Citation

(2021), "Index", Pepple, D. and Zhang, C. (Ed.) Financial and Managerial Aspects in Human Resource Management: A Practical Guide, Emerald Publishing Limited, Leeds, pp. 161-165. https://doi.org/10.1108/978-1-83909-612-920211014

Publisher

:

Emerald Publishing Limited

Copyright © 2021 Emerald Publishing Group Limited

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INDEX

Index

Note: Page numbers followed by “n” indicate notes.

Absenteeism

, 110

reducing

, 111

Abstract conceptualisation

, 66

Accommodation costs

, 112–113

Accountants

, 41–42

Accounting (see also Financial statements)

, 54, 57

functions

, 54–57

HR decisions and

, 57

listing of functions of accounting and finance

, 58–59

ratio

, 24

thinking about HR decisions

, 59–60

Acid test

, 34

Administration

, 58–59

Adoption leave payment

, 113

Advisory, Conciliation and Arbitration Service (ACAS)

, 78, 86, 92–93

Annual bonus

, 124–126

Annual report

, 23

Arthur Andersen (AA)

, 41

Assets

, 5, 16

turnover

, 29

Atkins family-friendly policies

, 110

9/11Attack

, 103

Auditing

, 58

Average inventory days

, 29–30

Average profit before tax generated per FTE employee

, 34–35

Average relocation cost

, 101

Average trade

payables payment period

, 30–31

receivables collection period

, 30

Average weekly earnings (AWE)

, 113

Bad debt

, 18, 31

Balance sheet

, 15–16

questions and answers

, 132–134

Bank of England (BoE)

, 43

Base salary

, 123

Basic award calculation

, 93–96

Behaviour, cost classification by

, 14

Benefits and perquisites

, 121–122

Bloom’s Taxonomy

, 67

Bonus

, 120

Budgeting

, 59

Capital decisions

, 59–60

Capital employed

, 16

Capital structure

, 24, 31

gearing ratio

, 31–32

interest cover

, 32–33

Carer policies

, 109

Cash

, 54–55

Change-in-control clauses

, 122

Chartered Institute of Personnel and Development (CIPD)

, 86, 102

Chessett plc

, 24–26

Chief executive officers (CEO)

, 56, 120

Children and Families Act (2014)

, 108

Code of Practice

, 86–87, 90

Cognitive approaches

, 66

Compensation at tribunal

, 91–92

Competition and Market Authority (CMA)

, 43

Competitors

, 131

Compressed hours work

, 109

Conduct-related issues

, 87

Consolidation in financial statement

, 20

Consumers

, 75

Contemporary workplaces

, 109

Control

, 55

Control of costs

, 24

control of staff costs

, 27–28

gross profit percentage

, 24–26

profit from operations as percentage of revenue

, 26–28

ROCE

, 28–29

Core benefits

, 124

Core-flex

, 99

Corporate governance

, 120

Corporate governance influence on executive reward

, 127–129

Corporate social responsibility (CSR)

, 120

influence on executive reward

, 127–129

Corporate-level directors

, 120

Cost classification

, 14

by behaviour

, 14

by function

, 14–15

by nature of resource

, 14

by type of cost

, 14

Cost of goods sold (COGS)

, 12

Cost of Living Adjustment (COLA)

, 102

Cost of revenue (COR)

, 12

Cost of sales (COS)

, 12

Cost(s) (see also Financial statements)

, 21

accommodation

, 112–113

associated with employment tribunal

, 91

implementation

, 112

of management time

, 91

procedural

, 112

of relocation

, 98, 100

types

, 111

Costing relocation package

, 100–102

COVID-19 pandemic

, 70, 103

Creativity

, 67

Critical reflection

, 104

Current assets

, 16

Current liabilities

, 16

Current ratio

, 34

Data, information and knowledge hierarchy (DIKW hierarchy)

, 55n2

Decisions

, 59

Demotion

, 88

Deontological theories

, 42

Depreciation

, 19

Digital solutions

, 69–70

Direct billing

, 100

Direct cost

, 14

Direct delivery

, 70

Direct reimbursement

, 99

Disciplinary (see also Grievance)

, 86

dismissal

, 88–89

distinguishing between unfair dismissal and wrongful dismissal

, 89–90

procedure for

, 87–88

questions and answers

, 148

reasons to initiate disciplinary process

, 86–87

Discounted cash flow (DCF)

, 59–60

Dismissal

, 88–89

distinguishing between unfair dismissal and wrongful dismissal

, 89–90

Dividend payout percentage

, 33

Domestic relocation

, 98

E-learning

, 69

Earned pay

, 122

Earnings before interest, tax, depreciation and amortisation (EBITDA)

, 12–13

Earnings per share (EPS)

, 33

Ebit (see Operating profit)

Educational programmes

, 69

Efficiency

, 24

asset turnover

, 29

average inventory days

, 29–30

average trade payables payment period

, 30–31

average trade receivables collection period

, 30

ratios

, 29

Employee relocation

, 103

costs

, 98

Employee turnover

, 110

reduced employee turnover

, 111

Employees

, 99, 131

counselling, coaching and training

, 81–82

financial advice

, 82

reduce uncertainty

, 80–81

support/assistant

, 82

supporting employees through redundancy

, 80

Employers

, 87, 99

Employment Act (2002)

, 108, 112

Employment Act (2008)

, 90

Employment Relations Act (1999)

, 108

Employment Rights Act (1996)

, 108

Employment tribunal

, 90–91

avoiding

, 92

cost associated with

, 91

defending claim at

, 91

Ethical egoism

, 42

Ethical theories

, 42

Ethics

, 41

Executive compensation

, 120

components

, 120–122

objectives, costs and risk in designing packages

, 122–127

questions and answers

, 149–151

Executive reward

, 122

influence of transparency, corporate governance and CSR on

, 127–129

Expatriation assistance

, 100

Expected pay

, 122

Expenses

, 18

Experiential learning events

, 70

Experimental economics/game theory

, 42

Explicit knowledge

, 67

Extensive KM systems

, 67–68

External stakeholders

, 11

Face-to-face delivery

, 70

Family-friendly policies

, 107–108

Atkins family-friendly policies

, 110

barriers to implementation

, 115–116

calculating maternity, paternity and adoption leave payment

, 113

carer policies

, 109

financial implications of

, 111–113

flexible working

, 109

importance of

, 110–111

origin of

, 108

parental, maternity and shared parental leave

, 109–110

part-time employees

, 108–109

qualifying for statutory maternity, adoption and paternity pay

, 114–115

questions and answers

, 148–149

statutory adoption leave

, 114

statutory maternity leave

, 113–114

statutory paternity leave

, 114

types

, 108

Female labour participation

, 108

Finance

, 39, 54, 57

Financial accounting

, 131–132

Financial advice

, 82

Financial Conduct Authority (FCA)

, 43, 144

Financial crisis

, 41

Financial ethics

, 39–41

questions and answers

, 143–145

regulations in financial sector

, 43–48

relevance for HRMs

, 48–49

relevance of ethics in finance

, 41

theories of

, 41–43

Financial implications of family-friendly policies

, 111

types of cost

, 111–113

Financial Policy Committee (FPC)

, 43, 144

Financial regulations in UK

, 43

Financial regulators in United Kingdom

, 44–48

Financial Services and Markets Act (FSMA)

, 44

Financial statements

, 23

capital structure

, 31–33

consolidation in

, 20

efficiency ratios

, 29–31

investor ratios

, 33

limitations

, 20–21

liquidity ratios

, 33–34

mini reflective case

, 137–143

profitability and control of costs

, 24–29

questions and answers

, 134–137

quick ratio or acid test

, 34

ratio analysis

, 23–24

ratios of particular interest to HR professionals

, 34–37

Financial worry

, 82

Firms

, 102

Fixed assets

, 16

Fixed cost

, 14

Fixed pay

, 122

Flexi-time work

, 109

Flexibility in workplace

, 107, 109

Function, cost classification by

, 14–15

Funds

, 54–55

Gearing ratio

, 31–32

General and administrative expenses

, 13

General logic for income statement

, 13

‘Globalisation’

, 97, 102

Grievance (see also Disciplinary)

, 86

avoiding employment tribunal

, 92

compensation at tribunal

, 91–92

cost associated with employment tribunal

, 91

defending claim at employment tribunal

, 91

employment tribunal

, 90–91

law governing disciplinary and grievance

, 90

procedure for

, 90

questions and answers

, 148

settlement agreements

, 92

Gross margin (see Gross profit percentage)

Gross profit percentage

, 24–26

Gross profit/loss

, 13

Hedonism

, 143

(Higher) Degree Apprenticeships

, 69

Human resource (HR)

, 11, 39, 53–54, 97

academic research

, 36

accounting functions

, 54–57

average profit before tax generated per FTE employee

, 34–35

decisions and accounting function

, 57–60

function relates to accounting function

, 146

identifying and describing main function of accounting and finance

, 54

management

, 143

managers and future of relocation cost

, 102–104

measurement problems typical of HR decisions,. 60–61

organisational structure

, 54–57

professionals

, 34

profit from operations/total staff costs

, 35–36

ratios of particular interest to

, 34

Human resource managers (HRMs)

, 13, 39

cost related to HRMs’ role

, 13–14

relevance of financial ethics for

, 48–49

Implementation costs

, 112

Improved performance

, 111

Income statement

, 11–14

classification of cost

, 14–15

components

, 12

questions and answers

, 132–134

Indirect cost

, 14

Information

, 515

Insurance

, 148

Intangible assets

, 16

Integrative social contracts theory (ISCT)

, 42 143–144

Interest

, 13

Interest cover

, 32–33

Internal rate of return (IRR)

, 60

Internal stakeholders

, 11

International Financial Reporting Standard (IFRS)

, 20

International Monetary Fund/World Bank (IMF/WB)

, 43

International relocation

, 98, 100

Investor ratios

, 33

Job loss

, 94

Job share

, 109

Kirkpatrick’s evaluation model

, 63, 71

Knowledge

, 148

Knowledge management (KM)

, 63, 67–68

Knowledge skills and attitudes (KSA)

, 64

Kolb’s learning cycle

, 66

Labour

, 14

Learning and development (L&D)

, 63–64

digital solutions

, 69–70

direct delivery

, 70

educational programmes

, 69

employees knowledge about

, 64–65

evaluating

, 70–73

experiential learning events

, 70

interventions

, 68–70

on-the-job mentoring and coaching

, 68–69

people knowledge about

, 65–66

people learning from experience

, 66–68

questions and answers

, 146–147

training needs analysis

, 63

Learning outcomes (LOs)

, 40

Learning style inventory

, 67

Legal costs

, 91

Liabilities

, 15

Liquidity

, 24

Liquidity ratios

, 33–34

Long-term incentive plans (LTIP)

, 126–127

Lump sum

, 99–100

Managed relocation

, 99

Management accounting function

, 59

Market outlook

, 76

Materials

, 14

Maternity leave

, 109–110

payment calculation

, 113–115

Money

, 54–55

Morality

, 40–41

Net current assets

, 16

Net income/loss

, 13

Net present value (NPV)

, 60

No action

, 88

Non-routine decisions

, 59

On-the-job mentoring and coaching

, 68–69

Operating profit

, 13

Organisation reporting

, 59

Organisational learning

, 67–68

Organisational performance

, 63–64

Organisational structure

, 54–57

Outsourced relocation

, 100

Overhead expenses

, 13

‘Overheads’ (see Indirect cost)

Parental leave

, 109–110

payment calculation

, 113–115

Part-time employees

, 108–109

Part-time work

, 109

Pay ratio

, 128

Pension

, 124

Pensions

, 121

People learning from experience

, 66–68

Performance management system

, 64

Performance-related issues

, 87

Performance-related pay (PRP)

, 122

Phantom stock

, 121

Pre-tax income

, 13

Procedural costs

, 112

Proceed of Crime Act (2002)

, 145

Profit and loss account

, 16–20

Profit from operations as percentage of revenue

, 26–28

Profit from operations/total staff costs

, 35–36

‘Profit’

, 120

Profitability

, 24–29

Prudential Regulation Authority (PRA)

, 43, 144

Prudential Regulation Committee (PRC)

, 44

Public reporting

, 59

Public sector organisations

, 23

Quick ratio

, 34

Ratio analysis

, 23–24

limitations

, 36

RATM Software Solutions case study

, 65, 68, 72–73

Realisable pay (see Earned pay)

Realised pay

, 122–123

Records

, 88

Redundancy

, 75, 76

alternative employment

, 76–77

consulting and informing affected employees

, 78

giving employees option of voluntary redundancy

, 78

management

, 77

planning phases

, 77

possibility of alternative employment opportunity

, 78

questions and answers

, 147–148

selecting employees to make redundant

, 78

supporting employees through redundancy

, 80–82

Tesco’s strategy

, 75–76

Redundancy payment

, 78–80

calculation of redundancy pay

, 81

making

, 78–80

Regulations in financial sector

, 43–48

Reimbursement

, 100

Relocation cost

, 97–98

costing relocation package

, 100–102

HR managers and future of relocation cost

, 102–104

management and disbursement of relocation package

, 99–100

questions and answers

, 148

types and relocation package cover

, 98–99

Relocation of labour

, 97–98

Relocation package

, 98

costing

, 100–102

cover

, 98–99

disbursement of

, 100

management

, 99–100

Restricted shares

, 121

Return on Capital Employed (ROCE)

, 28–29

Return on investment (ROI)

, 63, 71–73

Revenue decisions

, 59–60

Revenue/sales

, 12

Reward

, 148

Routine decisions

, 59

Salary

, 120

Sales expenses

, 13

Senior management

, 59

Settlement agreements

, 92

Severance payments

, 122

Share options

, 126

Shared parental leave

, 109–110

‘Shareholders’ equity

, 28

Simulations

, 69–70

Skills

, 64, 66, 69

Social contract theory

, 42

Social factors

, 41

Society for Human Resource Management (SHRM)

, 102

Staff costs control

, 27–28

Stakeholder theory

, 42

Statement of financial position (SFP)

, 24

Statutory adoption leave

, 114

Statutory maternity leave

, 113–114

Statutory paternity leave

, 114

Stewardship

, 58–59

Stock (see also Cost)

grants

, 121

options

, 120–121

Phantom

, 121

subsidiary

, 20

Stock Appreciation Rights (SARs)

, 121

Subsidiary

, 20–21

Suppliers

, 131

Systems perspective

, 42, 143

Tacit knowledge

, 67

Talent

, 148

Tangible assets

, 16

Tax (see also Income statement)

authorities

, 59

average profit before tax generated per FTE employee

, 34–35

laws

, 57

Tay Bridge disaster (1879)

, 57

Technology

, 148

Teleological theories

, 42

Teleworking

, 111

Tesco’s strategy

, 75–76

The Guardian

, 67

Top management

, 56

Trade Union Congress (TUC)

, 129

Training needs analysis (TNA)

, 63–65

Transparency

, 120

Transparency influence on executive reward

, 127–129

Uncertainties

, 76–77

reducing

, 80–81

Unethical conduct

, 40, 48

Unfair dismissal

, 89–90

United Kingdom

average credit period

, 30

Financial regulators in

, 44–48

Unrestricted shares

, 121

Variable

, 14

Warming

, 88

Work and Families Act (2006)

, 108

Work from home

, 109

‘Working capital’ (see Net current assets)

Workings

, 18

Work–life balance (WLB)

, 107

Workplace conflicts

, 93

Wrongful dismissal

, 89–90