HR Strategy and Business Success

This class will provide students the competency to build human capital strategies that support business success. To fully optimize business potential, human resource professionals must engage and work to develop its workforce with the capabilities necessary to carry out the firm’s business strategy. Comfort in evaluating and summarizing the financial impact of human capital is mandatory at senior levels and helps to establish personal and functional creditability.

This course will provide students with the business acumen required to effectively partner with key business leaders to foster a winning business strategy. The class will touch quantitative and qualitative topics, accentuating the synergistic nature between people strategy and financial results.

Learning Outcomes:

  • Identify key HR metrics to align organizational decision capabilities
  • Propose HR initiatives that support business strategy
  • Assess financial challenges concerning human capital strategy
  • Analyze the quantifiable relationship between the workforce and business value
  • Evaluate cost-benefits of human resource and strategic initiatives related to total rewards programs
  • Demonstrate a solid understanding of key financial statements as they relate to large human resources initiatives 
Academic Units
2
CEUs
0
Section Number
192HRM267
Instruction Method
Classroom + extended classroom

Location

One Capitol Mall

1 Capitol Mall, Sacramento, CA, 95814

One Capitol Mall

One Capitol Mall 1 Capitol Mall, Sacramento, CA, 95814

Galleria

Galleria 2901 K Street, Sacramento, CA, 95816

Section Course Materials

Investing in People: Financial Impact of Human Resource Initiatives (2nd Edition)

ISBN
0134431812
Mandatory

More than ever before, HR practitioners must empirically demonstrate a clear link between their practices and firm performance. In, Investing in People: Financial Impact of Human Resource Initiatives, Wayne F. Cascio and John W. Boudreau show exactly how to choose, implement, and use metrics to improve decision-making, optimize organizational effectiveness, and maximize the value of HR investments. They provide powerful techniques for looking inside the HR "black box," implementing human capital metrics that track the effectiveness of talent policies and practices, demonstrating the logical connections to financial and line-of-business, and using HR metrics to drive more effective decision-making. Using their powerful "LAMP" methodology (Logic, Analytics, Measures, and Process), the authors demonstrate how to measure and analyze the value of every area of HR that impacts strategic value. Among the areas covered in depth are:

 

·    Hiring

·    Training

·    Leadership Development

·    Health and Wellness

·    Absenteeism

·    Retention

·    Employee Engagement

 

Readers will master crucial foundational principles such as risk, return, and economies of scale and use them to evaluate investments objectively in everything from work/life programs to training. Also included are powerful ways to integrate HR with enterprise strategy and budgeting and for gaining commitment from business leaders outside HR.

 

Financial Analysis for HR Managers: Tools for Linking HR Strategy to Business Strategy (paperback)

ISBN
0133925420
Optional
HR leaders and practitioners: master the financial analysis skills you need to become true strategic business partners, gain an equal seat at the table, and get boardroom and CFO buy-in for your initiatives! In this one-of-a-kind book, Dr. Steven Director covers everything mid-to-senior-level HR professionals need to formulate, model, and evaluate their HR initiatives from a financial perspective. Drawing on his unsurpassed expertise working with HR executives, he walks through each crucial financial issue associated with strategic talent management, including quantifiable links between workforces and business value, cost-benefit analyses of HR and strategic financial initiatives, and specific issues related to total rewards programs, including stock, stock options, and pension costs. Unlike other finance books for non-financial managers, Financial Analysis for HR Managers focuses entirely on core HR issues. Director helps you answer questions such as: How do you model HR's financial role in corporate strategic initiatives such as the introduction of a new product line? How do you select bonus drivers to send the right signals to managers (and uncover suboptimal hidden signals you might be sending now)? How do you design compensation packages that are fully consistent with your goals? How do you identify and manage pension-finance costs and risks that can dramatically impact the long-term financial health of the business? HR leaders and aspiring leaders are under unprecedented pressure to provide credible, quantitative answers to questions like these. This is the one and only book that will help them do so.

Section Notes

This course utilizes both in-class and online components. All graded assignments are submitted via our Online Learning Management Tool called Canvas.  A computer with internet access is required for this course.

Enrollment Policies

View complete enrollment policy information including details on withdrawals and transfers.

Technical Requirements

This is a “Blended Format” class - all instruction occurs face-to-face and technology is used to facilitate online activities, assess students (assignments, exams, etc.), or deliver content. You will receive an email on the course start date with information on how to log into the online portion of the classroom. If you have not received your login information in the time frame indicated, please visit our website at https://cpe.ucdavis.edu/online-learning/receiving-extension-online-campus-login-information for additional information on how to obtain access to your course. Students must have a computer with access to the internet and an email account in order to complete this course. Also, you may be required to bring a computer or mobile device to class to complete some assignments. To ensure your success in this online course, please review our technical requirements.

Discounts

Group Discount

Groups of three or more, enrolled at the same time with a single payment method may receive a 10% discount on each enrollment.  Contact UC Davis Continuing and Professional Education Student Services office to enroll your group: (530) 757-8777.

SHRM

Members can receive 10% discount on the course fee by entering the Coupon Code.  If you don’t have your association discount code, contact UC Davis Continuing and Professional Education Student Services at (800) 752-0881.

SEAC

Members can receive 10% discount on the course fee by entering the Coupon Code.  If you don’t have your association discount code, contact UC Davis Continuing and Professional Education Student Services at (800) 752-0881.

SAHRA

Members can receive 10% discount on the course fee by entering the Coupon Code.  If you don’t have your association discount code, contact UC Davis Continuing and Professional Education Student Services at (800) 752-0881.

NCHRA

Members can receive 10% discount on the course fee by entering the Coupon Code.  If you don’t have your association discount code, contact UC Davis Continuing and Professional Education Student Services at (800) 752-0881.

Early Enroll Discount

Enroll 14 days before the course start date to save $50 on the course fee.

Info Session Discount

Attendees of UC Davis Continuing and Professional Education Information Sessions may be eligible for $100 discount on a class by entering the Coupon Code provided at the Information Session.  Contact UC Davis Continuing and Professional Education Student Services office, at (800) 752-0881, if you have questions about this discount.

CAAA Member Discount

Current members of the Cal Aggie Alumni Association and other UC alumni associations receive $50 off the course fee. If you don't have your association discount code contact UC Davis Continuing and Professional Education Student Services at (800) 752-0881.

Capitol Corridor Rider

Capitol Corridor riders are eligible for a one-time $100 discount on a UC Davis Continuing and Professional Education course (some exceptions apply). The Discount Code is available on the UC Davis Continuing and Professional Education course page on the Capitol Corridor’s onboard Wifi system.