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If People Are Our Greatest Assets, Why Do My Budgets Get the Axe?

Topic:
If People Are Our Greatest Assets, Why Do My Budgets Get the Axe?
Date:
February 11, 2013 at 2:30 - 3:30 PM ET
Presenters:
Kirk Hallowell, Ph.D., Senior Principal Consultant(3D Results, LLC)
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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.
Who Should Participate
Mid- to senior-level HR professionals who have budget accountabilities and the need to defend these budgets.
What You Will Learn
  • The mindset of CFOs and CEOs in making budget decisions.
  • Key financial concepts that lead executives in making financial decisions.
  • Three practical metrics that can explain return on investment in human capital.
  • Practical strategies for preparing for budget reviews that enable HR professionals.
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
Presented by
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Kirk Hallowell, Ph.D.
3D Results, LLC

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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
File List
Feedback
Name Comment Rating
Image of valerie Linton-Reed valerie Linton-Reed
Northwestern Mutual Life Insurance
3 / 5
Good Presentation
Image of Martha Thomas Martha Thomas
Media General MidSouth Market Group
3 / 5
Good Presentation
5 / 5
Excellent Presentation
Image of James McGuire James McGuire
Northern Trust Bank
3 / 5
Good Presentation
5 / 5
Excellent Presentation
Image of Bruce Prince Bruce Prince
Kansas State University
5 / 5
Excellent Presentation
Image of Gina Ortiz Gina Ortiz
Matheson Inc.
5 / 5
Excellent Presentation
Image of Lisa Knothe Lisa Knothe
Community FoodBank of NJ
4 / 5
Very Good Presentation
Image of Hailey Dunn Hailey Dunn
Cellucom Group
3 / 5
Good Presentation
Image of John Ritchie John Ritchie
Oak Park Place (Madison, WI)
5 / 5
Excellent Presentation
Image of Donna Licowsky Donna Licowsky
University Of Toronto
5 / 5
Excellent Presentation
Image of Linda Barnes Linda Barnes
Travis County, TNR
4 / 5
Very Good Presentation
Image of Denise Goss Denise Goss
Treasury IG for Tax Administration
4 / 5
Very Good Presentation
Image of Jeff Young Jeff Young
Careington International Corp
3 / 5
Good Presentation
Image of Mark Avallone Mark Avallone
HR Management Association of Chicago
3 / 5
Good Presentation
Image of Craig Luttschwager Craig Luttschwager
Bankers Systems Inc
4 / 5
Very Good Presentation
Image of Cheryl Schaefer Cheryl Schaefer
St.Vincent Hospital and Health Care Center, Inc.
4 / 5
Very Good Presentation
Image of Matt Jones Matt Jones
Chevron Corporation
3 / 5
Good Presentation
Image of Nazeer Sultan Nazeer Sultan
CMMB Catholic Medical Mission Board
5 / 5
Excellent Presentation
4 / 5
Very Good Presentation
5 / 5
Excellent Presentation
Image of Elizabeth Gage Elizabeth Gage
American Red Cross
5 / 5
Excellent Presentation
5 / 5
Excellent Presentation
5 / 5
Excellent Presentation
Image of Dawn Lecker Dawn Lecker
FedEx HQ
5 / 5
Excellent Presentation
Image of Marcy Blotsky Marcy Blotsky
Tesoro Refining & Marketing Company
4 / 5
Very Good Presentation
5 / 5
Excellent Presentation
Image of Michelle Barry Michelle Barry
Balfour Beatty Capital Group
3 / 5
Good Presentation
Image of Fabian Stokes Fabian Stokes
Cox Communications
5 / 5
Excellent Presentation
Image of Kathy Doan Kathy Doan
Wells Fargo & Company
5 / 5
Excellent Presentation
Image of Steven Gregory, SWP Steven Gregory, SWP
SuccessFactors
4 / 5
Very Good Presentation
Image of Angela Neilan Angela Neilan
Looking for a Great NEW Company
5 / 5
Excellent Presentation
Image of Quim Bernardo Quim Bernardo
UpTeam Consulting
4 / 5
Very Good Presentation
Image of Frank Brodsky Frank Brodsky
Consultant
5 / 5
Excellent Presentation
Image of Carolyn Keogh Carolyn Keogh
The Timken Company
5 / 5
Excellent Presentation
Image of Tracie Barnes Tracie Barnes
City of Woodstock, Georgia
Can Dr. Hallowell translate some of his corporate for-profit metrics into measurements that apply to non-proft public sector workplaces? 5 / 5
Excellent Presentation
Employee engagement is so important to the overall environment of the organization 5 / 5
Excellent Presentation
Great information. Thank you. 5 / 5
Excellent Presentation
Image of Karen Brockmyre Karen Brockmyre
Elwood Staffing
I would rather take one of the metric and see a deep dive into that then a general discussion like this one was. 5 / 5
Excellent Presentation
Image of J Hock J Hock
Daiichi Sankyo, Inc.
Unfortunately getting pulled away for high priority project. Sorry I could not stay.
Image of Valarie Walters Valarie Walters
National Gas Company Of Trinidad And Tobago
Very important topic for HR Professionals! 5 / 5
Excellent Presentation
Image of Miriam Berger Miriam Berger
A Hire Authority

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