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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HR managers are under intense pressure to become strategic business partners. Many, unfortunately, lack the technical skills in financial analysis to succeed in this role. Now, respected HR management educator Dr. Steven Director addresses this skill gap head-on. Writing from HR's viewpoint, Director covers everything mid-level and senior-level HR professionals need to know to formulate, model, and evaluate their HR initiatives from a financial and business perspective. Drawing on his unsurpassed expertise working with HR executives, he walks through each crucial financial issue associated with strategic talent management, including the quantifiable links between workforces and business value, the cost-benefit analysis of HR and strategic financial initiatives, and specific issues related to total rewards programs. Unlike finance books for non-financial managers, Financial Analysis for HR Managers focuses entirely on core HR issues.
Table of contents
- About This eBook
- Title Page
- Copyright Page
- Table of Contents
-
Compensation and Benefit Design: Applying Finance and Accounting Principles to Global Human Resource Management Systems
- Copyright Page
- Dedication Page
- Foreword
- Acknowledgments
- About the Author
- Preface
-
Part I
- 1. Introduction: Setting the Stage
- 2. Business, Financial, and Human Resource Planning
- 3. Projecting Base Compensation Costs
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4. Incentive Compensation
- An Introduction to Incentive Compensation Programs
- Accounting for Annual Cash Incentive Plans
- Key Incentive Compensation Metrics
- Free Cash Flow as an Incentive Plan Metric
- Economic Value Added as an Incentive Plan Metric
- Residual Income as an Incentive Compensation Plan Metric
- The Balanced Scorecard and Incentive Compensation
- Balanced Scorecard and Compensation
- Key Concepts in This Chapter
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5. Share-Based Compensation Plans
- Stock Award Plans
- Stock Option Plans
- Stock Option Expensing
- The Accounting for Stock Options
- Tax Implications of Stock Plans
- International Tax Implications of Share-Based Employee Compensation Plans
- Employee Share Purchase Plans
- Stock Appreciation Rights
- Key Concepts in This Chapter
- Appendix: Stock Options and Earnings per Share
- 6. International and Expatriate Compensation
- 7. Sales Compensation Accounting
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8. Employee Benefit Accounting
- The Standards Framework
- Defined Contribution Versus Defined Benefit Plans
- Section 965 Explained
- Calculating Plan Benefit Obligations
- Claims Incurred but Not Reported (IBNR)
- Other Benefit Obligations
- Additional Obligations for Postretirement Health Plans
- Self-Funding of Health Benefits
- International Financial Reporting Standards and Employee Health and Welfare Plans
- The Financial Reporting of Employee Benefit Plans
- Key Concepts in This Chapter
- 9. Healthcare Benefits Cost Management
- 10. The Accounting and Financing of Retirement Plans
- Part II
- Conclusion
- References
- Index
-
Financial Analysis for HR Managers: Tools for Linking HR Strategy to Business Strategy
- Copyright Page
- Dedication Page
- Acknowledgments
- About the Author
- 1. Business Strategy, Financial Strategy, and HR Strategy
- 2. The Income Statement: Do We Care About More Than the Bottom Line?
- 3. The Balance Sheet: If Your People Are Your Most Important Asset, Where Do They Show Up on the Balance Sheet?
- 4. Cash Flows: Timing Is Everything
- 5. Financial Statements as a Window into Business Strategy
- 6. Stocks, Bonds, and the Weighted Average Cost of Capital
- 7. Capital Budgeting and Discounted Cash Flow Analysis
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8. Financial Analysis of Human Resource Initiatives
- Decisions Involving Cash Flow That Occur at Different Points in Time
- Allocating Budgets When There Are a Larger Number of Alternatives
- Calculating NPV of Specific HR Initiatives
- Determining Program Impacts Using Pre-Post Changes
- Determining Program Impacts Using Comparison Groups
- What Is Your Firm’s HR Budget?
- Is Your HR Budget Allocation Optimal?
- Maximizing the ROI on Your Analysis Efforts
- 9. Financial Analysis of a Corporation’s Strategic Initiatives
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10. Equity-Based Compensation: Stock and Stock Options
- How Do Stock Options Work?
- What Is the Intrinsic Value of an Option? What’s the Time Value of an Option?
- Are Options High-Risk Investments?
- Do Employees Prefer Options or Stock?
- Understanding the Inputs to the Black-Scholes Model
- Firms Must Disclose the Methods and the Assumptions They Use to Cost Stock Options
- Using Monte Carlo Simulation to Determine the Value of Employee Stock Options
- Dilution, Overhang, and Run Rates
- Equity Compensation Is One Tool for Aligning Executive and Shareholder Interests
- 11. Financial Aspects of Pension and Retirement Programs
- 12. Creating Value and Rewarding Value Creation
- Bibliography
- Endnotes
- Index
- FT Press
Product information
- Title: How To Use Finance and Accounting in HR (Collection)
- Author(s):
- Release date: August 2013
- Publisher(s): Pearson
- ISBN: 9780133742824
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