Analytical Skills for HR and Reward Practitioners
10 October 2017, 9:00AM - 5:00PM, WAT
The HR profession has evolved from being perceived as a mere support function to a key partner, facilitating the achievement of strategic business objectives. Senior policy makers continue to ask HR professionals to prove the value of HR programmes to the company’s bottom line.
Unfortunately, HR seems to be lagging behind in its ability to demonstrate value-add to the business, when compared to other functions that periodically provide insightful and quantitative information to support effective decision making. The missing link is HR’s inability to speak the language of business, to speak using numbers, to use HR metrics to make an argument. Given the increasing emphasis on cost optimisation and efficiency, HR and Reward professionals need to demonstrate that rewards and other HR programmes are aligned with business objectives and that the expected gains outweigh the related cost.
As staff cost is typically a huge expense item in the company’s books, management and other stakeholders want HR to justify programmes before committing resources. For HR and Reward proposals to succeed with management, HR practitioners need to speak the language of business and demonstrate how the proposed programmes will impact business results.
In addition, the increasingly complex business environment and growing diverse needs of employees, require HR and Reward professionals to adopt a comprehensive approach as well as deploy diverse skills to enhance their ability to meet expectations of various stakeholders
The objectives of this course are to:
• Equip HR and Reward practitioners with the knowledge and skills to use HR metrics to measure and communicate effectiveness of Reward and HR programme
• Enable HR practitioners demonstrate the link between investments in people and related business results as well as alignment of HR programmes to business strategy
• Enhance HR’s ability to successfully make a case for initiatives that can potentially drive business results
• Learn how to build metrics; understand financial statements; and enhance their knowledge and use of MS Excel to achieve effectiveness and efficiency, as well as perform day-to-day analyses
• The changing role of HR
• Review of Total Rewards and its elements
• Appreciating staff cost as a significant item in the financials
• Introduction to HR and Reward metrics
• Thinking like an investor – a look at some of the key considerations of investors and investment decisions
• Excel tools for enhancing effectiveness
N100,000 per participant, exclusive of VAT.
5% discount for 3 to 4 participants and 10% discount for 5 participants and above
Duration : 1 Day
Dates: October 10, 2017
Time: 09:00AM - 05:00PM
|Venue/Location||Who Should Attend?|
Bishop Aboyade Cole Street,
HR and Reward Practitioners
Managers and team leads who typically act as champions and role models & mentors for their team members
Finance functions that liaise with HR for costing, funding and accounting for rewards programmes
Union members who need to improve their knowledge of rewards and how it affects union members
Senior and executive