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HR Finance 101: A Guide To Finance for HR

AIHR

The main responsibility of finance is to allocate and monitor resources that support the goals of the organization while ensuring a balance between revenue and costs. On the other hand, HR is responsible for recruiting, motivating, and managing the people who advance those goals. Why does HR need to know finance?

Cash Flow 117
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How to Measure HR Effectiveness with 12 Key Metrics

15Five

You’d be hard-pressed to find a business executive today who doesn’t believe their people are the organization’s most valuable asset. sales revenue, customer service ratings, etc.). In both cases, the sooner you can get a great new hire through your recruitment process, the better. Let’s change that.

Metrics 90
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Side-by-Side, CEOs And CFOs Plot The Future

Chief Executive

Although a similar closeness existed a decade ago, what is different in their relationship today is the CFO’s deeper involvement in operations. Our relationship has evolved to the point where I can’t imagine running the operations without her,” he said. Special Operations. Barnes is relieved she’s in that seat.

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Dos and Don’ts During a Hiring Freeze

Zenefits

Recruiting, hiring, and payroll are big-budget items. Companies facing a shortage in liquid assets may ease up on recruiting, hiring, and paying salaries so they can allocate a portion of these costs to improving their liquidity. Organizations use hiring freezes to: Curb overspending. Maintain liquidity. Avoid layoffs.

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How To Perform an HR SWOT Analysis

AIHR

An HR SWOT Analysis enables the HR team to gain a clear view of internal and external factors impacting your operations. Identify your strengths Strengths refer to assets that can support your HR strategy and function. Inadequate resources will limit its operation. Business operations are halted.

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7 Headcount Analysis Mistakes HR Should Avoid

AIHR

Then you get a little bit bigger, and the organization needs more structure, but your inertia can just continue to carry you forward, operating in the same way. This may include training existing employees, recruiting new employees with critical skills, or doing a job redesign. You’re trying to move as quickly as possible.

Metrics 122
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HR Compliance: A Practical Guide

AIHR

Especially if your business operates across multiple cities and states or you have remote workers, you must understand and comply with these laws. An example is The California Consumer Privacy Act (CCPA) which specifically applies to companies with a revenue of $25 million or higher. For example, the U.S. federal minimum wage is $7.25