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Financial Intelligence for HR Professionals

Developing HR Pros' Financial Intelligence and Business Acumen

Ensure Everyone In HR Is Financially Intelligent

HR departments can be more than cost centers. In today’s world they need to be business partners and take a seat at the strategic table. But first, HR professionals must become more financially intelligent, to speak the language of business and understand their company’s financial goals and results.

HR professionals who want to sit at the strategic table must be financially intelligent.

This class will not only illuminate key financial concepts for your HR professionals, but also demonstrate how to use and apply them as part of their HR responsibilities.

Vital Skills Your Human Resources Professionals Will Take Away From This Class

• Make effective decisions. A thorough understanding of the key financial concepts needed to make effective HR decisions.
• Use financial terminology. An understanding of the terminology used by finance and accounting.
• Communicate effectively. The ability to communicate effectively and dynamically with bosses and subordinates and financial and accounting staff about the financial side of the business.
• Understand financial reports. Knowing the right questions to ask to understand the assumptions and data in the company’s financial reports.
• Tell company’s stories. Understanding how reading and analyzing financial statements and financial ratios can tell any company’s story (your own, a competitor’s, or a client’s).
• Assess ROI Confidently. The ability to confidently assess return on investment for potential expenditures.
• See Their Line of Sight. The ability to connect what they do to the company’s bottom line.

Topics to Consider for “Financial Intelligence for HR Professionals” Courses

• Key financial terms
• Reading the income statement, understanding where HR fits, and analyzing your company's income statement
• Key income statement terms and concepts such as revenue recognition, matching, expensing vs. capitalizing
• Reading the balance sheet, understanding how HR makes an impact, and analyzing your company's balance sheet
• Key balance sheet terms and concepts, such as accruals, accounts receivable, and depreciation
• Reading the cash flow statement and analyzing your company's cash flow statement
• Cash vs. cash flow, and cash vs. profit
• Financial ratio analysis of your company and a competitor
• Time value of money, future value, present value
• Return on investment methodologies
• Working capital management, DSO, DPO, and DII
• The marketplace, including obligations of a public company, Sarbanes-Oxley, financial expectations and measures used on Wall Street, and shareholder value
• Financial transparency, the pros and cons
• HR’s role in improving the numbers

Recommended Customization

• Presentation of and discussion about your financial goals
• Teaching and calculating your key measures and how HR makes an impact
• Reading and analyzing your income statement
• Discussing how you recognize revenue
• Reading and analyzing your balance sheet
• Reading and analyzing your cash flow statement
• Calculating your profitability, leverage, liquidity and efficiency ratios
• Calculating your competitor's profitability, leverage, liquidity, and efficiency ratios
• Discussing the meaning of the analysis results for the company as a whole and for HR specifically
• Your return on investment approach
• The measures the marketplace uses to assess your company
• Reading financial statements of operating units that HR supports

Where to Start

Call us and we can help you think through the appropriate content for your needs and target audience. Think about the following questions:

• What results do you want to achieve with the course?
• What is the current level of understanding and use of the concepts of your HR professionals?
• What measures does the leadership team study?
• What financial terms and concepts are used by leadership?

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