Financial Sustainability of EBMOs

Financial sustainability is as a critical concern for Employers’ and Business Membership Organizations (EBMOs) leaders worldwide. Following the pandemic, many EBMOs found themselves compelled to deplete their reserves, prompting a heightened focus on the financial resilience of their organizations.

A growing number of EBMOs have embarked on reevaluating their financial models, while others have recognized the need for crafting robust medium and long-term financial strategies. Yet, challenges remain. This course aims to provide EBMOs business leaders with the knowledge and technicalities they need to understand their finances and make them stronger. By analysing stories

and case studies, it will give participants strategies to achieve financial sustainability in the long-term as well as short-term planning tools.

CONTENT

• Why financial sustainability matters to EBMOs.

• The financial situation of EBMOs: an overview of the global figures.

• Strategies to achieve financial sustainability.

• Fundamentals of Accounting: The Accounting Equation

• Income statement.

• Balance sheet.

• Statement of cash flows.

• Primary components of the income statement Understanding financial ratios as analytical tools.

• From theory to practice: sound financial management in EBMOs.

• The importance of sustainable finances when leading an EBMO.

• How to read a financial statement: understanding the basics and more complex elements of finances.

• Different strategies to implement within your EBMO to increase sustainability through reserve building and plan for the long-term.

• Effective financial management tools, including different financial ratios.

• How to take a proactive approach to financial management by addressing immediate challenges and planning for uncertainties.

• How to navigate economic fluctuations, adapt to evolving market dynamics and remain resilient in the face of adversity.

Participants obtained a Certificate of Participation issued by the ITC-ILO for successful completion of the 3-week course online.

Weekly training load: 5 hours

Each training week, participants attended a 90-minute webinar and completed asynchronous learning activities, including self-study modules, selected readings and a quiz/questionnaire with multiple-choice questions.

Following the successful completion of all assignments and tasks you will receive certification.

NUMBER OF HOURS: 15