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HR and the Complex World of Finance

Understand key financial information and how it can be used in addressing financial and HR management decision making activities.

There are numerous key management issues to be considered by CFOs and HR professionals. Which financial HR issues should be measured? How should they be reported? How should they be managed? How do they affect the bottom line? How will investors, stakeholders, and others benefit from the information provided? Does the organization measure and report both past performance and the achievement of future economic goals? How do employees impact the value of the organization? Business and financial management are critical issues for an organization, but increasingly, so too is HR management. Top management increasingly uses financial HR metrics and analytics as a crucial part of their strategic, financial, and business planning activities. These metrics are increasingly help top management make essential and timely decisions. Additionally, top management relies on these metrics and analytics to ascertain and handle vital operational and transactional issues, and they give them the power to understand, anticipate, manage, and monitor key areas. CPAs, and now HR, use these metrics to provide real-time data on how effectively their organizations are performing. From this perspective, these metrics and analytics play a crucial and valuable role in helping their organizations effectively identify, select, and manage their employees. Further they increasingly provide a scorecard of the organization's employment practices. As a result, HR metrics and analytics provide all levels of management within their organizations crucial information about how effectively their organizations are reaching their strategic objectives, achieving marketplace competitiveness, and managing financial risks. This topic is designed to discuss critical financial forms and issues and provide you with key financial information about their current use in addressing financial and HR management decision making activities.

Runtime: 89 minutes
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Why Lorman?

Over 33 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Agenda

Discussion of Key Strategic Management and Financial Issues

  • Discussion of the VUCA Analysis
  • Determining Key Strategic Management and Financial Factors
  • Discussion of the Components of Key Financial Documents, Including the Balance Sheet and the Income Statement
  • Discussion of the Link Between Key Financial Measures and Stakeholder Value

Key Human Capital Issues

  • Strategic HR Issues
  • Assessing Managing Corporate Performance
  • Developing an HR Budget
  • Developing and Using Important Managerial and HR Metrics

Managing Key Business - Finance and HR Management Metrics

  • ISO 30414, Guidelines for Internal and External Human Capital Reporting: Critical Issues for the Organization?
  • A Discussion of Critical Financial Terms
  • A Discussion of Critical HR Terms
  • Managing Important Financial and HR Measures
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More Program Information

Why Lorman?

Over 33 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Credits

OnDemand Course

This course was last revised on April 28, 2020.

Call 1-866-352-9540 for further credit information.

  • HR Certification Institute 1.5 including Business 1.5
     
  • This E-Learning program has been approved for 1.5 ( Business for 1.50 hours ) recertification credit hours toward aPHR(TM), aPHRi(TM), PHR®, PHRca®, SPHR®, GPHR®, PHRi(TM) and SPHRi(TM)recertification through HR Certification Institute® (HRCI®). For more information about certification or recertification, please visit the HR Certification Institute website at www.hrci.org.
     
  • SHRM 1.25
     
  • Lorman Education Services is recognized by SHRM to offer Professional Development Credits (PDCs) for the SHRM-CPSM or SHRM-SCPSM. This program is valid for 1.25 PDC(s) for the SHRM-CP or SHRM-SCP. For more information about certification or recertification, please visit www.shrmcertification.org.
     

To earn each credit Lorman offers through the OnDemand learning platform, you need to watch 100% of the program. Also, for certain credits you will need to fulfill additional requirements which will be displayed on the "credits" tab when viewing the course.

  • Those applying for AIA and HRCI must view 100% of the program and answer the questions following the program.

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

MP3 Download

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

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Why Lorman?

Over 33 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Faculty

Ronald Adler

Ronald Adler

Laurdan Associates, Inc.

  • President-CEO of Laurdan Associates, Inc.
  • 45 years of HR consulting experience
  • The developer of the Employment-Labor Law Audit™ (ELLA®), the nation’s leading HR auditing and employment practices liability risk assessment process - now in the tenth edition
  • Consulting expert on workforce, employment practices, and unemployment insurance issues
  • Frequent lecturer and writer on HR management and workplace issues
  • Former adjunct professor at Villanova University’s graduate program in human resources
  • M.B.A. degree, Southern Illinois University; B.S. degree in finance, University of Maryland
  • Can be contacted at 301-762-5794 or [email protected]
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Why Lorman?

Over 33 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

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Product ID: 407309
Published 2020
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