Human Resources (HR) professionals play a critical role in managing the financial aspects of their organization's HR initiatives. Day 2 of this workshop focuses on equipping HR professionals with the tools and techniques needed to effectively manage HR budgets and assess the financial impact of key HR activities.
Participants will also learn how to analyze the financial impact of HR initiatives like talent acquisition, compensation, and training. Additionally, strategies for working effectively with Finance colleagues and auditors will be covered, enabling HR professionals to justify HR program expenses and demonstrate their value in contributing to the organization’s overall financial performance. By the end of the session, participants will be equipped to make data-driven financial decisions that support HR and organizational success.
On the completion of this course, you will be able to:
- Manage HR budget to achieve organizational goals
- Analyse financial impact of HR initiatives
- Identify strategies to work effectively with Finance colleagues and auditors
Programme Outline
Day 2- Budgeting for HR
- Role of HR: budget preparation, monitoring and controlling expenses
- Understand HR costs: types, drivers and impact on profitability
- HR budgeting process: forecasting, cost allocation, cost control strategies, align with organizational goals
- Budgeting techniques: Activity-based costing to identify and manage HR program costs
- Financial Analysis for HR Decisions
- Analyse financial impact of HR initiatives: talent acquisition, compensation & benefits, training & development
- Technique: Cost-Volume-Profit (CVP) analysis
- Reporting: Justify HR program expenses based on financial impact, storytelling with data
- Working with Finance department and Auditors
- Strategies to collaborate with Finance colleagues
- Strategies to manage auditor requests
Bundle Enrolment for Financial Acumen for HR Professionals |
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Ala-Carte Enrolment for Financial Acumen for HR Professionals (Day 2) |
Financial Fundamentals for HR Professionals (Day 1) .png?Status=Temp&sfvrsn=ce733c9c_6)
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For IHRP Members, please enter the promo code at checkout to enjoy the Member Rate For Non-Members Rate (2 Day): $925.41 For Non-Members Rate (1 Day): $485.05 |
Training Methodology
This course benefits HR professionals looking to enhance their strategic role within their organisations through improved financial acumen.
This workshop is also designed for professionals, including managers, specialists, and business partners, who aim to strengthen their financial understanding to align HR initiatives with organisational goals. It is ideal for those seeking foundational knowledge of financial statements and ratios to analyze organisational performance and support data-driven decision-making.
Closing Date for Registration
1 week before programme or until full enrolment.
Intended For
The course benefits HR professionals aiming to enhance their ability to justify HR program expenses and make data-driven decisions that align with organizational goals and drive financial success.
This workshop is also designed for professionals, including managers, specialists, and leaders, who are responsible for managing HR budgets and analyzing the financial impact of HR initiatives. It is ideal for those seeking practical skills in budgeting techniques, cost analysis, and collaboration with finance teams and auditors.
Schedule & Fees
Testimonial
Funding
No funding Available!
Programme Facilitator(s)
Human Resources (HR) professionals play a critical role in managing the financial aspects of their organization's HR initiatives. Day 2 of this workshop focuses on equipping HR professionals with the tools and techniques needed to effectively manage HR budgets and assess the financial impact of key HR activities.
Participants will also learn how to analyze the financial impact of HR initiatives like talent acquisition, compensation, and training. Additionally, strategies for working effectively with Finance colleagues and auditors will be covered, enabling HR professionals to justify HR program expenses and demonstrate their value in contributing to the organization’s overall financial performance. By the end of the session, participants will be equipped to make data-driven financial decisions that support HR and organizational success.
On the completion of this course, you will be able to:
- Manage HR budget to achieve organizational goals
- Analyse financial impact of HR initiatives
- Identify strategies to work effectively with Finance colleagues and auditors
Programme Outline
Day 2- Budgeting for HR
- Role of HR: budget preparation, monitoring and controlling expenses
- Understand HR costs: types, drivers and impact on profitability
- HR budgeting process: forecasting, cost allocation, cost control strategies, align with organizational goals
- Budgeting techniques: Activity-based costing to identify and manage HR program costs
- Financial Analysis for HR Decisions
- Analyse financial impact of HR initiatives: talent acquisition, compensation & benefits, training & development
- Technique: Cost-Volume-Profit (CVP) analysis
- Reporting: Justify HR program expenses based on financial impact, storytelling with data
- Working with Finance department and Auditors
- Strategies to collaborate with Finance colleagues
- Strategies to manage auditor requests
Bundle Enrolment for Financial Acumen for HR Professionals |
Financial Acumen for HR Professionals (Day 1 and Day 2)
|
Ala-Carte Enrolment for Financial Acumen for HR Professionals (Day 2) |
Financial Fundamentals for HR Professionals (Day 1)
|
For IHRP Members, please enter the promo code at checkout to enjoy the Member Rate For Non-Members Rate (2 Day): $925.41 For Non-Members Rate (1 Day): $485.05 |
Training Methodology
This course benefits HR professionals looking to enhance their strategic role within their organisations through improved financial acumen.
This workshop is also designed for professionals, including managers, specialists, and business partners, who aim to strengthen their financial understanding to align HR initiatives with organisational goals. It is ideal for those seeking foundational knowledge of financial statements and ratios to analyze organisational performance and support data-driven decision-making.
Closing Date for Registration
1 week before programme or until full enrolment.
Intended For
The course benefits HR professionals aiming to enhance their ability to justify HR program expenses and make data-driven decisions that align with organizational goals and drive financial success.
This workshop is also designed for professionals, including managers, specialists, and leaders, who are responsible for managing HR budgets and analyzing the financial impact of HR initiatives. It is ideal for those seeking practical skills in budgeting techniques, cost analysis, and collaboration with finance teams and auditors.
Programme Facilitator(s)
