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Dennis Pepple - Financial and Managerial Aspects in Human Resource Management

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Dennis Pepple Financial and Managerial Aspects in Human Resource Management
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Financial and Managerial Aspects in Human Resource Management: A Practical Guide explores both financial and management accounting and their links to human resource management decisions and practices. The book provides a pedagogic material that examines the financial decisions that are specific to HR practices.Each chapter is mapped to CIPD and SHRM competency models and feature organisational examples, relevant case studies, critical theoretical discussions and end of chapter questions to give readers and learners a critical understanding of the following subjects: Introduction to financial accounting Income statement and balance sheet Interpretation of financial statements Financial ethicsLearning and development cost Redundancy Disciplinary and grievance cost Relocation cost Family friendly policies Executive compensationWritten for students and practitioners, this book breaks new ground by being the first to compile the everyday management and financial decisions of HR managers in a single book. Financial and Managerial Aspects in Human Resource Management is an essential resource for understanding core practical HRM issues in the modern workplace.

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FINANCIAL AND MANAGERIAL ASPECTS IN HUMAN RESOURCE MANAGEMENT Financial and - photo 1

FINANCIAL AND MANAGERIAL ASPECTS IN
HUMAN RESOURCE MANAGEMENT

Financial and Managerial
Aspects in Human
Resource Management:
A Practical Guide

Edited by

Dennis Pepple and Crystal Zhang

United Kingdom North America Japan India Malaysia China Emerald Publishing - photo 2

United Kingdom North America
Japan India Malaysia China

Emerald Publishing Limited
Howard House, Wagon Lane, Bingley BD16 1WA, UK

First edition 2021

Copyright 2021 Emerald Publishing Group Limited

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No part of this book may be reproduced, stored in a retrieval system, transmitted in any form or by any means electronic, mechanical, photocopying, recording or otherwise without either the prior written permission of the publisher or a licence permitting restricted copying issued in the UK by The Copyright Licensing Agency and in the USA by The Copyright Clearance Center. Any opinions expressed in the chapters are those of the authors. Whilst Emerald makes every effort to ensure the quality and accuracy of its content, Emerald makes no representation implied or otherwise, as to the chapters suitability and application and disclaims any warranties, express or implied, to their use.

British Library Cataloguing in Publication Data
A catalogue record for this book is available from the British Library

ISBN: 978-1-83909-615-0 (Print)
ISBN: 978-1-83909-612-9 (Online)
ISBN: 978-1-83909-614-3 (Epub)

Acknowledgments We are grateful to the departments of Human Resource - photo 3

Acknowledgments

We are grateful to the departments of Human Resource Management (HRM) at both universities, that is, University of Hertfordshire and Coventry University for providing us with the academic environment that brought about the idea of this book. Special thanks to the Sarah Horton-Walsh, Head of School at the School of Marketing and Management at Coventry University, and Eli Jacobs, Subject Head of HRM at the University of Hertfordshire Business School for supporting this project. We are grateful to the students that we have taught Financial Aspects of HRM and our colleagues that we have shared this important aspect of HRM with. It was through our course evaluation and development process at Coventry University that we realised there is a gap in the market for this text. Our classroom interactions and knowledge sharing sessions with colleagues have inspired this book. We are grateful to the Charted Institute for Personnel and Development and the Chartered Institute of Credit Management Accounting for allowing us to use their materials in this book.

Our special gratitude goes to all the authors who have contributed chapters to this maiden edition. Your hard work and talents have made this project a success. We also wish to thank the reviewers for their comments that helped us shape this book. Finally, we thank our family members for their patience and love throughout the period we were away from them to get this book through. Dennis especially thanks his family Joy, Shani and Tehillah for supporting him through the period of writing this book.

Contents

Chibuzo Amadi and Amanze Ejiogu

Dennis Pepple and Chibuzo Ejiogu

Philip McCosker

O. E. Adegbite, O. R. Adegbite and A. Y. Ige-Olaobaju

Simon Horsman

Joanne Carlier

Dennis Pepple, Crystal Zhang and Chioma Ofoma

Dennis Pepple and Nkem Adeleye

Michael Oyelere and Temitope Oyelere

Kehinde Olowookere

Chibuzo Ejiogu and Ikedinachi Ogamba

Dennis Pepple, Crystal Zhang, Chibuzo Amadi, Amanze Ejiogu, Chibuzo Ejiogu, Philip McCosker, O. E. Adegbite, O. R. Adegbite, A. Y. Ige-Olaobaju, Simon Horsman, Joanne Carlier, Chioma Ofoma, Nkem Adeleye, Michael Oyelere, Temitope Oyelere, Kehinde Olowookere and Ikedinachi Ogamba

Lists of Figures and Tables

Figures

Tables

About The Editors and Contributors

Ms Olubukola Adegbite is a Lecturer in Business Management at the University of Wales Trinity Saint David Birmingham Campus. She has a BSc (Hons) in Accounting from Ado-Ekiti University, Ado-Ekiti, Nigeria. She also holds an MSc in Finance from Swansea University, Wales, United Kingdom. She has several industry experiences in Accounting and Finance that span over 16 years both in Nigeria (West Africa) and the United Kingdom. Some of the industries/sectors she had worked include hospitality, public sector accounting, private consulting and in higher education. Her areas of interests are taxation, financial management and public and private sectors governance.

Dr Oluwaseun (Olu) Adegbite is a Programme Director and Lecturer in Business Management at University of Wales Trinity Saint David Birmingham Campus and a Visiting Lecturer at the University of Birmingham. He received his PhD from School of Management, Swansea University, and holds MBA degree also from Swansea University. He is a Fellow of Chartered Management Institute and Member of Chartered Institute of Marketing. Prior to transiting into academia, he had worked in both public and private sectors for over 15 years. Some of his works are under peered reviews and he serves as a reviewer to some top journals, for example, Journal of Product Innovation Management.

Dr Nkem Adeleye is a Senior Lecturer in Law at Newman University. She has an LLB (Hons.), an LLM (International Human Rights) and for her PhD thesis she conducted a comparative study on the factors responsible for the prevalence of the death row phenomenon in the USA and Japan. Nkem has years of experience as a lecturer and researcher in the higher education sector with expertise in teaching a wide range of core and optional law modules. She has previously worked at the Southern Centre for Human Rights in Atlanta, Georgia where she worked on capital penalty and prisoner class action cases. Her research interests include the international human rights, death row phenomenon, prisoners' rights, modern slavery, employment law and tort law. She has presented papers nationally and internationally including the United Nations General Assembly in Geneva. Nkem has sat as a Conference Chair for the Applied Research International Conference (ARICON) group at Oxford University and Dubai. Nkem is a member of the Society of Legal Scholars, the Birmingham law Society and a Fellow of the Higher Education Academy.

Dr Chibuzo Amadi is a Lecturer in Accounting and Finance at South Wales Business School, University of South Wales in the United Kingdom. He is a Fellow of the Higher Education Academy in the United Kingdom. This recognition is the outcome of his several years of teaching excellence in different higher education institutions in the United Kingdom (such as Manchester Metropolitan University, Cardiff University and currently University of South Wales). He obtained a PhD in the area of Finance and International Business from Manchester Metropolitan University, studying how financial development stimulates foreign direct investment and economic growth in Nigeria. His research interests and expertise are in the areas of foreign direct investment, international trade/business, financial sector development, economic growth and development, economic policy, with a focus on African Economies.

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