TRAINING COURSES

Financial Skills for HR Professionals

Start Date: 10 Sep 2017
End Date: 14 Sep 2017
Duration: 5
Fees:
Country: Istanboul / Turkey
Category: Training & Human Resources
Details:

Course Description

Today HR is being increasingly challenged to meet the ever increasing expectations of its stakeholders and partners. These expectations include the need for HR to be an effective business partner, be seen to be adding visible and measurable value, and to be proactively contributing to the growth of the business’ bottom line. In order to meet this challenge, HR professionals must have a strong and thorough understanding of financial fundamentals, be comfortable in using financial language and be able to present convincing business cases in support of any HR initiatives that must be in alignment with the business’ financial, budgetary and strategic goals. This course allows participants to hone their skills; it is structured in a relatively easy way to give the knowledge that will be used in the daily work habits, for the benefit of customers and the organization

Course Objectives

·         Expanding knowledge of business areas outside HR

·         Identifying the key financial components of the annual report

·         Being familiar with the importance of cash flow to companies and shareholders

·         Understanding the measures and processes used to assess companies’ financial health

·         Recognizing the measures that are affected directly or indirectly by the HR function

·         Exploring methods of financing the business and financial planning issues

·         Focus on the relationship between the HR department and the finance department

Who Should Attend?

·         Managers

·         Supervisors

·         HR staff

·         Anyone involved in HR planning

Program Schedule

DAY 1

·         Introduction to finance

·         Overview of HR in banking and finance

·         Developing an HR strategy

·         Strategy into practice

DAY 2

·         How to optimally budget

·         Planning and financing the business

·         HR principles and actions from strategic goals 

·         Decision-making

DAY 3

·         Creating the ‘model workplace’

·         The income statement

·         Statement of cash flows and shareholders’ equity

·         Financial analysis

DAY 4

·         Diversity and equality

·         Pay and benefits in banking and finance

·         Impact of the recession on pay and benefits

·         Courting controversy – the public’s perception

DAY 5

·         Performance management

·         Human resource development

·         Programme review

·         Personal action planning

·         Problem solving exercises

 
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