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Overview"Compensation and benefit programs account for the largest line item expenses in most organizations; in service organizations, they often represent more than 50% of total costs. Hence, it's critical that these programs reflect a rigorous understanding of relevant finance and accounting principles, and apply these principles to maximize performance and value. 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." Full Product DetailsAuthor: Bashker D. BiswasPublisher: Pearson Education (US) Imprint: Pearson FT Press Dimensions: Width: 10.00cm , Height: 10.00cm , Length: 10.00cm Weight: 0.100kg ISBN: 9780134385891ISBN 10: 0134385896 Pages: 400 Publication Date: 11 November 2015 Audience: Professional and scholarly , Professional & Vocational Format: Paperback Publisher's Status: Active Availability: In Print  This item will be ordered in for you from one of our suppliers. Upon receipt, we will promptly dispatch it out to you. For in store availability, please contact us. Table of ContentsContents Part 1 Chapter 1 Introduction: Setting the Stage 3 The Cost Versus Expense Conundrum 4 CAPEX Versus OPEX 7 The Current HR Cost-Classification Structure 8 The Current Accounting for Compensation and Benefit Cost Elements 12 Key Concepts in This Chapter 23 Appendix: The Terms 24 Chapter 2 Business, Financial, and Human Resource Planning 29 The Overall Planning Framework 30 HR Planning 34 HR Programs 43 Key Concepts in This Chapter 52 Appendix 53 Chapter 3 Projecting Base Compensation Costs 55 Base Salary Costs 58 Key Concepts in This Chapter 67 Appendix: Cash Flow Impact of Salary Increases 67 Chapter 4 Incentive Compensation 71 An Introduction to Incentive Compensation Programs 71 Accounting for Annual Cash Incentive Plans 74 Key Incentive Compensation Metrics 77 Free Cash Flow as an Incentive Plan Metric 81 Economic Value Added as an Incentive Plan Metric 82 Residual Income as an Incentive Compensation Plan Metric 86 The Balanced Scorecard and Incentive Compensation 87 Balanced Scorecard and Compensation 92 Key Concepts in This Chapter 94 Chapter 5 Share-Based Compensation Plans 95 Stock Award Plans 97 Stock Option Plans 100 Stock Option Expensing 103 The Accounting for Stock Options 106 Tax Implications of Stock Plans 112 International Tax Implications of Share-Based Employee Compensation Plans 116 Employee Share Purchase Plans 121 Stock Appreciation Rights 122 Key Concepts in This Chapter 126 Appendix: Stock Options and Earnings per Share 127 Chapter 6 International and Expatriate Compensation 131 The Background to International and Expatriate Compensation 132 The Balance Sheet System 136 Expatriate Taxes 143 The Cost-Differential Allowance 151 Global Payroll Systems 156 International Pensions 159 Global Stock Option Plans 161 Key Concepts in This Chapter 164 Chapter 7 Sales Compensation Accounting 165 General Accounting Practices 166 Sales Compensation Plans 168 Accounting Control and Audit Issues 175 Other Salient Elements of a Sales Compensation Plan 177 Travel Allowances 179 Commission Accounting 183 Key Concepts in This Chapter 185 Chapter 8 Employee Benefit Accounting 187 The Standards Framework 189 Defined Contribution Versus Defined Benefit Plans 190 Section 965 Explained 191 Calculating Plan Benefit Obligations 194 Claims Incurred but Not Reported (IBNR) 194 Other Benefit Obligations 196 Additional Obligations for Postretirement Health Plans 197 Self-Funding of Health Benefits 198 International Financial Reporting Standards and Employee Health and Welfare Plans 201 The Financial Reporting of Employee Benefit Plans 202 Key Concepts in This Chapter 207 Chapter 9 Healthcare Benefits Cost Management 209 The Background 209 The Reasons for the Rising Costs 212 Cost Containment Alternatives 214 Forecasting Healthcare Benefit Costs 228 Key Concepts in This Chapter 230 Chapter 10 The Accounting and Financing of Retirement Plans 231 The Background 232 The Accounting of the Plans 235 The Pension Benefit Obligation 245 Pension Plan Assets 253 The Pension Expense 256 The Accounting Record-Keeping 262 Accounting Standards Affecting Pension Plans 265 Key Concepts in This Chapter 266 Part 2 Chapter 11 Human Resource Analytics 271 The Background for the Use of HR Analytics 272 The Need for HR Analytics 273 Measuring the Effectiveness of HR Investments 274 Total Compensation Effectiveness Metrics 280 A Changed Paradigm 284 Key Concepts in This Chapter 285 Chapter 12 Human Resource Accounting 287 The Background 287 The Debate 289 HR Accounting Methods 291 Key Concepts in This Chapter 300 Appendix: No Long-Term Savings from Workforce Reductions 301 Conclusion 305 An HR Finance and Accounting Audit 306 References 309 Index 323ReviewsAuthor InformationBashker “Bob” Biswas, Ph.D., is the Principal of the Biswas Group Inc., a Global Management Consultancy. Dr. Biswas concurrently holds the position of Visiting Professor at Keller School of Management at DeVry University in Sacramento, California. Dr. Biswas has over 40 years experience in Total Rewards Management; Finance; Accounting; Executive Compensation; Base, Incentive, Sales and Equity Compensation; Human Resource Strategy; Human Resource Information Systems; International Human Resources; and International Compensation. The companies he has worked for are Control Data, Bechtel, Memorex, Maxtor, Hitachi Data Systems and BioGenex, and Zain. Dr. Biswas has held positions at the Director level and above since 1982. At Maxtor and BioGenex he was a Vice President. While at Memorex and Zain, he worked out of London and the Middle East/Africa respectively. He has traveled to over 30 countries on variouscompensation and benefits related projects. During his tenure in the Middle East, Dr. Biswas conducted Total Rewards and Global Human Resource Management Seminars throughout the Middle East and Africa. He was a leading instructor in the Zain Human Resource Management Academy. In addition, he has held consulting positions at Skopos Corporation, a venture investment backed HRIS start-up cofounded by Dr. Biswas in 1983, at Coopers & Lybrand, and at PricewaterhouseCoopers. At Coopers & Lybrand, he was a Director of Human Resource Consulting in the San Francisco office and National High-tech Leader for Human Resource Consulting. Dr. Biswas was also responsible for the firm’s National Software Industry Compensation Survey. In total he has provided Compensation Consulting to over 40 companies. Dr. Biswas has taught at various universities as an adjunct faculty member since 1984. He has authored and coauthored articles in Human Resource Management. Dr. Biswas also has presented at WorldatWork’s National Conference and briefly taught in their Certification Program. Dr. Biswas holds a B.A., M.B.A., and Ph.D., and a post-graduate diploma in Industrial Relations. He has been a member of WorldatWork (American Compensation Association) since 1972. Tab Content 6Author Website:Countries AvailableAll regions |
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