Workshop 7 (Half Day)
Accounting and Finance for the I-O Psychologist
Peter M. Ramstad and Paul R. Bly
Personnel Decisions International (PDI)
Finance is the language of business. While I-O psychologists have
significant measurement expertise, they may lack knowledge of the basic measures of
capital such as; net present value (NPV), return on investment (ROI), earnings per share
(EPS), and so forth.
This Workshop will cover the basics of financial reporting and analysis
in a systematic fashion. Topics will include:
- Sources of financial data.
- Definitions of key terms and concepts.
- Principles for enhancing market value.
- Operational analysis.
- Topics of special interest to HR professionals.
Peter M. Ramstad is Senior Vice President and Chief Financial
Officer of Personnel Decisions International (PDI). Pete began his career in public
accounting, rising to the ranks of partner in a major public accounting firm. Since
joining PDI 8 years ago, he has spent a significant amount of time adapting financial
models and tools to help HR professionals make better investment decisions. Pete has
taught Finance, Accounting, and Strategy in many environments, including the University of
Minnesota Executive Education program, Human Resource conferences, and state and local bar
associations. He specializes in making business concepts accessible and relevant to HR
Paul R. Bly is a consultant at Personnel Decisions International
(PDI). He has an M.S. in I-O psychology from Texas A&M University, where he did
additional work in Finance and Accounting. Since joining PDI, he has developed staff
planning models, designed and delivered training courses on analyzing the economic impact
of HR investments, and consulted with organizations on measuring the ROI of training
programs. In other settings, he has played a leading role in designing a system for
auditing performance measurement systems, and has assisted with the design and delivery of
Coordinator: Blake A. Frank, University of Dallas
1999 Conference Registration Information
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