Finance and Business Intelligence for HR Professionals

Transcription

1 Finance and Business Intelligence for HR s Page 1 of 12

2 Why Attend Times have changed. Business acumen and financial intelligence are now considered essential HR competencies. Everyone in a company, including HR, does better when they understand how they impact company performance and how financial success is measured. Indeed, if HR were to develop its own business and financial intelligence, it would become more involved and committed, and would surely be offered a seat at the business decision table. This course will equip participants with the basic financial and business tools necessary to speak and understand the language of business, extract and use meaningful information, analyze the numbers, produce in depth business insights and make enlightened decisions that have a measurable impact on the organization s overall performance. It is only when HR masters these tools that it will be perceived as a full-fledged business partner. The course follows a simple, focused, and practical methodology that will make the course s subject matter easily accessible and highly enjoyable. Course Methodology The course uses a mix of interactive techniques such as lecturettes, presentations by course participants, case studies, group activities as well hands-on activities that ensure deep learning of topics covered. Course Objectives By the end of the course, participants will be able to: Gather and interpret various financial data that demonstrate HR s contribution to the overall performance of the organization Link the dots between the organization s income statement, balance sheet and the HR function Explain why cash matters and how it is connected to everything else Calculate and apply various financial and business ratios that offer a quick shortcut to understanding what the financials are saying Use HR analytics to predict future outcomes of HR decisions Calculate and understand return of investment in HR Craft a strategy to create and sustain a financially literate HR department Target Audience This course is for all HR professionals who want to develop their financial and business intelligence. The course will help them realize that HR results alone do not matter and that what really matters is overall business results. Consequently this course is particularly designed for those HR professionals who have decided to grow into credible and effective business advocates, leaders and partners. Target Competencies Financial literacy HR analytics Analytical thinking General business acumen Decision making Note Course Outline HR and the language of business The exact meaning of HR as business partner The modern HR competency framework The meaning of financial intelligence and business acumen The four skills of financial intelligence Prescriptive and predictive HR analytics Using HR lagging and leading indicators for effective decision making Lagging indicators Page 2 of 12

3 Leading indicators Managing tomorrow, today Cracking the income statement and balance sheet codes Balance sheet basics Assets and liabilities The balance sheet should balance The income statement made simple Revenue Costs and expenses Total fixed cost Total variable cost Total cost Breakeven output/revenue and cost of employees The income statement affects the balance sheet Variances and percent calculations Employees as assets Cash matters Profit is not cash Cash flow language Cash connects with everything else Compensation and bonus plans Ratio analysis Analyzing ratios Profitability ratios Gross profit margin percentage Operating profit margin percentage Net profit margin percentage Return on assets Return on equity Liquidity ratios Current ratio Quick ratio Efficiency ratios Revenue per employee Total asset turnover Key HR ratios Total expense per employee Compensation as a percent of revenue Compensation as a percent of total expenses Opportunity cost of vacant positions Average employee productivity Cost per hire (at different levels of the company) Benefit cost as a percent of revenue/total expenses Page 3 of 12

4 Employee turnover Absenteeism rate Cost of absenteeism HR department expense as a percent of total expenses The rate of Return on Investment (ROI) Human resources vs. human capital All about the ROI Calculating the ROI Capital expenditures analysis ROI of outsourcing The Return on Learning (ROL) The Return on Human Capital (RoHC) The financially intelligent HR department Putting it all together; financial acumen, transparency and performance Financially intelligent managers and business health Financial intelligence and employee involvement and engagement Culture of financial transparency and intelligence Strategies for building HR financial and business acumen Page 4 of 12

5 Associations HR Certification Institute (HRCI) : Meirc is an approved provider with the HR Certification Institute. Established in 1976, HRCI is an internationally certifying organization for the human resource profession and a global leader in developing rigorous exams to demonstrate mastery and real-world application of forward-thinking HR practices, policies and principles. Today, more than 120,000 professionals worldwide proudly maintain their HR Certification Institute s credentials as a mark of high professional distinction. By successfully completing any Meirc program which is approved by HRCI, participants will earn credit hours essential for maintaining professional distinction of PHR, SPHR or GPHR. Society for Human Resource Management(SHRM) : Meirc is recognized by the Society of Human Resources Management (SHRM) as a Preferred Provider. This recognition implies that participants who attend any of the SHRM approved programs delivered by Meirc Training & Consulting will earn a number of Development Credits (PDCs) which will help them maintain their certification in SHRM-CPSM or SHRM-SCPSM. : US$ (including coffee breaks and a buffet lunch daily) Per participant VAT as applicable UAE Tax Registration Number Page 5 of 12

6 28 Oct - 1 Nov, 2018 Certificate in Competency Development and Implementation 28 Oct - 1 Nov, 2018 Certified Master Trainer 4-8 Nov, 2018 Istanbul 4-8 Nov, 2018 Employee Relations: Roles and Responsibilities 4-8 Nov, 2018 Strategic Human Resources Management 4-8 Nov, 2018 Workforce and Budgeting Nov, 2018 Certified Recruitment Specialist Nov, 2018 Certified Talent Acquisition Nov, 2018 HR Administration Skills Nov, 2018 HR Business : Roles, Responsibilities and Competencies Nov, 2018 Certified Training Manager Nov, 2018 Human Resources Management Nov, 2018 Certified HR Auditor Nov, 2018 Human Resources KPIs: Benchmarking HR Performance Nov, 2018 Strategic Recruitment, Interviewing and Selection 2-6 Dec, 2018 Career Development and Succession 2-6 Dec, 2018 Performance Management: Setting Objectives and Conducting Appraisals 9-13 Dec, 2018 Certified Compensation and Benefits 9-13 Dec, Dec, 2018 Human Resources KPIs: Benchmarking HR Performance Dec, 2018 Certified Employee Relations Dec, 2018 Certified Human Resources : Dec, 2018 Managing and Coordinating Training Dec, 2018 Recruitment, Interviewing and Selection Dec, 2018 HR Business : Roles, Responsibilities Page 6 of 12

7 and Competencies Dec, Dec - 3 Jan, 2019 Human Resources Management Jan, 2019 Certified Recruitment Specialist Jan, Jan, 2019 Human Resources Management 3-7 Feb, 2019 Employee Relations: Roles and Responsibilities Feb, 2019 Certified Compensation and Benefits Feb, 2019 Certified Human Resources : Feb, 2019 Career Development and Succession Feb, 2019 The Certified HR Administrator Abu Dhabi Feb, 2019 Certified Master Trainer Feb, 2019 Strategic Human Resources Management 3-7 Mar, 2019 Certified Talent Management 3-7 Mar, 2019 Recruitment, Interviewing and Selection Mar, 2019 Certified Employee Relations Mar, 2019 Compensation and Benefits Mar, Mar, 2019 Human Resources Management Mar, 2019 Certificate in Competency Development and Implementation Mar, 2019 Employee Engagement: Strategy and Practices Mar, 2019 Learning and Development: Tools and Strategies 31 Mar - 4 Apr, 2019 Excel Skills for HR and Admin s 31 Mar - 4 Apr, 2019 HR Skills for Non HR s 31 Mar - 4 Apr, 2019 Identifying Training Needs and Evaluating Training 31 Mar - 4 Apr, 2019 Workforce and Budgeting 7-11 Apr, 2019 Certified Compensation and Benefits Writing HR Policies and Procedures Page 7 of 12

8 7-11 Apr, 2019 e-hr: Modern Trends and Applications 7-11 Apr, 2019 Managing and Coordinating Training 7-11 Apr, 2019 Strategic Recruitment, Interviewing and Selection Apr, 2019 Employee Relations: Roles and Responsibilities Riyadh Apr, 2019 HR Business : Roles, Responsibilities and Competencies Apr, 2019 Certified Human Resources : Apr, 2019 Performance Management: Setting Objectives and Conducting Appraisals 28 Apr - 2 May, 2019 Career Development and Succession 28 Apr - 2 May, 2019 Certified Training Manager 28 Apr - 2 May, 2019 Skills for Human Resources Management Jun, 2019 Certified Talent Acquisition Jun, Jun, 2019 Certified Human Resources : Jun, 2019 Certified Recruitment Specialist 30 Jun - 4 Jul, 2019 The Certified HR Administrator Jul, 2019 Certified Human Resources : Kuala Lumpur Jul, 2019 Employee Relations: Roles and Responsibilities Jul, 2019 Certified Compensation and Benefits Jul, 2019 Barcelona 28 Jul - 1 Aug, 2019 Career Development and Succession 28 Jul - 1 Aug, 2019 Certificate in HR Auditing 28 Jul - 1 Aug, 2019 Employee Engagement: Strategy and Practices Page 8 of 12

9 4-8 Aug, 2019 Certified Recruitment Specialist Aug, 2019 Certified Human Resources : Barcelona Aug, 2019 Certified Training Manager Aug, 2019 Excel Skills for HR and Admin s Aug, 2019 Strategic Human Resources Management 1-5 Sep, 2019 Career Development and Succession 4-6 Sep, 2019 HR Business Beirut US$ Sep, Sep, 2019 Human Resources Management Sep, 2019 Certified HR Assessor Sep, 2019 Labor Law Workshop: Practical Applications US$ Sep, 2019 Skills for Human Resources Management Sep, 2019 Identifying Training Needs and Evaluating Training Riyadh Sep, 2019 Performance Management: Setting Objectives and Conducting Appraisals Sep, 2019 Recruitment, Interviewing and Selection 29 Sep - 3 Oct, 2019 Certified Human Resources : 29 Sep - 3 Oct, 2019 Employee On-Boarding: Induction and Job Orientation Techniques 6-10 Oct, 2019 Leadership Skills for HR Managers 6-10 Oct, 2019 Strategic Recruitment, Interviewing and Selection 6-10 Oct, 2019 Train the Trainer: From Design to Delivery Oct, 2019 Certified Compensation and Benefits Oct, 2019 Certified Employee Relations Oct, 2019 Certified Talent Management Oct, 2019 Human Resources Management Riyadh Oct, 2019 Certificate in Competency Development and Implementation Page 9 of 12

10 20-24 Oct, 2019 Human Resources KPIs: Benchmarking HR Performance Oct, 2019 Career Development and Succession Oct, Oct, 2019 Writing HR Policies and Procedures 3-7 Nov, 2019 Certified Human Resources : 3-7 Nov, 2019 Certified Recruitment Specialist 3-7 Nov, 2019 Managing and Coordinating Training Nov, 2019 Certificate in HR Auditing Nov, 2019 Certified Talent Acquisition Nov, 2019 Employee Engagement: Strategy and Practices Nov, 2019 Identifying Training Needs and Evaluating Training Nov, 2019 Strategic Human Resources Management Nov, 2019 Workforce and Budgeting Nov, 2019 The Certified HR Administrator Nov, 2019 Compensation and Benefits Nov, 2019 Employee Relations: Roles and Responsibilities Nov, 2019 Job Analysis and Evaluation Workshop Nov, 2019 e-hr: Modern Trends and Applications Nov, 2019 HR Business : Roles, Responsibilities and Competencies Nov, 2019 Learning and Development: Tools and Strategies 1-5 Dec, 2019 Certified Master Trainer 1-5 Dec, 2019 Recruitment, Interviewing and Selection 8-12 Dec, 2019 Human Resources Management Dec, 2019 Career Development and Succession Dec, 2019 Certified Recruitment Specialist Dec, 2019 Page 10 of 12

11 22-26 Dec, 2019 Certified Compensation and Benefits Dec, 2019 Certified Human Resources : Page 11 of 12

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