How To Apply HR Financial Strategies (Collection)

How To Apply HR Financial Strategies (Collection)

by Bashker D. Biswas, Wayne F. Cascio, John Boudreau
Released August 2013
Publisher(s): Pearson
ISBN: 9780133742978

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Book description

In Compensation and Benefit Design, Bashker D. Biswas shows exactly how to bring financial rigor to the crucial "people" decisions associated with compensation and benefit program development. This comprehensive book begins by introducing a valuable Human Resource Life Cycle Model for considering compensation and benefit programs. Next, Biswas thoroughly addresses the acquisition component of compensation, as well as issues related to general compensation, equity compensation, and pension accounting. He assesses the full financial impact of executive compensation programs and employee benefit plans, and discusses the unique issues associated with international HR systems and programs. This book contains a full chapter on HR key indicator reporting, and concludes with detailed coverage of trends in human resource accounting, and the deepening linkages between financial and HR planning. Replete with both full and "mini" case examples throughout, the book also contains chapter-ending exercises and problems for use by students in HR and finance programs.

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More than ever before, HR practitioners must empirically demonstrate a clear link between their practices and firm performance. In Investing in People, Wayne F. Cascio and John W. Boudreau show exactly how to choose, implement, and use metrics to improve decision-making, optimize organizational effectiveness, and maximize the value of HR investments. They provide powerful techniques for looking inside the HR "black box," implementing human capital metrics that track the effectiveness of talent policies and practices, demonstrating the logical connections to financial and line-of-business, and using HR metrics to drive more effective decision-making. Using their powerful "LAMP" methodology (Logic, Analytics, Measures, and Process), the authors demonstrate how to measure and analyze the value of every area of HR that impacts strategic value.

Table of contents

  1. About This eBook
  2. Title Page
  3. Copyright Page
  4. Table of 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
  6. Investing in People, Second Edition: Financial Impact of Human Resource Initiatives
    1. Copyright Page
    2. Dedication Page
    3. Acknowledgments
    4. About the Authors
    5. Preface
    6. Chapter 1. Making HR Measurement Strategic
      1. The Cost Versus Expense Conundrum
      2. The Cost Versus Expense Conundrum
      3. The Cost Versus Expense Conundrum
      4. The Cost Versus Expense Conundrum
      5. The Cost Versus Expense Conundrum
      6. The Cost Versus Expense Conundrum
    7. Chapter 2. Analytical Foundations of HR Measurement
      1. The Cost Versus Expense Conundrum
      2. The Cost Versus Expense Conundrum
      3. The Cost Versus Expense Conundrum
      4. The Cost Versus Expense Conundrum
      5. The Cost Versus Expense Conundrum
    8. Chapter 3. The Hidden Costs of Absenteeism
      1. The Cost Versus Expense Conundrum
      2. The Cost Versus Expense Conundrum
      3. The Cost Versus Expense Conundrum
      4. The Cost Versus Expense Conundrum
      5. The Cost Versus Expense Conundrum
      6. The Cost Versus Expense Conundrum
      7. The Cost Versus Expense Conundrum
    9. Chapter 4. The High Cost of Employee Separations
      1. The Cost Versus Expense Conundrum
      2. The Cost Versus Expense Conundrum
      3. The Cost Versus Expense Conundrum
      4. The Cost Versus Expense Conundrum
      5. The Cost Versus Expense Conundrum
      6. The Cost Versus Expense Conundrum
      7. The Cost Versus Expense Conundrum
      8. The Cost Versus Expense Conundrum
      9. The Cost Versus Expense Conundrum
      10. The Cost Versus Expense Conundrum
      11. The Cost Versus Expense Conundrum
    10. Chapter 5. Employee Health, Wellness, and Welfare
      1. The Cost Versus Expense Conundrum
      2. The Cost Versus Expense Conundrum
      3. The Cost Versus Expense Conundrum
      4. The Cost Versus Expense Conundrum
      5. The Cost Versus Expense Conundrum
      6. The Cost Versus Expense Conundrum
      7. The Cost Versus Expense Conundrum
      8. The Cost Versus Expense Conundrum
      9. The Cost Versus Expense Conundrum
      10. The Cost Versus Expense Conundrum
      11. The Cost Versus Expense Conundrum
      12. The Cost Versus Expense Conundrum
      13. The Cost Versus Expense Conundrum
    11. Chapter 6. Employee Attitudes and Engagement
      1. The Cost Versus Expense Conundrum
      2. The Cost Versus Expense Conundrum
      3. The Cost Versus Expense Conundrum
      4. The Cost Versus Expense Conundrum
      5. The Cost Versus Expense Conundrum
      6. The Cost Versus Expense Conundrum
      7. The Cost Versus Expense Conundrum
      8. The Cost Versus Expense Conundrum
      9. The Cost Versus Expense Conundrum
      10. The Cost Versus Expense Conundrum
      11. The Cost Versus Expense Conundrum
    12. Chapter 7. Financial Effects of Work-Life Programs
      1. The Cost Versus Expense Conundrum
      2. The Cost Versus Expense Conundrum
      3. The Cost Versus Expense Conundrum
      4. The Cost Versus Expense Conundrum
      5. The Cost Versus Expense Conundrum
      6. The Cost Versus Expense Conundrum
      7. The Cost Versus Expense Conundrum
      8. The Cost Versus Expense Conundrum
      9. The Cost Versus Expense Conundrum
    13. Chapter 8. Staffing Utility: The Concept and Its Measurement
      1. The Cost Versus Expense Conundrum
      2. The Cost Versus Expense Conundrum
      3. The Cost Versus Expense Conundrum
      4. The Cost Versus Expense Conundrum
      5. The Cost Versus Expense Conundrum
      6. The Cost Versus Expense Conundrum
      7. The Cost Versus Expense Conundrum
      8. The Cost Versus Expense Conundrum
    14. Chapter 9. The Economic Value of Job Performance
      1. The Cost Versus Expense Conundrum
      2. The Cost Versus Expense Conundrum
      3. The Cost Versus Expense Conundrum
      4. The Cost Versus Expense Conundrum
      5. The Cost Versus Expense Conundrum
      6. The Cost Versus Expense Conundrum
      7. The Cost Versus Expense Conundrum
      8. The Cost Versus Expense Conundrum
    15. Chapter 10. The Payoff from Enhanced Selection
      1. The Cost Versus Expense Conundrum
      2. The Cost Versus Expense Conundrum
      3. The Cost Versus Expense Conundrum
      4. The Cost Versus Expense Conundrum
      5. The Cost Versus Expense Conundrum
      6. The Cost Versus Expense Conundrum
      7. The Cost Versus Expense Conundrum
      8. The Cost Versus Expense Conundrum
      9. The Cost Versus Expense Conundrum
      10. The Cost Versus Expense Conundrum
      11. The Cost Versus Expense Conundrum
      12. The Cost Versus Expense Conundrum
      13. The Cost Versus Expense Conundrum
      14. The Cost Versus Expense Conundrum
      15. The Cost Versus Expense Conundrum
      16. The Cost Versus Expense Conundrum
    16. Chapter 11. Costs and Benefits of HR Development Programs
      1. The Cost Versus Expense Conundrum
      2. The Cost Versus Expense Conundrum
      3. The Cost Versus Expense Conundrum
      4. The Cost Versus Expense Conundrum
      5. The Cost Versus Expense Conundrum
      6. The Cost Versus Expense Conundrum
      7. The Cost Versus Expense Conundrum
      8. The Cost Versus Expense Conundrum
    17. Chapter 12. Talent Investment Analysis: Catalyst for Change
      1. The Cost Versus Expense Conundrum
      2. The Cost Versus Expense Conundrum
      3. The Cost Versus Expense Conundrum
      4. The Cost Versus Expense Conundrum
      5. The Cost Versus Expense Conundrum
    18. Appendix A. The Taylor-Russell Tables
    19. Appendix B. The Naylor-Shine Table for Determining the Increase in Mean Criterion Score Obtained by Using a Selection Device
      1. The Cost Versus Expense Conundrum
    20. Index
    21. Financial Times Press

Product information

  • Title: How To Apply HR Financial Strategies (Collection)
  • Author(s): Bashker D. Biswas, Wayne F. Cascio, John Boudreau
  • Release date: August 2013
  • Publisher(s): Pearson
  • ISBN: 9780133742978