Webinar may be viewed here.

There is a significant disconnect between what HR leaders and business leaders believe is HR’s business contribution. In this presentation, Cindy Lubitz of inTalent Consulting Group discusses what is fundamentally different between “traditional HR” and “HR as a strategic partner and profit center.”

Here is what the research tells us:

– Organizations that apply talent management practices demonstrate higher financial performance compared to their industry peers.
– Companies with superior human capital practices can create more than double the shareholder value than companies with average human capital practices.

A company cannot generate revenue from itself, however, it can offset expenses. And the best way to do that is to operate like a profit center. Profitability for HR may be defined as: Running year over year at a greater or equal to level of effectiveness, and at a lower cost per employee. This presentation will help you begin operating your HR department as a company profit center by identifying opportunities to streamline processes, contain costs and add value.

Areas of focus for the presentation include how HR folds into the company’s overall definition of profitability, what profitability looks like for the department, and how to quantify your financial impact on the business.

Attendees will learn cost effective ways to: 1) retain your best and brightest talent, 2) skill up the team in important, core areas, and 3) continue to manage cash. We will discuss how to identify department opportunities to streamline processes and contain unnecessary costs to add value. And finally, how to quantify and explain the financial impact of HR on the overall business.