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Financial Skills for HR Professionals

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Financial Skills for HR Professionals

H229

Jeddah (Saudi Arabia)

25 May 2026 -05 Jun 2026

8330 €

Overview

Introduction:

This training program equipsparticipants with essential financial skills, enabling them to integrate financial principles into HR decision-making and contribute to organizational financial health. It empowers them to apply financial knowledge effectively within HR functions to drive strategic and operational success.

Program Objectives:

By the end of this program, participants will be able to:

  • Understand key financial principles relevant to HR.

  • Analyze financial statements and reports.

  • Apply budgeting and forecasting techniques in HR.

  • Manage compensation and benefits from a financial perspective.

  • Utilize financial data to support HR decision-making.

Targeted Audience:

  • HR Managers.

  • HR Analysts.

  • Compensation and Benefits Specialists.

  • HR Business Partners.

  • Organizational Development Professionals.

Program Outline:

Unit 1:

Introduction to Financial Principles:

  • Overview of basic financial concepts.

  • Understanding financial statements: balance sheet, income statement, and cash flow statement.

  • Key financial ratios and their implications.

  • The role of financial literacy in HR.

Unit 2:

Financial Analysis for HR Professionals:

  • Techniques for analyzing financial statements.

  • Identifying financial trends and patterns.

  • Utilizing financial ratios for HR decisions.

  • Interpreting financial data to assess organizational performance.

Unit 3:

Budgeting and Forecasting:

  • Basics of budgeting and financial forecasting.

  • Developing and managing HR budgets.

  • Forecasting HR-related expenses and revenues.

  • Techniques for variance analysis and budget adjustments.

Unit 4:

Compensation and Benefits Management:

  • Financial aspects of compensation planning.

  • Designing and managing employee benefit programs.

  • Cost analysis of compensation and benefits.

  • Benchmarking and salary surveys.

Unit 5:

Cost-Benefit Analysis in HR:

  • Conducting cost-benefit analyses for HR initiatives.

  • Evaluating the financial impact of HR programs.

  • Justifying HR expenditures with financial data.

  • Case studies of HR cost-benefit analysis.

Unit 6:

Financial Reporting and Compliance:

  • Understanding financial reporting requirements.

  • Compliance with financial regulations affecting HR.

  • Reporting HR financial data to stakeholders.

  • Managing financial audits and reviews.

Unit 7:

Strategic Financial Planning for HR:

  • Aligning HR strategies with financial goals.

  • Integrating financial planning with HR strategic planning.

  • Developing financial metrics for HR success.

  • Case studies on strategic financial planning.

Unit 8:

Financial Risk Management:

  • Identifying financial risks in HR operations.

  • Strategies for mitigating financial risks.

  • Understanding insurance and liability issues.

  • Risk management techniques for HR professionals.

Unit 9:

Leveraging Financial Data for Decision-Making:

  • Utilizing financial data to support HR decisions.

  • Analyzing financial impact on HR strategies.

  • Communicating financial information effectively.

  • Tools and techniques for financial data analysis.

Unit 10: 

Emerging Trends and Technologies in HR Finance:

  • Exploring new trends in HR financial management.

  • The role of technology and automation in financial HR processes.

  • Adapting to changes in financial regulations and standards.

  • Future directions for financial skills in HR.