Finance and Business Intelligence for HR s Page 1 of 12
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
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
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
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 - 2018 + VAT as applicable UAE Tax Registration Number 100239834300003 Page 5 of 12
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 11-15 Nov, 2018 Certified Recruitment Specialist 11-15 Nov, 2018 Certified Talent Acquisition 11-15 Nov, 2018 HR Administration Skills 11-15 Nov, 2018 HR Business : Roles, Responsibilities and Competencies 18-22 Nov, 2018 Certified Training Manager 18-22 Nov, 2018 Human Resources Management 25-29 Nov, 2018 Certified HR Auditor 25-29 Nov, 2018 Human Resources KPIs: Benchmarking HR Performance 25-29 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, 2018 9-13 Dec, 2018 Human Resources KPIs: Benchmarking HR Performance 16-20 Dec, 2018 Certified Employee Relations 16-20 Dec, 2018 Certified Human Resources : 16-20 Dec, 2018 Managing and Coordinating Training 16-20 Dec, 2018 Recruitment, Interviewing and Selection 23-27 Dec, 2018 HR Business : Roles, Responsibilities Page 6 of 12
and Competencies 23-27 Dec, 2018 30 Dec - 3 Jan, 2019 Human Resources Management 20-24 Jan, 2019 Certified Recruitment Specialist 27-31 Jan, 2019 27-31 Jan, 2019 Human Resources Management 3-7 Feb, 2019 Employee Relations: Roles and Responsibilities 10-14 Feb, 2019 Certified Compensation and Benefits 10-14 Feb, 2019 Certified Human Resources : 17-21 Feb, 2019 Career Development and Succession 17-21 Feb, 2019 The Certified HR Administrator Abu Dhabi 24-28 Feb, 2019 Certified Master Trainer 24-28 Feb, 2019 Strategic Human Resources Management 3-7 Mar, 2019 Certified Talent Management 3-7 Mar, 2019 Recruitment, Interviewing and Selection 10-14 Mar, 2019 Certified Employee Relations 10-14 Mar, 2019 Compensation and Benefits 17-21 Mar, 2019 17-21 Mar, 2019 Human Resources Management 24-28 Mar, 2019 Certificate in Competency Development and Implementation 24-28 Mar, 2019 Employee Engagement: Strategy and Practices 24-28 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
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 14-18 Apr, 2019 Employee Relations: Roles and Responsibilities Riyadh 14-18 Apr, 2019 HR Business : Roles, Responsibilities and Competencies 21-25 Apr, 2019 Certified Human Resources : 21-25 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 16-20 Jun, 2019 Certified Talent Acquisition 16-20 Jun, 2019 23-27 Jun, 2019 Certified Human Resources : 23-27 Jun, 2019 Certified Recruitment Specialist 30 Jun - 4 Jul, 2019 The Certified HR Administrator 14-18 Jul, 2019 Certified Human Resources : Kuala Lumpur 14-18 Jul, 2019 Employee Relations: Roles and Responsibilities 21-25 Jul, 2019 Certified Compensation and Benefits 21-25 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
4-8 Aug, 2019 Certified Recruitment Specialist 18-22 Aug, 2019 Certified Human Resources : Barcelona 18-22 Aug, 2019 Certified Training Manager 18-22 Aug, 2019 Excel Skills for HR and Admin s 25-29 Aug, 2019 Strategic Human Resources Management 1-5 Sep, 2019 Career Development and Succession 4-6 Sep, 2019 HR Business Beirut US$ 3600 8-12 Sep, 2019 8-12 Sep, 2019 Human Resources Management 15-19 Sep, 2019 Certified HR Assessor 15-17 Sep, 2019 Labor Law Workshop: Practical Applications US$ 3600 15-19 Sep, 2019 Skills for Human Resources Management 15-19 Sep, 2019 Identifying Training Needs and Evaluating Training Riyadh 22-26 Sep, 2019 Performance Management: Setting Objectives and Conducting Appraisals 22-26 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 13-17 Oct, 2019 Certified Compensation and Benefits 13-17 Oct, 2019 Certified Employee Relations 13-17 Oct, 2019 Certified Talent Management 13-17 Oct, 2019 Human Resources Management Riyadh 20-24 Oct, 2019 Certificate in Competency Development and Implementation Page 9 of 12
20-24 Oct, 2019 Human Resources KPIs: Benchmarking HR Performance 27-31 Oct, 2019 Career Development and Succession 27-31 Oct, 2019 27-31 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 10-14 Nov, 2019 Certificate in HR Auditing 10-14 Nov, 2019 Certified Talent Acquisition 10-14 Nov, 2019 Employee Engagement: Strategy and Practices 10-14 Nov, 2019 Identifying Training Needs and Evaluating Training 10-14 Nov, 2019 Strategic Human Resources Management 10-14 Nov, 2019 Workforce and Budgeting 17-21 Nov, 2019 The Certified HR Administrator 17-21 Nov, 2019 Compensation and Benefits 17-21 Nov, 2019 Employee Relations: Roles and Responsibilities 17-21 Nov, 2019 Job Analysis and Evaluation Workshop 24-28 Nov, 2019 e-hr: Modern Trends and Applications 24-28 Nov, 2019 HR Business : Roles, Responsibilities and Competencies 24-28 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 15-19 Dec, 2019 Career Development and Succession 15-19 Dec, 2019 Certified Recruitment Specialist 15-19 Dec, 2019 Page 10 of 12
22-26 Dec, 2019 Certified Compensation and Benefits 22-26 Dec, 2019 Certified Human Resources : Page 11 of 12
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