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Product ID: 400540EAU
 
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Key Operating Reports for the HR Professional

OnDemand Webinar (78 minutes)

Learn how to impact your company's bottom line and increase the value you bring to the table by utilizing business reports.Many organizations continue to struggle with what HR's role is and how the HR team can add strategic value. Likewise, many HR professionals have a difficult time getting the C-Suite to buy into their programs, projects and initiatives. This topic helps HR directors and managers understand how they can impact the bottom line of the organization and show the value they bring to the table. After being presented with this information, you will have a general understanding of the process you can use to serve as a strategic business partner and improve productivity and/or profitability.

Authors

Gary Wheeler, SPHR, GPHR, CCP, CBP, The Virtual HR Director

Agenda

HR Department Budget and P&L

• Quick Glance at a Typical HR Profit and Loss Statement

Human Capital Cost

• Measuring Cost Using Revenue and Profit

• Using Ratios to Measure Human Capital Cost

True Cost of Turnover

• Direct Costs

• Indirect Costs

• Improving the Root Cause of Turnover

Training ROI

• Understanding HR's Role in Having a Strategic Training Strategy

• Tools to Measure Training Return on Investment

• Developing a Cost - Benefit Analysis

Employee Relations Index

• What Is an Employee Relations Index?

• Creating an Employee Relations Index to Measure Employee Attitudes and Engagement