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Finance and accounting often do not hold Human Resources (HR) to the same standards as other departments because it is believed that HR is different and people initiatives cannot be measured or managed. However, having different standards for HR is a disservice to both HR and the company, resulting in less return from HR expenditures.  HR professionals are quite capable of playing by the same rules as their colleagues in other departments and can deliver tremendous business value, but finance and accounting professionals need to have a realistic sense of what may be expected.

 

This course explores five expectations that finance and accounting professionals should have for HR. These expectations are met today in some companies but not in many others. The first is, that as a support function, HR needs to align some of its initiatives to the key business goals of the organization and directly contribute to achieving those goals. Second, HR should be expected to create business cases for their major planned expenditures, just as other departments would. Third, HR should be expected to create a business plan for the coming year which would contain specific, measurable goals for which HR will be accountable. Fourth, HR should be expected to execute the business plan with discipline and deliver the planned results. Fifth, HR should be expected to be accountable for achieving their planned results.

 

None of this sounds revolutionary but many HR functions do not meet all of these expectations today. Consequently, the potential for improvement is tremendous if all three parties work together, but finance and accounting first must know what may be reasonably expected from HR, which is the goal of this course.

Learning Objectives

  • Discover what can reasonably be expected from Human Resources (HR) in terms of alignment, business case and business plan creation, disciplined execution, and accountability
  • Explore the reasons why these expectations are not always met
  • Identify steps to help HR meet these expectations
Last updated/reviewed: November 18, 2019

19 Reviews (89 ratings)Reviews

4
Anonymous Author
As an HR professional, It is important to be measured in the same manner as my other department heads. I do not agree that HR does not want to be held accountable, but do agree that with assumptions of executives, HR does not get the training needed to be a valuable asset to Finance.
5
Member's Profile
I was at first (being in HR) a little hurt that there seemed to be such negative statements about HR and accountability. But going through the entire course, I see how those statements have evolved and what I can do to help MY department to bust those!
5
Anonymous Author
I liked the emphasis placed on HR being accountable and also being a true partner in helping to meet the goals of the business. HR does add value, and I believe that this course helps to emphasize the importance of HR having a seat at the table.
5
Anonymous Author
David makes a very good case that HR departments should be held to the same measurable performance standards as other departments, and gives good examples on how to achieve this.
5
Anonymous Author
This was a good course. HR and Finance frequently have difficulties working together. The course highlights a lot of the assumptions with ways to change expectations.
4
Anonymous Author
This course was helpful for me as a CFO to understand what role HR should play in contributing to the overall business success of the organization.
3
Anonymous Author
Good introductory course to highlight the strategic relationship between accounting/finance personnel and HR, although somewhat repetitive.
5
Anonymous Author
Great course! In finance I find aligning with HR is sometimes difficult but this will be a great resource for future annual budgeting.
4
Anonymous Author
This course was pretty effective and the instructor does a nice job of bridging traditional business discipline with the HR function.
5
Anonymous Author
The presentation was concise and the Instructor's explanation was simple, clear and easy to understand
4
Anonymous Author
Good course. I didn't realize HR should be so involved in meeting the business goals of the company.
4
Member's Profile
This was a great course.. I can't wait to inform my HR department of finance's expectations :D
5
Anonymous Author
Lots of good information. Presenter was easy to listen to. Good take away calculations.
4
Anonymous Author
An interesting way to look at HR and Accounting together. I recommend this to everyone!
4
Member's Profile
Very interesting and detailed overview of this topic that doesn't get discussed enough.
5
Anonymous Author
Good course. Interesting topic and observations which are relevant.
4
Member's Profile
Good course. I recommend to take this course by everyone
3
Anonymous Author
good unique view of HR department's goals and objectives
5
Anonymous Author
Course is interesting and well structured and presented.

Prerequisites

Course Complexity: Intermediate

No advanced preparation or prerequisites are required for this course.

Education Provider Information

Company:
Illumeo, Inc., 75 East Santa Clara St., Suite 1215, San Jose, CA 95113
Contact:
For more information regarding this course, including complaint and cancellation policies, please contact our offices at (408) 400- 3993 or send an e-mail to .
Course Syllabus
INTRODUCTION AND OVERVIEW
  14:48Introduction to What Finance and Accounting Should Expect from HR
  10:28Strategic Alignment
  9:44Business Case
  15:07Business Case Continued..
  9:22Business Plan
  7:44Disciplined Execution
  12:02Disciplined Execution Continued..
  2:34Accountability for Results
  9:22Conclusion
CONTINUOUS PLAY
  1:31:11What Finance and Accounting Should Expect from HR
SUPPORTING MATERIALS
  PDFSlides: What Finance and Accounting Should Expect from HR
  PDFWhat Finance and Accounting Should Expect from HR Glossary/Index
  PDFBonus Article
REVIEW AND TEST
  quizREVIEW QUESTIONS
 examFINAL EXAM