Event Details
Finance for Non-Financial HR Managers Speaker: Vince Camacho
| Date: | April 6, 2016, 8:00am – 10:30am |
| Organizer: | SHRM Guam Chapter |
| Location: | Westin Resort Guam, Somnak Room |
| Price: | $25-Members/$35-Non-members |
| Event Type: | Breakfast Briefing |
| iCal link | Add to Calendar |
Register Now Registration opens at 7:30AM
As an HR professional are you financially literate? Do you have skin the game?
As an HR professional you should be able to read and understand your company’s income statement, balance sheet, and cash flow statement and you should be able to deal with the “whole” budgeting process, capital investments, depreciation and so on.
Benefits of financial literacy:
1) Ability to move HR from a tactical to a strategic organization.
2) Ability to evaluate your company critically.
3) Ability to understand the business.
4) Ability to understand the bias in the numbers.
5) Ability to form relationships with Finance.
6) Ability to use numbers and financial tools to make and analyze decisions.
Financial literacy benefits the company:
1) Strength and balance throughout the organizations.
2) Better decisions.
3) Greater alignment.
Financial literacy for HR professionals requires the following skill sets:
1) Understanding the basics of financial management.
2) Understanding how the aspect of finance is applied to the numbers and how applying the numbers differently may lead to different conclusions.
3) Understanding the analysis.
4) Understanding the big picture.
Learn how to speak the finance language, ask questions, and use the information so as to connect the dots between financial results and the work of the HR professional.
