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Finance for Strategic HR Management
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- Finance for Strategic HR Management
CPD StandardsInstant confirmationGlobal presenceThis course will address how firms can manage human resources (HR) as a source of competitive advantage. We will consider a wide array of strategic HR perspectives and how they apply in a variety of business contexts.
Lecture, discussion, and case analysis will be the primary methods used to examine models, structures, techniques, and processes for:
- managing HR
- building HR budgets,
- selecting the right metrics and meaningful KPIs to create value and positively impact corporate performance
- strategic planning for manpower and training
- montitoring and evaluation
- assessing ROI (return on investment)
Having a deeper understanding of the financial side of business, HR managers can gain valuable insight into company strategy and transform the HR function to assume a more strategically central role in the organisation.
Course Objectives
At the end of this course, delegates will have the knowledge and confidence to:
- Describe how a business operates and define key financial terms and concepts
- Determine how to build an HR budget
- Describe the link between financial measures and shareholder value
- Define key components of the income statement and balance sheet
- Identify ways to positively impact corporate performance
Who Should Attend?
This course is suitable for:
- HR Professionals looking to enhance their strategic financial knowledge
- HR Managers responsible for budgeting, forecasting, and resource allocation
- HR Directors involved in strategic planning and organisational development
- HR Business Partners supporting financial decision-making and demonstrating HR value
- Senior HR Leaders seeking to align HR functions with overall business objectives
Course Outline
- Understanding financial information and its role in business decision-making
- Exploring key financial statements: income statement, balance sheet, and cash flow statement
- Measuring and interpreting financial performance through essential financial ratios
- Understanding how financial data supports strategic HR decisions
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Accreditations
CPD Standards
Helping to develop learning worldwide.
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What our delegates say
Thank you for the opportunity for having attended Advanced Skills of the Bid and Tender Management Process from London Training for Excellence. It was a good experience as I find myself with added knowledge so as to contribute I a more quality manner to my com…
The course is very adaptable to everyday work and contributes to developing CSR framework in our own organisation. Very practical and useful.
The training provided by LondonTFE are very inspirational and thought provoking. The outlines are comprehensive and the method of teaching is mostly practice-oriented. The LondonTFE staff always been able to balance the composition of participants, which contr…
