Croner Training

Employment & HR

Finance skills for HR professionals

Date	3 December 2008
Duration	2 Days
Price	GBP 999 + VAT GBP 949.05 + VAT for Croner subscribers Hawksmere members' price: GBP 499.5 + VAT
Location	London
Venue	Kensington Close Hotel
Registration	9.00-9.30
Close of Seminar	5.00
Our code	26744
Also held on	There are no other dates for this event confirmed yet. Please call us on 0845 120 9602 for more information.

• Why you should attend this seminar
• Who should attend?
• Benefits of attending
• Programme
• Trainer
• Quotes from past delegates
• Are you a Croner Publications subscriber?
• 2nd delegate discount
• In-house training
• A total compliance solution

Why you should attend this seminar

It is generally accepted that an effective Human Resources depar™ent is an indispensable part of the success of any business. While you are perfectly at ease dealing with the people aspects of your role, you may well experience some misgivings when it comes to crossing functional boundaries into the finance area. If you are to contribute to the future of your organisation on the same basis as other functional heads, you must develop the ability to use financial information with the same degree of confidence as they do.

You can’t become an accountant overnight, but you can learn how financial cases are put together, how to think like the Finance Director and how HR adds value to the business in only two days. No prior knowledge of finance is assumed and every effort has been made to make the content of this programme as accessible and relevant as possible. There is no other seminar currently available in the UK offering a similar service to the HR professional.

Croner Training brings to this seminar the same authoritative content and attention to detail that characterises its published materials. Presented by an exceptional speaker who has extensive experience in training non-financial specialists, Finance skills for HR professionals will give you the boost you need to deal with numbers confidently.

Who should attend?

• Human resources professionals
• Personnel officers, managers and directors

The seminar is relevant for those working in the private sector, the public sector and not for profit organisations.

Benefits of attending

After attending this seminar you will be able to:

1. Prepare HR budgets with more depth and meaning

2. Review management information with a higher level insight

3. Communicate with the finance function in their language

4. Challenge numbers and know what key questions to ask about them

5. Contribute with confidence to board discussion about financial performance

6. Assess performance measurement and reward systems on their financial merits

7. Present clear financial cases for HR initiatives

8. Read the financial press with enthusiasm and a desire to understand what is happening in your market

9. And most importantly, state clearly to your board how HR adds real and significant financial value to the organisation

Programme

1. The balance sheet image – seeing the real business behind the numbers

• Getting a feel for the different types of asset
• Looking at liabilities and the risks attached to each
• How to assess the balance sheet strength and the management capability
• A simple, structured approach to interpretation of the numbers
• Key accounting language – gearing and liquidity

2. Income and expenditure profit and loss – developing the confidence to challenge the numbers

• How to get started – which numbers to look at first
• Learning to ask the right questions rather than to expect answers from the numbers
• Key accounting language – accruals, capital vs revenue, gross profit and ratios: how to judge performance quickly and intuitively
• Checking the cash – how to spot the danger signs in a business

3. The budget challenge – gaining peace of mind through doing it properly

• The language of budget planning – zero based, incremental, cost codes: how to understand what the finance function expects of you
• Your ‘monthly financial reports’ – how to understand where the accountants get those numbers from, and how to explain your variances
• How to learn from experience and reforecast with improved vision
• How Corporate Governance affects every budget holder’s role and responsibilities

4. The benefits of success – measuring and rewarding employee performance on financial merit

• Performance ratios – ROI, ROCE, EVA – and how to avoid the pitfalls in financial incentive schemes
• A more rounded approach to measuring performance – The Balanced Scorecard
• The taxation of salaries and benefits – update and efficiency check
• Understanding the real financial issues with pension schemes

5. The City – seeing the bigger financial picture

• How to read the financial pages: yields, price/earnings ratios, market capitalisation
• What influences share prices, and what is meant by terms such as ‘equity’ and ‘shareholder value’?
• Human capital value and HR accountability
• The annual report and the new operating and financial review – a brochure for all stakeholders: what the accounts reveal about a company’s image, social responsibility and pension fund!

6. Developing a business case for HR – getting approval for HR inves™ents

• How to think like the finance director
• The culture of value-based organisations
• The key drivers of value – future cash flows, relevant and irrelevant costs
• Understanding net present value and how inves™ent decisions are made
• The role of HR in successful financial decision making

7. Case study examples

How would you present a clear financial case for a fundamental reassessment of staff benefits and incentives covering the following:

• Closure of company car scheme with salary alternative offered
• Replacing the annual pay increase with a performance bonus paid 12 months in arrears
• Introduction of a long term management incentive scheme

Trainer

Charles Tuffin

Quotes from past delegates

“Useful presentation techniques and awareness of learning styles”

“Extremely well-delivered”

Are you a Croner Publications subscriber?

If so then you are entitled to an additional 5% discount on your booking. Simply enter your Croner BP number on our online booking form to qualify (offer applies to online bookings only).

If you are interested in subscribing to any Croner title and receiving this and other benefits then call 020 8547 3333 for more information.

2nd delegate discount

Booking a second place on this event entitles the second delegate to a 10% discount

In-house training

Tailor-made training for your organisation

This seminar can be presented exclusively for your organisation on an in-house basis, tailored to meet your specific needs. You can:

• Have the programme tailored to your specific needs
• Choose your preferred date and location
• Save on staff travel, time and accomodation costs
• Maximise the impact of the training by putting an entire team through the same programme

For more information about this service - and a no-obligation quotation - please call our in-house training team on 0845 082 1169 or email info@cronertraining.co.uk

A total compliance solution

Whether you’re an HR professional in a multi-national, managing personnel issues in a medium-sized organisation or running a small business we have the HR information you need to get the most out of your staff and comply with the law. From consultancy, and comprehensive online information services to books we have you covered. Simply visit www.croner.co.uk for more information.

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