Introduction
No organization can survive and fulfill its purpose if it spends more money than it takes in. Human resource professionals must have a solid understanding of foundational financial concepts if they are to meaningfully support their firm's strategic goals and make the smartest possible use of limited resources.
The Essentials of Finance and Budgeting - This book clearly explains how HR professionals can understand and use basic financial information and tools to:
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Analyze key financial statements
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Create and implement an HR scorecard
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Understand the implications of tax laws
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Make accurate forecasts and budgets
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Measure and report human capital
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Perform cost/benefit analysis, EVA, discounted cash flow, and more...
About the book series
The Business Literacy for HR Professionals Series is a co-branded line of books developed jointly between Harvard Business School Press and SHRM (the Society for Human Resource Management).
This series will help HR professionals to become more influential strategic partners in their organizations by educating them in the core principles, practices, and processes of business and management. The purpose of the series is to help HR professionals develop knowledge and skills related to, but outside, the HR domain in order to make more strategic contributions to their organizations. These books will help HR professionals 'have a seat at the table' by becoming more proficient and literate in critical business and management arenas such as finance, negotiation, strategy, change management, etc.
