Description
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, including:
- How do you model HR's financial role in corporate strategic initiatives such as the introduction of a new product line?
- How do you select bonus drivers to send the right signals to managers?
- How do you design compensation packages that are fully consistent with your goals?
- How do you identify and manage pension-finance costs and risks that can dramatically impact the long-term financial health of the business?
Table of Contents
Chapter 1: Business Strategy, Financial Strategy, and HR Strategy 1
Chapter 2: The Income Statement: Do We Care About More Than the Bottom Line? 9
Chapter 3: The Balance Sheet: If Your People Are Your Most Important Asset, Where Do They Show Up on the Balance Sheet? 23
Chapter 4: Cash Flows: Timing Is Everything 43
Chapter 5: Financial Statements as a Window into Business Strategy 49
Chapter 6: Stocks, Bonds, and the Weighted Average Cost of Capital 59
Chapter 7: Capital Budgeting and Discounted Cash Flow Analysis 71
Chapter 8: Financial Analysis of Human Resource Initiatives 97
Chapter 9: Financial Analysis of a Corporation’s Strategic Initiatives 127
Chapter 10: Equity-Based Compensation: Stock and Stock Options 153
Chapter 11: Financial Aspects of Pension and Retirement Programs 185
Chapter 12: Creating Value and Rewarding Value Creation 217
Bibliography 249
Endnotes 257
Index 263
Chapter 2: The Income Statement: Do We Care About More Than the Bottom Line? 9
Chapter 3: The Balance Sheet: If Your People Are Your Most Important Asset, Where Do They Show Up on the Balance Sheet? 23
Chapter 4: Cash Flows: Timing Is Everything 43
Chapter 5: Financial Statements as a Window into Business Strategy 49
Chapter 6: Stocks, Bonds, and the Weighted Average Cost of Capital 59
Chapter 7: Capital Budgeting and Discounted Cash Flow Analysis 71
Chapter 8: Financial Analysis of Human Resource Initiatives 97
Chapter 9: Financial Analysis of a Corporation’s Strategic Initiatives 127
Chapter 10: Equity-Based Compensation: Stock and Stock Options 153
Chapter 11: Financial Aspects of Pension and Retirement Programs 185
Chapter 12: Creating Value and Rewarding Value Creation 217
Bibliography 249
Endnotes 257
Index 263
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Financial Analysis for HR Managers: Tools for Linking HR Strategy to Business Strategy, CourseSmart eTextbook
Format: Electronic Book
$24.99 | ISBN-13: 978-0-13-299681-5
