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Finance for Strategic HR Management
London Training For Excellence

Classroom based course with study materials, lecturer support and CPD Hours included

Summary

Price
£3,960 inc VAT
Study method
Online
Duration
5 days · Self-paced
Qualification
No formal qualification
Additional info
  • Tutor is available to students
8 students enquired about this course

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AI summary

This course equips HR professionals with a deeper understanding of finance, enabling them to strategically align HR with overall business objectives and add value to their organization.

What you'll learn
  • Key financial statements and measures of financial performance
  • Developing HR budgets and creating value through HR
  • Strategic HR planning and competitive HR strategies
  • Aligning HR to drive organizational change and add value
Who the course is for
  • HR managers and professionals looking to gain financial acumen
  • No prerequisites required
Key features
  • Suitable for learners wanting flexibility
  • Perfect for learners needing maximum flexibility around commitments
Skills & outcomes
  • Skills-based course designed to build practical financial knowledge for HR
  • Skills covered could benefit HR professionals in aligning their function with overall business strategy

AI generated summary, may contain mistakes. Full details in course description.

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Overview

This course will address how firms can manage human resources (HR) as a source of competitive advantage. We will consider a wide array of strategic HR perspectives and address the manner in which these perspectives may apply to a variety of hospitality contexts. Lecture, discussion, and case analysis will be the primary methods used to examine models, structures, techniques, and processes for managing HR and transforming the HR function to assume a more strategically central part of the firm. Having a deeper understanding of the financial side of business, HR managers can gain valuable insight into company strategy and can make their HR department an indispensable component of their organisation. A combination of regional and international case studies and examples will be incorporated into the course.

Description

Module 1 - Finance overview

  • Financial Information
  • Key Financial Statements
  • Measuring Financial Performance

Module 2 - HR Budget

  • The HR Department Budget
  • Creating Value

Module 3 - Strategic Planning

  • Strategy – direction, vision, and mission
  • Strategic manpower planning and forecasting
  • Strategic training needs analysis
  • Competitive HR strategies

Module 4 - Adding Value

  • Re-Aligning the HR function
  • Aligning and understanding the translation of strategy to make added value operation.
  • Creating added value mechanisms
  • Factors driving organisational change

Module 5 - Monitoring and Evaluation

  • HR Metrics and KPIs
  • Developing meaningful KPIs
  • Return On Investment (ROI) on Training

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Legal information

This course is advertised on Reed.co.uk by the Course Provider, whose terms and conditions apply. Purchases are made directly from the Course Provider, and as such, content and materials are supplied by the Course Provider directly. Reed is acting as agent and not reseller in relation to this course. Reed's only responsibility is to facilitate your payment for the course. It is your responsibility to review and agree to the Course Provider's terms and conditions and satisfy yourself as to the suitability of the course you intend to purchase. Reed will not have any responsibility for the content of the course and/or associated materials.

FAQs

Study method describes the format in which the course will be delivered. At Reed Courses, courses are delivered in a number of ways, including online courses, where the course content can be accessed online remotely, and classroom courses, where courses are delivered in person at a classroom venue.

CPD stands for Continuing Professional Development. If you work in certain professions or for certain companies, your employer may require you to complete a number of CPD hours or points, per year. You can find a range of CPD courses on Reed Courses, many of which can be completed online.

A regulated qualification is delivered by a learning institution which is regulated by a government body. In England, the government body which regulates courses is Ofqual. Ofqual regulated qualifications sit on the Regulated Qualifications Framework (RQF), which can help students understand how different qualifications in different fields compare to each other. The framework also helps students to understand what qualifications they need to progress towards a higher learning goal, such as a university degree or equivalent higher education award.

An endorsed course is a skills based course which has been checked over and approved by an independent awarding body. Endorsed courses are not regulated so do not result in a qualification - however, the student can usually purchase a certificate showing the awarding body's logo if they wish. Certain awarding bodies - such as Quality Licence Scheme and TQUK - have developed endorsement schemes as a way to help students select the best skills based courses for them.
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