HR and Its Impact on Earnings: Connecting HR to the Business

Date: May 20, 2021
Time: 12:00pm - 1:00pm
Webinar Via Zoom
The link to join will be shared in the registration email

Human Resource responsibilities and activities directly relate to the profitability and financial success of any organization. Oftentimes our sales, operations, and leadership teams look at sales and profitability through different lenses. But, generally speaking, they all speak the same language. A primary course objective is to look at profitability from a series of different views and to address the language, terms and issues that are so important to our Senior Leadership.

In this information-packed session, we will discuss:

• ‘Break-Even’ Points. What are they and why are they so important to know. • How even a 1% discount in the sales price will affect your break-even point requiring the need to significantly increase sales and production. • This jump in production translates to an increase in the labor force – compensation, benefits (mandatory and elective), etc. • Every time we hire someone, we’re acquiring both direct and indirect costs. • Every time we make a hiring decision, we are making an investment.

We’ll link hiring, to both the Overhead and Income Statements as we connect the dots between corporate financial decisions and HR. Join SHRM DuPage and BMI Global Consulting for this intriguing, highly interactive session to learn how to connect HR to the business and your bottom line.

Presentation By: Bill Albert, President of Business Methodologies at International Global Consulting

Bill Albert, President of Business at Methodologies International Global Consulting, has been working in the financial training and business acumen disciplines for over 25 years. Bill’s company designs and delivers board-based and virtual business simulations, creating visual learning processes that help organizations’ employees realize and execute growth strategies. His tools are utilized in multiple industries including healthcare, manufacturing, distribution, call center management, customer service, and aerospace. Bill understands that in order for companies to truly thrive, thought leaders, at all levels of the organization, need to be sitting at the ‘decision-making table’. He equally understands that one of the reasons this often doesn’t happen is because different functions within an organization speaks different languages. To truly sit at the table, one needs to speak and understand the language of business and finance.