Commercial Finance for HR Professionals

Overview

The planning and budgeting process in most organizations starts with the human resources (HR) department. At the same time as the sales and marketing professionals are assessing product and service mix and making short and long-term forecasts of sales demand and prices, the HR department is assessing its current level of resources and the likely level of resources required both in the short and longer-term. The HR function plays an integral role in the budgeting of costs for the whole organization. It is also responsible for the preparation and management of its departmental budget, corporate finance and project finance and is accountable for the achievement of that budget. Financial awareness is therefore an essential requirement for every role at every level within the HR departments of modern business organizations.

The "Commercial Finance for HR Professionals" course is designed to provide human resources (HR) professionals with the essential knowledge and skills necessary to understand and apply commercial finance principles within the context of HR management. Geared towards HR managers, business partners, and professionals involved in strategic decision-making, this course offers a comprehensive understanding of commercial finance concepts and their relevance to HR functions.