
Financial Skills for HR Professionals
Location | Start Date | End Date | Fees | Enquire | Register | Download & Print |
---|---|---|---|---|---|---|
Athens | 17 Feb 2025 | 21 Feb 2025 | 5900€ | Enquire Now | Register Now | |
Casablanca | 03 Mar 2025 | 07 Mar 2025 | 3800€ | Enquire Now | Register Now | |
Dubai | 10 Mar 2025 | 14 Mar 2025 | 3400€ | Enquire Now | Register Now | |
Kuala Lumpur | 17 Mar 2025 | 21 Mar 2025 | 3800€ | Enquire Now | Register Now | |
London | 31 Mar 2025 | 04 Apr 2025 | 5900€ | Enquire Now | Register Now | |
Cairo | 07 Apr 2025 | 11 Apr 2025 | 3400€ | Enquire Now | Register Now | |
Paris | 14 Apr 2025 | 18 Apr 2025 | 5900€ | Enquire Now | Register Now | |
Barcelona | 21 Apr 2025 | 25 Apr 2025 | 5900€ | Enquire Now | Register Now | |
Singapore | 12 May 2025 | 16 May 2025 | 4300€ | Enquire Now | Register Now | |
Vienna | 19 May 2025 | 23 May 2025 | 5900€ | Enquire Now | Register Now | |
Madrid | 26 May 2025 | 30 May 2025 | 5900€ | Enquire Now | Register Now | |
Amsterdam | 02 Jun 2025 | 06 Jun 2025 | 5900€ | Enquire Now | Register Now | |
Zürich | 25 Aug 2025 | 29 Aug 2025 | 5900€ | Enquire Now | Register Now | |
Financial Skills for HR Professionals Course
Introduction :
The "Financial Skills for HR Professionals" course is designed to empower HR practitioners with essential financial knowledge and skills necessary for strategic decision-making within their organizations. In the increasingly interconnected nature of business, HR professionals must be equipped to understand financial concepts and how they impact human resource management. This course will cover fundamental financial principles, budgeting and forecasting, compensation analysis, and the financial implications of HR decisions. By the end of the course, participants will have a stronger grasp of financial concepts that will enable them to contribute to their organization's financial health and strategy.
Target Audience :
- HR professionals seeking to enhance their financial acumen.
- HR managers and executives involved in strategic planning and decision-making.
- Individuals looking to bridge the gap between HR and finance functions.
- New HR practitioners who want to understand the financial aspects of HR management.
Course Objectives :
- Understand key financial concepts and terminology relevant to HR.
- Develop and manage HR budgets effectively.
- Analyze compensation structures and their financial implications.
- Interpret financial statements and metrics to inform HR decisions.
- Utilize financial data to support strategic HR initiatives and organizational goals.
Course Modules :
Introduction to Financial Concepts for HR
- Understanding the basics of finance and accounting.
- Key financial terms and concepts every HR professional should know.
- The role of finance in strategic HR management.
Understanding Financial Statements
- Overview of core financial statements: balance sheet, income statement, cash flow statement.
- How to read and interpret financial statements relevant to HR.
- Analyzing financial health and performance indicators.
Budgeting for HR Functions
- The importance of budgeting in HR planning.
- Steps to create and manage an annual HR budget.
- Techniques for tracking expenses and evaluating budget performance.
Compensation and Benefits Cost Analysis
- Understanding the components of total compensation.
- Techniques for analyzing compensation structures and salary surveys.
- Financial implications of employee benefits programs.
Cost-Benefit Analysis for HR Programs
- Introduction to cost-benefit analysis and its applications in HR.
- Evaluating the financial impact of HR initiatives (training, recruitment, etc.).
- Tools and methodologies for conducting a cost-benefit analysis.
HR Metrics and Key Performance Indicators (KPIs)
- Identifying key HR metrics that impact the financial bottom line.
- Understanding the significance of HR KPIs in decision-making.
- Techniques for tracking and reporting HR metrics.
Forecasting and Financial Projections
- Fundamentals of financial forecasting for HR initiatives.
- Methods for projecting future HR costs and resource needs.
- Integrating HR forecasts with organizational financial planning.
Aligning HR Strategy with Financial Goals
- Understanding how HR initiatives can support overall business objectives.
- Techniques for aligning HR strategy with financial performance metrics.
- Building business cases for HR investments based on financial analysis.