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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. Labor costs like salaries, benefits, and related taxes make up as much as 70% of total operating costs of a business. Why does HR need to know finance? Transaction.

Cash Flow 117
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Recession-Proofing Strategies For The Agile Business Leader

Chief Executive

Employers are worried about how they can continue to generate revenue during an economic downturn. A top priority for most leaders during an economic downturn is “streamlining business operations” or “looking for efficiencies.” Customer loyalty is an important asset for any company during a recession.

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Stop Using The Wrong Inventory Metrics

Chief Executive

Precision Inventory Management In the prior Age of Mass Markets, which occurred throughout most of the 20th century, revenue maximization was the right objective. Diminishing unit costs, in turn, meant more revenues and profits. Diminishing unit costs, in turn, meant more revenues and profits. Profit drain customers.

Metrics 98
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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. To earn their rightful place in high-level conversations, HR leaders must be equipped with a set of definitive metrics on which to base strategic business goals and prove the ROI of HR initiatives.

Metrics 90
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12 digital transformation best practices with examples

Walk Me

12 digital transformation best practices with examples Best practices help focus your efforts as change leadership to drive your organization toward innovation, success, and higher revenue, as staff at every level maintain motivation to succeed for all your change initiatives.

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The Ultimate Guide On Understanding KPI

Vantage Circle

Revenue versus Target. Revenue vs. Target helps you establish a relationship between your projected revenue and actual revenue. Understanding this can help you figure out the low performing regions of your business operations. These can be for maximizing sales, revenue, site traffic, etc. Regional Sales.

KPI 52
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6 Tips on How Human Resource Leaders Can Boost Sales Team Performance

Vantage Circle

Sales professionals' skills and productivity strongly impact an organization's ROI and reputation. With the right tech stack, the sales team can streamline daily operations, maintain data flow and manage leads and sales records. The sales team is the most vital asset for any organization. What's more? Conclusion.