Finance for HR Professionals

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This course is ideal for HR professionals without a formal finance background who want to gain foundational financial knowledge, improve budgeting and cost management skills, and use HR analytics to support strategic decision-making aligned with business objectives.

Morning Session (9:30 AM – 12:30 PM)

Objective: Provide HR managers with foundational financial knowledge and understanding of how HR costs and financial metrics relate to business performance.

1.Introduction (10 minutes)

• Welcome participants, outline objectives and agenda.
• Briefly assess participants’ finance background.

2.Financial Statements Overview (50 minutes)

• Explain Balance Sheet, Income Statement, Cash Flow Statement.
• Highlight HR-relevant accounting terms (payroll expenses, benefits liabilities).
• Demonstrate how HR costs impact financial statements.
• Use visual aids and examples.

3.Practical Exercise: Interpreting Financial Reports (30 minutes)

• Provide sample reports.
• Guide participants to identify HR-related costs and interpret implications.

4.Morning Tea Break (15 minutes)

5.Financial Analysis and Business Operations (75 minutes)

• Present key financial ratios and metrics relevant to HR.
• Case study: Analyze company financials focusing on HR-related costs and productivity.
• Facilitate group discussion on aligning HR initiatives with financial goals.
• Summarize key insights.

Afternoon Session (1:30 PM – 5:30 PM)

Objective: Equip participants with budgeting, cost management, cash flow, and HR analytics skills to enhance strategic decision-making.

1.Budgeting and Cost Management (105 minutes)

• Explain HR budgeting essentials: salary, benefits, training, recruitment.
• Teach forecasting workforce needs and associated costs.
• Discuss fixed vs. variable HR costs and cost-benefit analysis of HR programs.
• Workshop: Hands-on activity to develop a simple HR budget and identify cost-saving opportunities.
• Emphasize alignment with organizational strategy.

2.Afternoon Tea Break (15 minutes)

3.Cash Management and HR Analytics (90 minutes)

• Discuss impact of HR processes on working capital and cash flow management techniques.
• Introduce HR analytics concepts and key metrics (turnover, cost per hire, engagement).
• Case study: Use HR data to solve a business problem and support strategic decisions.
• Facilitate group presentations and trainer feedback.

4.Q&A and Wrap-up (30 minutes)

• Recap key learnings from the day.
• Address participant questions.
• Provide resources and tools for continued learning.
• Encourage sharing of real HR challenges for ongoing applications.

• HR Managers who need to understand financial data to make strategic decisions and align HR initiatives with company goals.
• HR Business Partners who work closely with finance and other departments, bridging HR and financial strategies.
• Talent Acquisition and Compensation Specialists responsible for salary budgeting, compensation planning, and cost analysis requiring financial knowledge.
• Learning and Development Professionals who need to justify training investments and demonstrate ROI to senior management.
• HR Professionals Aspiring to Leadership Roles seeking to enhance their financial acumen to be more competitive for senior HR positions.
• HR Specialists and Supervisors looking to strengthen their understanding of finance to contribute more effectively to organizational performance.

Mr Teddy Liu

Mr. Liu is the Founder and CEO of MentorsHub, a visionary social venture platform dedicated to developing a sustainable and scalable mentorship program. This initiative aims to support talented young individuals, preparing them to contribute effectively to society upon graduating from universities and colleges.

Prior to establishing MentorsHub, Mr. Liu spent over 31 years with one of the largest listed property development group in Hong Kong. During his tenure, he oversaw various corporate functions, including internal audit, with a focus on corporate governance, risk management, and compliance with legal and regulatory requirements. In management services, he led the group’s innovation initiatives by emphasizing culture as a key driver and implementing structured innovation processes that engaged stakeholders both within and outside the group. He also managed corporate strategy, management systems, process improvement, business and operational reviews and talent development.

Mr. Liu is a business veteran with extensive experience in accounting and finance, company secretarial services, mergers and acquisitions, corporate reorganization, business and change management, internal audit and risk management, talent development, and corporate training. He played a key role in establishing the group’s corporate university, developing comprehensive training curricula to support the growth of the group’s talent.

From 2010 to 2019, Mr. Liu had been in charge of talent development for the group, spearheading numerous change management projects, including company reorganizations, business downsizing, and mergers and acquisitions. These projects often involved cultural conflicts and human resources issues, requiring skilful resolution to ensure smooth and sustainable business operations. Since 2022, Mr. Liu has also served as a part-time lecturer for a MSc HRM course at HK PolyU.

Mr. Liu is a Certified Public Accountant and a member of several professional bodies in accounting, company secretarial practice, and taxation. He was re-elected as a Council Member for the Hong Kong Institute of Certified Public Accountants for another two-year term from 2023 to 2025. He holds a Juris Doctor degree from The Chinese University of Hong Kong and an MBA degree from The University of Hong Kong. Currently, Mr. Liu is an Adjunct Professor at CityU Academy of Innovation and a part-time lecturer at HK PolyU. With his broad knowledge and experience, Mr. Liu is a frequent guest speaker at educational institutions and organizations.

Enquiry

Ms Bowie Chan

Tel: (852) 2837 3811

Email: learning@hkihrm.org