HR Accounting: Concept of Human Capital Management training centre in Bangladesh

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HR Accounting: Concept of Human Capital Management

  • Date : Friday, August 17, 2018
  • Duration : Day(9.30am-5.30pm)
  • No. of Classes/ Sessions : Day Long
  • Last Date of Registration : 16 August, 2018
  • Venue : Bdjobs Training, BDBL Building (Level 19), 12 Kawran Bazar C/A, Dhaka 1215.
  • 10% OFF at Online or bKash Payment (Certificate, Written Pad, Pen and Lunch Included)

Introduction

The demand for accountability among all business functions has never been greater. Recent events show how vital decisions are about human resources in an increasingly uncertain and interconnected world. A key responsibility of organization leaders, human resource (HR) leaders, and consultants is to articulate the logical connections between progressive HR practices and firm performance, and they need to demonstrate those connections with data. This book provides logic and technology to look inside the “black box” between HR practices and financial/business performance.

Investing in people should be as systematic as investing in any other vital resource, based on logical frameworks and focused on optimization, not simply on reducing costs or mimicking best practices. This argues against the common “peanut-butter” approach to talent investments that spreads the same investments (for example, in training or staffing programs) over the entire organization, in an effort to be fair by being equal. Such approaches engender justifiable skepticism from leaders and employees who are asked to invest in programs or activities because HR—or even the CEO—says that everyone must do it.” That approach is in stark contrast to other resources, such as customers and technology, where investments are targeted where they have the greatest effect. Why not make greater talent investments where they matter most? This “decision science” approach provides the foundation for the techniques we present here.

Objective of the Program:

After successful completion of the Program participants will be able to:
1. Calculate the Investment in Human Resources
2. Understand about the concept of Human Resource Accounting
3. Calculate the Cost & Benefit of Human Resource Initiative
4. Conversant on different Models & Methods of HR Accounting
5. Conversant in Human Capital Factor
6. Analyse the HR Accounting Data for decision making purpose
7. Relate HR Accounting data analysis for Business Decisions

Methodology


Exercise
Case Study
Role Play/ Simulation
Lecture Discussion and
Sharing/ Participatory

Contents of Training:

Module-1: HR Accounting: History, Concept & Practice
• Development of the concept of Human Resource Accounting
• Historical Score Card of Human Resource Accounting
• Meaning and Definition of Human Resource Accounting
• Importance of Human Resource Accounting
• Objectives of Hunan Resources Accounting
• Limitations of Human Resource Accounting

Module-2: Calculation of Cost & Benefit of HR initiative
• Calculation of Acquisition Cost
• Calculation of Training & Development Cost
• ROI of Training
• Employee Absenteeism
• Calculation of Separation Cost

Module-3: HR Budgeting
• Mathematical Calculation for HR Demand
• Calculation of Cost to Company
• Different Heads for HR Budgeting

Module-4: Valuation of Human Asset
• Valuation of Human Assets
• Types of human assets
• Methods of valuation of human assets
• Cost Based Approach Method:
• Monetary Value based Approach Method:
• Non-Monetary Value based Approach Method:

Module-5: HR Accounting for Decisions Making
• Human Resource Accounting for Management
• Different comparative analysis regarding HR Cost vs Business Cost
o Cost per hire
o Absent Rate
o Turnover Rate
o Per capita income
o Per capita expenses
o ROI per person
o Utilization %
o Compensation per taka profit
o HR Planning & Staffing
• Measuring ROI of Human Resources

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Arrangement for Certificate, lunch and two tea-break would be made by the Organizer during the workshop.

Resource Person

Rupak Nasrullah Zaidi

Trainer, OD & HR Practitioner, Business & Management Consultant

Mr. Zaidi is Training, Organization Development and HR specialist having more than 17 years’ experience in different industry. He is a Business Process Reengineering Consultant. He is a senior Fellow of Management & Strategy Institute – USA. He has exposure as KPI consultant at home and abroad. He has completed Masters in HRM under the University of Dhaka. He received World Training & Development Leadership Award in 2016. He is Member of KPI Institute Australia. He is a certified Lean Office Professional. He is a Professional International Member of Association for Talent Development [ATD, largest association for training & development worldwide], a member of Certified Professional Trainer Network [CPTN] - Canada & certified Trainer from City & Gild– UK. He is also member of American Management Association (AMA) and Society for Human Resource Management (SHRM) USA. He is also a Management Consultant accredited by Institute of Management Consultant Bangladesh. Mr. Zaidi attended as speakers in International Conferences in Singapore, India and Nepal. He also presented papers in different National and International Conferences. He is also guest faculty for leading Private Universities in Bangladesh.

He has conducted training in different organization on different soft and hard skill. He is an expert trainer in HR, Operational Excellence, Office Kaizen, Office ‘5 S’, Lean Office, Salesmanship, Organization Development, Organizational Leadership, Team Building, Change management, Negotiation, Customer Service and other soft skills. He has also exposures in Management Consulting. He did consultancy for more than 15 organizations regarding their HR & Compliance Audit. He also did management consultancy for organization restructuring and development, HR Auditing, HR Setup. He also runs Assessment Center for different organization. He is an HR Auditor and also a good motivational speaker. He worked on Training with renowned multinational, national, group of companies on different topics.


He has contributed in the HR Development in the country through his research based studies, knowledge sharing sessions, analytical paper preparation, information based module and material preparation and sharing. He is now servicing in Power Grid Company of Bangladesh Ltd. as DGM-HR. He is the Secretary General of Professional Society for Bangladesh [PSB]. He is the fellow member of Bangladesh Society for Human Resources management [BSHRM], member of Worldwide Trainers Forum.


Mr. Zaidi has rendered Consultancy Service for Business Process Reengineering, Setting KPI, designing effective Performance Management System, Running Assessment Centre, Organization Restructuring, HR Audit, Process Development, Competency Mapping for Human Resources, Organization Development, for more than 30 organizations at home and abroad. He is an expert Performance Coach for different functions. He has conducted training in different countries including Singapore, Malaysia, India, Nepal, Bangladesh.

Courses from this trainer 113


Exercise
Case Study
Role Play/ Simulation
Lecture Discussion and
Sharing/ Participatory