      10. Summary
      11. Key Concepts in This Chapter
      12. Appendix: Definitions Of Health Insurance Terms
    9. 3. Healthcare Benefit Financing
      1. Financing Approaches to Healthcare Programs
      2. Healthcare Cost Containment
      3. Utilization Reviews
      4. Value-Based Benefit Design
      5. Concluding Thoughts on Healthcare Benefits
      6. Summary
      7. Key Concepts in This Chapter
      8. Appendix: Tax Implications of the Affordable Care Act
    10. 4. Other Risk Benefits
      1. Group Life Insurance Programs
      2. Group Dependent Life Insurance
      3. Supplemental Life Insurance
      4. Accidental Death and Dismemberment Plans
      5. Group Disability Benefits
      6. Sick-Leave Plans
      7. Insured Disability Programs
      8. Long-Term Care Benefits
      9. Group Business Travel Insurance Benefit
      10. Tax Implications of Other Risk Benefits Plans
      11. Summary
      12. Key Concepts in This Chapter
    11. 5. Retirement Plans
      1. Types of Pension Plans
      2. The Employee Retirement Income Security Act
      3. The Retirement Equity Act of 1984
      4. Pension Benefit Guarantee Corporation
      5. The Nature of Pension Plans
      6. Plan Accounting
      7. Accounting for Defined Benefits Plans
      8. Pension Plan Assets
      9. The Pension Expense
      10. Accounting Recordkeeping
      11. Statement of Accumulated Plan Benefits for Defined Benefit Pension Plans (ERISA)
      12. ERISA Reporting Requirements for Defined Contribution Plans
      13. Accounting Standards Affecting Pension Plans
      14. Summary
      15. Key Concepts in This Chapter
    12. 6. Other Types of Retirement Benefits
      1. Cash Balance Pension Plans
      2. Money Purchase Pension Plans
      3. Simplified Employee Pension Plans
      4. 403(b) Plans
      5. 409A Plans
      6. 457 Plans
      7. Summary
      8. Key Concepts in This Chapter
    13. 7. Equity-Based Employee Benefit Plans
      1. Employee Stock Ownership Plans
      2. Employee Stock Purchase Plans
      3. Equity in Pension Plans
      4. Summary
      5. Key Concepts in This Chapter
    14. 8. International Employee Benefits
      1. Multinational Pooling
      2. Multinational Pension Plans
      3. Taxation of International Employee Benefits
      4. Accounting Implications for International Benefits: IAS 19
      5. Summary
      6. Key Concepts in This Chapter
      7. Appendix: A Summary of IAS 19 Employee Benefits
    15. 9. Ancillary Benefits
      1. Severance Benefits
      2. Voluntary Insurance Benefits
      3. Workers’ Compensation
      4. Unemployment Benefits
      5. Cafeteria Benefits
      6. Summary
      7. Key Concepts in This Chapter
    16. 10. Employee Benefits Cost Management
      1. Benchmarking and Cost Containment
      2. Human Resources Department Efforts at Managing Employee Benefit Costs
      3. Sample Benefits Objective
      4. Key Concepts in this Chapter
    17. Conclusion
    18. Bibliography
      1. Books
      2. Articles
      3. Websites
    19. Index