Compensation and Benefit Design Applying Finance and Accounting Principles to Global Human Resource Management Systems

Design exceptionally effective compensation and benefit programs that reflect a rigorous understanding of finance and accounting, and apply financial principles to maximizing performance and value throughout the organization. In Compensation and Benefit Design, Bashker D. Biswas shows exactly how to bring financial rigor to 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. 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, this book will be valuable to a wide spectrum of HR and financial professionals, with titles including compensation and benefits analysts, managers, directors, and consultants; HR specialists, accounting specialists, financial analysts, total rewards directors, controller, finance director, benefits actuaries, executive compensation consultants, corporate regulators, and labor attorneys. It also contains chapter-ending exercises and problems for use by students in HR and finance programs.

DR. BASHKER D. BISWAS (Lincoln, CA) is a DeVry Visiting Professor of Business in the Keller Graduate School of Management, and Principal of the global HR consultancy Biswas and Associates. He has 40+ years of management consulting experience and has worked for companies including Control Data, Bechtel, Memorex, Maxtor, and Hitachi Data Systems; and consulted for Coopers and Lybrand and PricewaterhouseCoopers. He has been quoted in The Wall Street Journal and other leading publications, has conducted workshops and seminars worldwide, and earned a lifetime achievement award from WorldatWork (American Compensation Association).

Preface

Chapter 1: Introduction—Setting the Stage

Chapter 2: Business Financial and Human Resource Planning

Chapter 3: Projecting Compensation Costs

Chapter 4: Incentive Compensation

Chapter 5: Share Based Compensation Plans

Chapter 6: International and Expatriate Compensation

Chapter 7: Sales Compensation Accounting

Chapter 8: Employee Benefits Accounting

Chapter 9: Healthcare Benefits Cost Management

Chapter 10: The Accounting and Financing of Retirement Plans

Chapter 11: Human Resource Analytics

Chapter 12: Human Resource Accounting

References

Index