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Financial Skills for HR Professionals


Location Start date End date Price Inquire Register
Istanbul 01.07.2018 05.07.2018 5,950 $ Inquire now Register
Dubai 01.07.2018 05.07.2018 3,950 $ Inquire now Register
Dubai 22.07.2018 26.07.2018 3,950 $ Inquire now Register
Dubai 05.08.2018 09.08.2018 3,950 $ Inquire now Register
Paris 05.08.2018 09.08.2018 5,950 $ Inquire now Register
Cairo 09.09.2018 13.09.2018 3,950 $ Inquire now Register
Dubai 09.09.2018 13.09.2018 3,950 $ Inquire now Register
Vienna 21.10.2018 25.10.2018 5,950 $ Inquire now Register
Dubai 21.10.2018 25.10.2018 3,950 $ Inquire now Register
Dubai 06.01.2019 10.01.2019 3,950 $ Inquire now Register
Istanbul 06.01.2019 10.01.2019 5,950 $ Inquire now Register
Dubai 10.02.2019 14.02.2019 3,950 $ Inquire now Register
Beirut 10.02.2019 14.02.2019 3,950 $ Inquire now Register
Dubai 10.03.2019 14.03.2019 3,950 $ Inquire now Register
Dubai 07.04.2019 11.04.2019 3,950 $ Inquire now Register
Casa Blanca 07.04.2019 11.04.2019 4,950 $ Inquire now Register
Madrid 07.04.2019 11.04.2019 5,950 $ Inquire now Register

Overview

The planning and budgeting process in most organisations starts with the human resources (HR) department. At the same time as the sales and marketing professionals are assessing product and service mix and making short and long-term forecasts of sales demand and prices, the HR department is assessing its current level of resources and the likely level of resources required both in the short and longer term. The HR function plays an integral role in the budgeting of costs for the whole organisation. It is also responsible for the preparation and management of its own departmental budget, and is accountable for the achievement of that budget. Financial awareness is therefore an essential requirement for every role at every level within the HR departments of modern business organisations.
 
Companies are increasingly integrating all their business processes using systems like ERP (enterprise resource planning). Each business function should therefore understand, and be able to communicate, accounting and financial (and non-financial) information. This seminar provides the required level of financial awareness and practical application for HR practitioners to appreciate accounting and finance in the broader context, and the HR function’s involvement in the organisation’s budgeting and budgetary control processes, and participate in the decision-making process. It also includes the techniques required to prepare a detailed budget for the HR department itself, and the management of the HR department’s actual budget performance.

Objectives

  • Company objectives and financial statements
  • Reading and interpreting financial statements
  • Discounted cash flow (DCF)
  • Costing
  • Decision-making
  • Budgeting
  • Cost/volume/profit (CVP) analysis
  • HR and the budget process
  • The HR budget
  • Measuring HR performance
  • Budgetary control
  • Capital investment appraisal
  • Capital budgeting