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PURPOSE OF ASSIGNMENT
This assignment is called the “portfolio assignment” because it is a summary of all the actions that a human resource professional can take to impact the financial results of any organization. It is a group assignment because collective wisdom is better than individual knowledge. It is also an assignment that should be considered a “keeper” in that, the assignment results are a call to action and a strategy map for an effective human resource professional.
ASSIGNMENT INSTRUCTIONS
This is a “portfolio” assignment.
The assignment this week is to show the potential impact various HR functions or activities have on the three major financial statements.
First, create a table that listed the major components of the Income Statement, Balance Sheet, and Cash Flow statements. Next, explain how HR can impact those components. For example, reducing the time to fill a position could potentially increase revenue on the Income Statement. Or, expanding the time to pay a vendor for an HRIS system will improve cash flow from operations. What about DSO’s or sales commissions or benefits or PTO or training or…. hopefully you get the idea.
You can use either Excel or Word for your table. You can be creative in how you present your alignments. You do not need to include references as I am looking (and will grade) based on your level of understanding of what HR does impact financial performance.
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