Financial Intelligence in Human Resources Management: New Directions and Applications for Industry 4.0

378 Pages·2021·60.49 MB·English

by  Gurinder Singh, Vikas Garg, Silky Sharma, Hardeep Singh Dhanny

FINANCIAL INTELLIGENCE IN
HUMAN RESOURCES MANAGEMENT
New Directions and Applications for Industry 4.0
9
Taylor & Francis
Taylor & Francis Group
http:// taylo ra ndfra ncis.com
Financial Intelligence in
Human Resources Management<br/>
New Directions and Applications for Industry 4.0
Edited by<br/>
Gurinder Singh PhD<br/>
,
Hardeep Singh Dhann<ybr/>
Vikas Garg PhD<br/>
,
Silky Sharma
First edition published 2022
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Library and Archives Canada Cataloguing in Publication<br/>
Title: Financial intelligence in human resources management : new directions and applications for industry 4.0 / edited<br/>
by Gurinder Singh, PhD, Hardeep Singh Dhanny, Vikas Garg, PhD, Silky Sharma.<br/>
Names: Singh, Gurinder, editor. | Dhanny, Hardeep Singh, editor. | Garg, Vikas (Assistant director), editor. | Sharma, Silky, editor.<br/>
Description: First edition. | Includes bibliographical references and index.<br/>
Identifiers: Canadiana (print) 20200386778 | Canadiana (ebook) 20200386964 | ISBN 9781771889346 (hardcover) |<br/>
ISBN 9781003083870 (ebook)<br/>
Subjects: LCSH: Personnel management—Technological innovations. | LCSH: Personnel management—Economic aspects.<br/>
Classification: LCC HF5549.A27 F56 2DDC 021 | 658.300285—dc23
Library of Congress Cataloging-in-Publication Data<br/>
Names: Singh, Gurinder, editor. | Dhanny, Hardeep Singh, editor. | Garg, Vikas, editor. | Sharma, Silky, editor.<br/>
Title: Financial intelligence in human resources management : new directions and applications for industry 4.0 / edited by<br/>
Gurinder Singh, PhD, Hardeep Singh Dhanny, Vikas Garg, PhD, Silky Sharma.<br/>
Description: First edition. | Palm Bay, FL : Apple Academic Press, 2021. | Includes bibliographical references and index. |
Summary: “Financial Intelligence in Human Resources Management: New Directions and Applications for Industry 4.0
familiarizes readers with the very relevant concepts of human resources and finance in Industry 4.0. The book looks at
the adoption of current fast-moving computers and automation in the workplace and its impact on the financial aspects of
human resources and how HR can be enhanced with smart and autonomous systems fueled by data and machine learning.
The chapters offer case studies that provide firsthand knowledge of real-life problems, solutions, and situations faced by
the industry and highlight the thought process in resolution of the complex problems. Topics include HR management
approaches, global HR challenges, behavioral finance for financial acumen, corporate social responsibility, women
empowerment in the HR industry, emotional intelligence in the era of Industry 4.0, and more. The book will be very
informative academicians, students, research associates, and entrepreneurs, as well as for industry professionals and those
in the corporate sector” -- Provided by publisher.<br/>
Identifiers: LCCN 2020050415 (print) | LCCN 2020050416 (ebook) | ISBN 9781771889346 (hardcover) |<br/>
ISBN 9781003083870 (ebook)<br/>
Subjects: LCSH: Personnel management--Technological innovations. | Personnel management--Economic aspects.<br/>
Classification: LCC HF5549.5.T33 F56 2021 (print) | LCC HF5549.5.T33 (ebook) | DDC 658.3--dc23<br/>
LC record available at https://lccn.loc.gov/2020050415<br/>
LC ebook record available at https://lccn.loc.gov/2020050416
ISBN: 978-1-77188-934-6 (hbk)
ISBN: 978-1-77463-815-6 (pbk)
ISBN: 978-1-00308-387-0 (ebk)
About the Editors
Gurinder Singh, PhD
Group Vice Chancellor, Amity Universities,
Uttar Pradesh, India
Gurinder Singh, PhD, is the Director Executive
Programs Management Domain at Amity University
Uttar Pradesh, Greater Noida Campus, India. He
has extensive experience of more than 27 years in
institutional building, teaching, consultancy, research,
and industry. He holds the distinction of being the youngest Founder Pro
Vice-Chancellor of Amity University for two terms as well as the Founder
Director General of the International Business School and the Founder CEO
of the Association of International Business School, London, UK. He has
Bconducted muany internsational coinfernences, inceluding the sInternatiosnal
Horizons Conference, a landmark conference, for the last 20 years. He
heas also sconductted aIEEE cobnferencels iin Isndia anhd Londoen. He hdas
international campuses in many countries and has also made numerous
contributions to the academic field, including writing Scopus-indexed books
and research papers. He is the recipient of more than 25 international and
national awards and has been invited on many TV talk shows. A renowned
scholar and academician in international business, Dr. Singh earned his PhD
at the Indian Institute of Foreign Trade.
Brig. Hardeep Singh Dhanny, PhD
Hardeep Singh Dhanny, PhD, is the Dean of Management and Allied
Programs at Amity University Uttar Pradesh, Greater Noida Campus, India.
As an active researcher, he has written a number of Scopus-indexed books
and articles. He has conducted many prestigious national and international
conferences with illustrious internationally acclaimed academicians and
thought leaders. As a part of the Board of Industry at the university, he has
taken strong initiatives to bridge the gap between academia and industry,
thus helping to shape the future of budding professionals. An active mentor
and leader, he is working on path-breaking initiatives to enhance the quality
of education and to standardize business schools in India.
Vikas Garg, PhD
Vikas Garg, PhD, is the Director Executive Programs Management Domain
at Amity University Uttar Pradesh, Greater Noida Campus, India. He is UGC
NsET qpualifiede w ith c15 yeairs aof acaldemiicz experaience. tHisi aroeas of n
are accounting and finance, and his major interests are in financial
markets, financial reporting, and analysis. He is a lifetime member of the
Indian Commerce Association, Indian Accounting Association, and Indian
MManagemeant Assonciationa. He is gcertifiede in Cumstomer Releationshnip t
from the Indian Institute of Management Bangalore, India. He has
published numerous research papers in various Scopus- and ABDC-indexed
international and national journals. He holds many copyrights and patents
aand has osrganizeds many noational acnd interinataional contfereneces. He dis
with several universities as an external guide for research scholars and
has conducted many workshops at institutions.
Ms. Silky Sharma
Ms. Silky Sharma is the Program Director at Amity Business School, Amity
University Uttar Pradesh, Greater Noida Campus, India. She has considerable
sexperiepnce ine corporcate HRi aand acaldeimicz indusatry. Hetr aireao of n
includes managing talent for superior organizational performance. She
is UGC-NET qualified and is currently writing articles and research papers
for Scopus-indexed Springer books and journals in the area of finance, HR,
and social sciences. She has organized many national and international
conferences and is a member of several professional bodies, including the
All India Management Association. Ms. Sharma was awarded a Young HR
Manager Award by the Professional Network Group of India
Contents
Contributors ix
Abbreviations xi
Preface xiii
Introduction xv
1. HR Acumen in Industry 4.0: Managing Talent and
Achieving Balance in Life 1
2. HR Practices for Financial Acumen 21
3. Challenges to HR 4.0 in the Global Business Scenario 53
4. Global HR Challenges in Industry 4.0 71
5. Management Approaches for Industry 4.0 89
6. Recent Reforms in the HR 4.0 Industry 105
7. Behavioral Finance for Financial Acumen 119
8. Current Trends in Finance in the Context of Adoption of
Principle-Based Accounting Standards in Accounting Education 151
E9f.f ect of Corporate Social Responsibility on the Firm's Financial
Performance 173
10. Utilizing Corporate Social Responsibility as Financial Investment
Opportunity in Conserving Local Environment Toward Sustainable
Business 193
11. Crowdfunding in Financial Acumen 209
12. Linkage between Business Strategy of the Value Chain and
Industry 4.0 in Indian Context 225
13. Women Empowerment in HR Industry 243
14. Emotional Intelligence in the Era of Industry 4.0 263
15. Importance of Succession Planning in Empowering SMEs
for Inclusive Growth 279
16. Recent Financial Reforms: A Case Study on Developing and
Deploying an Income Prediction Model for a Personal Loan Portfolio 309
...
17. Effects of Career Planning and Development on Employee's
Performance: A Case Study of Equity Bank Rwanda
Public Limited Company 323
18. HR Analytics for Competitive Advantage 337
Index 355
Contributors
Divya Agarwal
Jesus and Mary College, University of Delhi, New Delhi. Delhi 110021, India
Shalini Aggarwal
Chandigarh University, Chandigarh 160036, India
Mehdi Benfadel
Iveco France, 14 Avenue du 24 Aout, 69960 Corbas, France
Vartika Chaturvedi
Jaipuria School of Business, Ghaziabad, Uttar Pradesh 201012, India
Ankita Dhamija
Lingaya's Lalita Devi Institute of Management & Sciences, Delhi 110047, India
H. S. Dhanny
Amity University, Noida, Uttar Pradesh 201308, India
Ahmed. A. Elngar
Beni-Suef University. Beni Suef City 62511, Egypt
Vikas Garg
Amity University, Noida, Uttar Pradesh 201308, India
Richa Goel
Amity International Business School, Amity University, Uttar Pradesh 201313, India
Anil K. Gupta
Division of Environment and Disaster Risk Management, National Institute of Disaster Management,
New Delhi. India 110001, India
Anubhuti Gupta
Amity University, Greater Noida, Uttar Pradesh 201308, India
Divyansh Gupta
Birla Institute of Technology and Science, Pilani, Rajastlian 333031, India
K. P. Kanchana
Jaipuria School of Business, Ghaziabad, Uttar Pradesh 201012, India
Shikha Kapoor
Amity International Business School, Amity University, Uttar Pradesh, 201313, India
Nitin Kulshrestha
Chandigarh University, Chandigarh 160036, India
Guneet Kaur Mann
Jaipuria Institute of Management, Ghaziabad 201014, Uttar Pradesh, India
Stephen Mckenna
Curtin University, School of Management, Bentley, WA 6102, Australia