Conference on Financial Skills for HR Professionals

Overview:

Introduction:

This conference equips HR professionals with essential financial skills, helping them integrate financial principles into HR functions. Through it, participants will learn to manage budgets, control costs, and align compensation strategies with financial objectives, ensuring HR contributes effectively to organizational financial goals.

Conference Objectives:

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

• Understand key financial concepts relevant to HR functions.

• Develop and manage HR budgets efficiently.

• Align compensation and benefits strategies with financial goals.

• Use financial data to make informed decisions in HR.

• Forecast and plan workforce costs effectively.

Target Audience:

• HR Professionals.

• Managers and Supervisors involved in budgeting and finance.

• Compensation and Benefits Managers.

• Business Owners managing HR and financial functions.

Conference Outline:

Unit 1:

Introduction to Financial Concepts for HR:

• Understanding key financial terminology and principles.

• The role of HR in financial decision-making.

• Financial metrics and KPIs in HR functions.

• Interpreting financial statements relevant to HR.

• The importance of financial literacy for HR professionals.

Unit 2:

Budgeting and Cost Management in HR:

• Developing effective HR budgets.

• Managing costs in recruitment, training, and development.

• Allocating resources across HR functions.

• Techniques for controlling HR operational costs.

• Methods for forecasting HR expenses.

Unit 3:

Compensation and Benefits Strategy:

• Aligning compensation packages with financial objectives.

• Managing the financial implications of employee benefits.

• Total rewards strategy and cost-to-company analysis.

• Designing salary structures within budget constraints.

• Monitoring compensation trends to stay financially sustainable.

Unit 4:

Financial Decision-Making in HR:

• Using financial data for HR decision-making.

• Analyzing HR investments for return on investment (ROI).

• Supporting workforce planning with financial reports.

• Managing payroll and labor costs within financial limits.

• Best practices for financial decision-making across HR functions.

Unit 5:

Financial Forecasting and Workforce Planning:

• Importance of financial forecasting in HR operations.

• Aligning workforce planning with financial projections.

• Techniques for managing payroll and labor costs.

• Incorporating financial analysis into strategic HR planning.

• Developing sustainable workforce plans based on financial forecasts.