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Topic:
If People Are Our Greatest Assets, Why Do My Budgets Get the Axe?
Date:
February 11, 2013 at 2:30 - 3:30 PM ETPresenters:
Kirk Hallowell, Ph.D., Senior Principal Consultant(3D Results, LLC)
Register for the Virtual Conference to obtain webcast schedule and registration access by clicking on the 'view event' button below.
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Description
In virtually every annual report or employee communication, corporate leaders say “people are our greatest assets” in some form. The moment that budgets get tight, however, payroll, learning and development, and other HR budgets are typically the first to be cut. Why does outcome take place consistantly across organizations.
Is the problem with executive leaders or is it the accountability of HR professionals to educate their leadership in a way that helps them see the value derived from investing in people? During this presentation, participants will explore, from a CEO and CFO perspective, economic and finacial rationale that drives business decisions. Executive leaders who maintain buget controls were typically trained in rigorous finacial analysis. We challenge HR professionals to consider that it may be a lack of financial literacy and rigor in creating their business case that leads their budgets to the chopping block. Practical suggestions and actionalble steps are outlined to make a difference in the way HR professionals present and defend their budgets. Participants will consider three, key human capital analytics that can be used to justify investments in people and build a rationale for defensible budgets. We will also consider the rigor required by other fucntions in CapEx approvals and the specific steps HR professionals can take to ensure that thir budgets are defensible in financial terms. Additional resources on financial literacy and business case development will be included. As an outcome of this presentation, HR professionals will be in a stronger postion to see that thier valuable contribution to the organization is both defensible and sustainable. |
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Who Should Participate
Mid- to senior-level HR professionals who have budget accountabilities and the need to defend these budgets.
What You Will Learn
Recommended Resources
A list of recommended resources will be provided in the presentation. Communities
Human Resources Management
Workforce Management (Time & Attendance) Leadership Organizational Development Performance Management Workforce Planning and Analytics Predictive Modelling HR Scorecards HR Metrics Implementation Motivation PM Metrics Competencies Pay For Performance PM Retention Technology PM Assessment Cascading Goals 360 Feedback Organizational Diagnosis Knowledge Management Employee Satisfaction/Engagement Decision Making Leadership Philosophies Board of Directors Vision, Values and Mission Leading Change Leading Self Corporate Governance Workforce Planning HR As Consultant Public Sector and Non-Profit International and Global HR Entrepreneurship HR Audit Foundations of HR Present Trends Integrated Talent Management Quality of Hire HR Industries Computer/Telecom Education Finance, Insurance and Real Estate Health Services Hospitality Manufacturing Media & Entertainment Non-Profit Services Transportation and Public Utilities Travel, Recreation and Leisure Wholesale Trade Surveys Organization Employee Referrals Temporary Staffing Solutions |
Presented by
Event Sponsors
3D Results, LLC
Founded in 2002, 3D Results LLC answered a need for senior-level strategic consulting combined with superb execution that delivers results to organizations grappling with business and human capital issues. Our seasoned team of consultants has held a range of senior-level positions within various companies and industries, including banking, healthcare, information technology, manufacturing and retail.
Serving corporations and not-for-profits globally, 3D Result's nuanced counsel has guided numerous clients through developing and executing solutions that align the organization to the strategy, When those two components are working in harmony, the outcome is a Culture on Purpose™. With expertise ranging from talent management and compensation to coaching and organization strategy, we bring a depth and breadth of knowledge that is difficult to match.
3D Results offers solutions ranging from initial process design workshops, configuration and implementation services, to ongoing deployment services – not to mention a host of other talent related offerings that help enhance an organization’s effectiveness. Our deep content, process and systems expertise provides clients with comprehensive solutions to accelerate strategy execution.
Whether the engagement focus is about developing a talent management strategy or implementing a system, we approach each project using our 3D Approach to Results - Discover, Develop and Discipline.
Specialties
talent strategy, talent management technology / systems, SuccessFactors, HR process design, competency models, HR consulting, learning management, succession planning, performance management, compensation management, applicant tracking, Culture on Purpose
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