Financial and Managerial Aspects in HRM: A Practical Guide (first edition)

This first edition will explore both financial and management accounting and their link to human resource management decisions and practices. This edition will map the Chartered Institute of Personnel and Development (CIPD) professional and competency model. This is especially important because of the increasing demand on HR managers to make informed decisions based on financial information. The aim of this book is to provide pedagogic material that examines the financial decisions that are specific to HR practices.

This edited book will present chapters that are interactional with organisational examples, relevant case studies, critical theoretical discussions and end-of-chapter questions to give readers and learners a critical understanding of the subject. Recommended topics includes the following:

· Introduction to financial accounting

· Income statement and balance sheet

· Ratio analysis

· Ethical principles

· Managing recruitment and selection

· Managing learning and development cost

· Managing redundancy cost

· Managing grievances and discipline cost

· Managing international assignments and relocation cost

· Managing cost associated with family friendly policies

· Managing health safety and sickness cost

· Fundamentals of reward management