Training Date: 31 Jan, 2020 Training Duration: 1 Day Venue: Kawran Bazar, Dhaka
Trainer Name: Rupak M Nasrullah Zaidi, KPI, OD & HR Practitioner, Business & Management Consultant
Major areas to be covered:
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
- Cost per hire
- Absent Rate
- Turnover Rate
- Per capita income
- Per capita expenses
- ROI per person
- Utilization %
- Compensation per taka profit
- HR Planning & Staffing
- Measuring ROI of Human Resources
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.
We emphasize that, ultimately, measurement is valuable when it improves important decisions about talent. That requires not simply more or better measures, but an integrated approach that combines those measures with logic, analytics, and knowledge processes. This Master Class Program on HR Accounting will guide the HR Professionals as well as CEO to identify, measure and analyse the entire Investment scenario as well as Return on Investment of Human Resources.
Objective of the Program: After successful completion of the Program participants will be able to:
- Calculate the Investment in Human Resources
- Understand about the concept of Human Resource Accounting
- Calculate the Cost & Benefit of Human Resource Initiative
- Conversant on different Models & Methods of HR Accounting
- Conversant in Human Capital Factor
- Analyse the HR Accounting Data for decision making purpose
- Relate HR Accounting data analysis for Business Decisions
Resource Person: Rupak M Nasrullah Zaidi, Certified KPI Professional, OD & HR Practitioner, Business & Management Consultant
Mr. Zaidi is Training, Organization Development and HR specialist having more than 18 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 is a certified KPI Professional from KPI Institute, Australia & also Member of KPI Institute Australia. He has completed Masters in HRM under the University of Dhaka. He has also completed Advance Diploma in NLP from the American NLP Board. He received World Training & Development Leadership Award in 2016. 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, Malaysia, India, Bangladesh and Nepal. He is also guest faculty for Public & Private Universities in Bangladesh.
Mr. Zaidi has rendered Consultancy Service for Business Management, Business Process Reengineering, Setting KPI, designing effective Performance Management System, Running Assessment Centre, Organization Restructuring, HR Audit, Process Development, and 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.
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.
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