• Understand and apply key financial concepts relevant to HR functions.
• Prepare and manage HR budgets aligned with organizational goals.
• Analyze and interpret financial statements for informed decision-making.
• Evaluate the financial implications of HR strategies and initiatives.
• Comprehend compliance issues and communicate HR’s financial impact effectively.

• HR Managers and Business Partners
• Compensation & Benefits Specialists
• Talent Acquisition and HR Analysts
• Managers from other departments with HR oversight

Module 1: Understanding Company Finances

• Measuring company performance
• Importance of financial knowledge for HR
• Key financial terms and concepts
• Core financial metrics relevant to HR

Module 2: Exploring and Interpreting Financial Statements

• Income statement analysis: revenue, expenses, profitability
• Balance sheet components: assets, liabilities, equity
• Cash flow statement insights
• Costing and budgeting basics for HR

Module 3: The HR Budgeting Process

• Types of budgeting approaches
• Common budgeting challenges
• Elements and steps in HR budget preparation
• Forecasting HR-related expenditures

Module 4: Making Financially Sound HR Decisions

• Aligning HR and organizational financial goals
• Evaluating financial outcomes of HR actions
• Cost-effective HR strategies
• Financial metrics to support HR initiatives

Module 5: Legal and Compliance Considerations

• HR-relevant financial regulations
• Data privacy and financial security
• Audit and compliance in HR financials
• Effective financial communication with leadership

Module 6: Financial Planning and Forecasting in HR

• Scenario planning and sensitivity analysis
• Long-term financial planning in HR
• Integration with overall business planning

Module 7: Compensation and Benefits Finance

• Budgeting for compensation structures
• Financial evaluation of benefits programs
• ROI on total rewards strategies

Module 8: HR Metrics and Financial Reporting

• Designing and interpreting HR financial dashboards
• KPIs for HR cost efficiency
• Data-driven decision-making in HR

Module 9: Strategic HR Financial Management

• Financial implications of workforce planning
• Linking HR initiatives to business performance
• HR’s role in value creation

Module 10: Capstone Case Study and Final Review

• Comprehensive case analysis
• Group presentation and discussion
• Final assessment and course wrap-up

The course combines various teaching methods, including instructor-led presentations, group discussions, case study analyses, and assessments through quizzes and a final exam to engage participants and ensure they understand and retain the material.