1-Day Finance for HR Leaders Certificate Program: Master Business Finance to Drive HR Success

Instructor: Son Ha Chung, MBA, SHRM-SCP, CSSGB, SAFe 6 Agilist, Prosci®, LUMA Practitioner

Continuing Education Credits:

• HRCI – 7 HR (General) Credits
• SHRM – 7 PDC’s

Schedule: 10:00 AM – 6:00 PM Eastern Time (Detailed Agenda Below)

Elevate Your HR Leadership with Financial Acumen

Are you seen as a cost center or a profit driver? If you are an HR professional, business leader, or high-potential talent ready to make a big impact in the boardroom and on the bottom line of your organization, you need this course! The 1-Day Finance for HR Leaders Certificate Program equips you with the financial insights and strategic tools needed to position HR as a critical driver of business success.

Led by an industry expert in HR strategy, finance, and leadership, this immersive program combines live coaching, interactive discussions, and practical exercises to bridge the gap between HR and finance. Learn to speak the language of finance, present compelling business cases, and make data-driven decisions that boost your credibility with executives and stand out as an HR finance leader. Enhance your strategic value, build confidence, and gain the skills needed to showcase HR’s financial impact in any business environment.

Why Attend This Training Program?

• Transform HR from a Cost Center to a Profit Driver: Learn how to demonstrate HR’s contribution to the bottom line in financial terms.
• Enhance Financial Literacy: Master financial terminology and concepts critical to strategic HR leadership.
• Build Executive-Level Confidence: Gain tools to effectively present financial insights to senior leadership.
• Learn from an Expert: Benefit from practical insights from an instructor with deep experience in finance, HR strategy, and leadership.
• Access Valuable Resources: Receive financial tools, templates, and guides to support ongoing professional growth.
• Earn Continuing Education Credits: Enhance your professional credentials with HRCI and SHRM credits.

Program Features:

• Expert Instruction: Led by a seasoned professional in HR, finance, and business strategy.
• Interactive Training: Engaging sessions with practical examples, breakout discussions, and group exercises.
• Comprehensive Materials: Slide deck, workbook, and case studies to reinforce learning.
• Financial Tools & Templates: Resources for budgeting, forecasting, and financial analysis.
• Certificate of Completion: Showcase your financial expertise to colleagues and employers.

Topics Covered:

• Welcome & Orientation:
• • Introduction to finance in the HR context.
  • Setting learning objectives and participant goals.
  • Understanding key financial concepts relevant to HR.
• Financial Literacy for HR Leaders:
• • Understanding Financial Statements: Income statements, balance sheets, and cash flow reports.
  • Key Financial Principles: Profitability, revenue, expenses, and business success metrics.
  • Financial Metrics for HR: Cost per hire, turnover costs, and ROI on HR initiatives.
  • Introduction to Financial Ratios: Key ratios that HR leaders should know (e.g., profitability, efficiency, liquidity).
• HR Budgeting & Cost Management:
• • Budget Planning: Forecasting salaries, benefits, and hiring costs.
  • Cost Management: Identifying financial waste and implementing savings strategies.
  • Budget Allocation Techniques: Prioritizing spending to align with organizational goals.
  • Scenario Planning: Preparing for financial fluctuations and economic impacts on HR budgets.
  • Implementing Zero-Based Budgeting: Practical steps to justify HR expenses.
• Compensation & Benefits Strategy:
• • Aligning Salary Structures: Developing competitive and financially sound compensation strategies.
  • Incentives and Benefits: Structuring packages that align with business goals.
  • Compensation Benchmarking: Using market data to stay competitive.
  • Financial Impact of Benefits Programs: Evaluating the ROI of health, wellness, and retirement plans.
  • Building Performance-Based Incentive Programs: Balancing rewards with financial sustainability.
• Workforce Planning & Financial Impact:
• • Measuring ROI on Training & Development: Proving the financial benefit of HR initiatives.
  • Turnover Costs & Retention Strategies: Understanding the financial implications of employee turnover.
  • Workforce Analytics: Using data to drive strategic staffing decisions.
  • Evaluating Recruitment Costs: Calculating the cost per hire and optimizing recruitment budgets.
  • Financial Forecasting for Workforce Planning: Predicting staffing needs and associated costs.
• Communicating HR’s Financial Value:
• • Speaking the Language of Finance: Presenting HR metrics in executive discussions.
  • Storytelling with Data: Translating financial metrics into compelling business insights.
  • Developing Financial Dashboards: Creating visual presentations of HR financial data.
  • Influencing Stakeholders: Using financial insights to gain buy-in for HR initiatives.
  • Building a Business Case: Presenting financial justifications for HR projects.
• Building Financial Confidence:
• • Case Studies & Real-World Scenarios: Applying financial strategies to HR challenges.
  • Tools & Templates: Practical resources to support budgeting, forecasting, and reporting.
  • Hands-On Exercises: Practicing financial calculations and interpretations.
  • Financial Role-Playing Scenarios: Simulating discussions with finance teams and executives.
  • Creating a Personal Action Plan: Identifying specific steps to enhance financial skills in your roles

Target Audience:

• HR Managers & Directors: Looking to enhance their financial influence.
• Learning & Development Professionals: Aiming to show ROI on training programs.
• Talent Management & DEI Leaders: Seeking to align initiatives with financial strategies.
• Business Leaders & Executives: Interested in leveraging HR for business success.
• High-Potential Professionals: Aspiring to strategic roles in HR and business management.

Agenda:

10:00 am – 10:30 am: Welcome & Orientation

• Introduce the instructor and participants.
• Outline objectives and key topics.
• Define the financial impact of HR in business strategy.
• Establish expectations and goals for the day.

10:30 am – 11:30 am: Understanding Financial Statements

• Break down income statements, balance sheets, and cash flow reports.
• Practice interpreting financial documents with case studies.
• Identify key financial indicators relevant to HR.

11:30 am – 12:30 pm: Budgeting & Cost Management for HR

• Explore effective budgeting strategies.
• Learn to forecast expenses and manage financial risks.
• Develop practical cost-saving initiatives for HR departments.

12:30 pm – 1:30 pm: Lunch Break

1:30 pm – 2:30 pm: Compensation & Benefits Strategy

• Aligning compensation with business financial goals.
• Evaluating the financial impact of benefits packages.
• Designing performance-based incentive programs.

2:30 pm – 3:30 pm: Workforce Planning & ROI on HR Initiatives

• Measure and communicate the ROI of HR programs.
• Understand financial metrics related to recruitment, training, and retention.
• Utilize workforce planning tools to optimize staffing budgets.

3:30 pm – 3:45 pm: Short Break

3:45 pm – 4:45 pm: Speaking the Language of Finance

• Develop skills to translate HR metrics into financial insights.
• Learn to influence stakeholders with data-driven presentations.
• Practice presenting financial cases in a simulated boardroom setting.

4:45 pm – 5:45 pm: Real-World Application: Case Studies & Financial Tools

• Apply concepts to real-world HR scenarios.
• Use provided templates to solve budgeting and financial analysis challenges.
• Collaborate on group exercises to reinforce learning.

5:45 pm – 6:00 pm: Q&A and Action Planning

• Recap key learnings and set personal goals.
• Provide additional resources for continued development.
• Create a personalized action plan to implement financial strategies in your role.

Enroll Now & Advance Your HR Career!

Take the next step toward becoming a strategic HR leader who drives business success through financial acumen. Gain the confidence, tools, and insights needed to elevate HR’s role in your organization’s financial strategy.

Sign up today and transform the way you lead!