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Optimizing the Workplace Balance Sheet
- What is a Balance Sheet and how does it work?
- How to create the Workforce Balance Sheet.
- What metrics should be included?
- How to calculate all-in labor costs
- Measuring Value versus all-in labor costs
Overview of the webinar
What the Workforce Balance Sheet is:
- Every organization makes investments in the workforce that are critical to determining its performance, brand, and reputation. The key to making winning workforce decisions is to have a unified picture of all-in labor costs and workforce performance drivers.
- The Human Capital Balance Sheet has been designed to accomplish this feat. It can best be described as a single, transparent view of the workforce from the lens of cost, spend, and risk. It analyzes these factors to understand how investment drives organizational performance. This helps HR align on people priorities and make well-informed decisions about where to increase or maintain investment, or where to eliminate or cut back, to optimize the organization’s human capital investments.
- The Human Capital Balance Sheet helps the organization:
- Work from a single, complete set of data, make key workforce investment decisions together, and monitor and measure the impacts of those decisions
- Visualize human capital spend and understand the return on investments
- Eliminate wasteful spend and increase investment capacity for new programs
- Enhance the value of the current programs and plan for the future
Who should attend?
- Credit Managers
- Credit Analysts
- Business Owners
- Bankers
- Investors
- Collectors
- Staff Accountants
Why should you attend?
The Human Capital Balance Sheet analyzes workforce cost, spend, and risk to understand how investments in people drive organizational performance.
It provides a holistic view of an organization’s all-in labor cost that is otherwise hard to obtain.
As different types of work arrangements (i.e., the gig economy, contractors, freelancers, etc.) have become more prevalent, the ability to track the rewards cost as well as the totality of workforce investments has become exponentially more difficult.
In other words, the future of work is changing in a way that can obscure the financial results of human capital investments, hiding them in buckets that even the most prudent chief financial officers, chief human resources officers, and other leaders are unable to track.
Faculty - Dr.Greg Chartier, SPHR, GPHR, SCP
Dr. Chartier is the Principal of HRinfo4u, a human resource consulting firm, and a well-known educator and speaker. As a consultant, he works with organizations to improve the effectiveness and efficiency of their human resource function. He has worked extensively in designing, developing, and implementing human resource programs, procedures, and systems for smaller and mid-size firms up and down the Hudson Valley.
Greg is a thought-provoking professional speaker and his wisdom and insights into management and leadership make him an electrifying speaker and seminar leader. His seminars are customized to reinforce the company mission, vision, values, and culture and the content is practical for team leaders, managers, supervisors and executives alike.