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Business Literacy Survival Guide for HR Professionals

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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.


Table of Contents:


Chapter 1. Human Resources as Strategic Partner

Chapter 2. The Seven Competencies

Chapter 3. The “Big Picture”: The Financials

Chapter 4. Multiple Facets and Approaches to the Financials

Chapter 5. Financial Results May Differ: Accrual vs. Cash Basis

Chapter 6. Cash Equals Financial Survival

Chapter 7. Obtaining Capital: Financing the Company

Chapter 8. Budgeting and the HR Professional

Chapter 9. Financial Ratios

Chapter 10. Financial Management Issues on the HR Radar


Appendix A. Business Literacy Survey

Appendix B. Business Literacy Glossary

Appendix C. Form 1099-MISC

Appendix D. Form 1099-DIV

Appendix E. Examples of Complex Financial Statements





“Finally, an easy to read, financial presentation of how HR fits in with the numbers and how the numbers apply to HR.”

-- Heather M. Shupe, Vice President, Human Resources


“The content of this book is so well-defined and formatted, that all business leaders, professionals, and managers will benefit with this as a 'must-have resource' in their personal library. Regan Garey delivers her insightful and engaging business literacy material in a way that enriches the reader with the right terminology, tools, awareness, and detailed understanding.”

-- Frank Ingraham, HR Consultant and Six Sigma Black Belt


A must read book for all HR managers. An aid in understanding the big picture of a company with an in-depth focus from the accounting world.

-- Jackie Bull, Human Resources Professor

Additional Info

Name Business Literacy Survival Guide for HR Professionals
SKU 61.15015
Year published 2011
Page count 190
Publisher SHRM
ISBN 9781586442057
Author Regan W. Garey
Format Paperback