Business Literacy Survival Guide for HR Professionals
By Regan W. Garey
2011, Paperback, 193 pages
SHRMStore Item #: 61.15015
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A PDF version e-book is also available through Independent Publishers Group.
For the HR professional, there are numerous benefits to becoming a more credible, business-savvy employee. First, knowing more allows for more opportunities to move up instead of out of the organization. Second, when the HR professional can learn and internalize core competencies, he or she can make a more visible, strategic contribution to his or her organization. Third, with knowledge comes authority, influence, and power.
When HR professionals can speak the language of business (i.e., finance and accounting), their peers and superiors within the organization will include them in the organizational decision-making process. Business Literacy Survival Guide for HR Professionals will explain business literacy terms and concepts via numerous examples that are applicable to the HR role. HR professionals will be exposed to the multiple financial ramifications of what they do within the organization. Specifically, HR departmental decisions and day-to-day operations will be related to the financial statements and other financial decisions made by management.
This book does not set-out to turn HR professionals into financial experts, but it will provide enough guidance and insight into the world of business finance to promote a greater awareness and appreciation when helping to manage the company. Specifically, the HR world, by definition, is intimately connected to workforce planning, talent recruitment, training and development, performance management, salary and benefit design and administration, knowledge management, succession planning, etc. These core HR functions are all intertwined with and codependent upon the financial health of the organization.
Read an Excerpt.