Finance for HR Professionals
This course provides HR professionals with the financial skills necessary to understand and manage budgets, analyze compensation costs, and measure the financial impact of HR initiatives.
Duration: 1 Day
Hours: 2 Hours
Training Level: All Levels
About the Course:
This course provides HR professionals with the financial skills necessary to understand and manage budgets, analyze compensation costs, and measure the financial impact of HR initiatives. It bridges the gap between HR strategy and financial performance.
Course Objective:
- Budget management for HR departments
- Analyzing compensation and benefits costs
- Understanding payroll metrics and compliance
- Measuring ROI on training and development programs
- Financial modelling for workforce planning
Who is the Target Audience?
- Human Resource Professionals, Supervisors, Team Leaders, Business Owners, Senior Executives, Entrepreneurs, Personal Development Specialist, Society for Human Resource Management, International Leadership Association, American Management, Managers, Team Leaders, Team Members, Coaches, Mentors, Department Heads, Trainers, Change Agents
Basic Knowledge:
- No prior knowledge is required
Curriculum
Total Duration: 2 Hours
Introduction to Financial Metrics for HR
- Overview of key financial statements and their HR relevance
HR Budgeting and Cost Management
- Allocating resources effectively across HR initiatives
Payroll and Benefits Analysis
- Understanding costs and compliance
Measuring ROI of HR Programs
- Using financial tools to evaluate training, recruitment, and retention efforts
Workforce Planning and Financial Forecasting
- Modeling for headcount and compensation scenarios
Case Studies
- Real-life examples of HR initiatives with measurable financial outcomes