Business will always be a numbers game, and if you want to be an integral part of a company's success, you need to be financially intelligent. To be a true business partner with senior management, human resource professionals must understand the basics of financial measurement and analysis, effectively control the financial impact of human resource strategies, and work to align the company's strategy with human capital.
This course provides an introduction to accounting practices. Typical company financial statements are examined and discussed, including the balance sheet, the income statement, and the statement of cash flows. The course explores measurements of the productivity of all major human resource functions including staffing, compensation, training, and employee relations. Students are given tools that allow them to gauge the effectiveness of human resources and communicate with senior management in the quantitative language they understand.
Upon successful completion of the course students will be able to:
- Manage budgets and expenditures
- Create HR metrics
- Understand and analyze fact-based “dashboards”
- Demonstrate financial literacy, return on HR investments, and accountability
- Utilize data, metrics, statistics, and scientific methods in making sound business leadership practices
Foundations of Human Resource Management or consent of instructor
Applies Towards the Following Certificates
- Human Resource Management : Elective Courses (12 units total)