K Knowledge HF-D8.4-001 transversal 9 skills

Financial awareness

Understands how revenue, costs, margin and liquidity relate in the own organisation and includes this in daily choices and proposals.

How hrmforce measures this

Test of declarative job knowledge, usually assembled per client.

Level	Behaviour at this level
N1 Guided	Names which costs belong to the own work and checks what an expense means for the budget. works under supervision and follows instruction · routine, one variable at a time · own task
N3 Proficient	Calculates the financial consequences of an own proposal in costs and benefits and explains the outcome to colleagues. sets own approach and seeks input proactively · several variables, some ambiguity · own team or process
N5 Leading	Explains the financial position of the organisation to all layers and uses that knowledge in strategic trade offs. sets the standard and the policy · strategic, under high uncertainty · organisation, value chain or profession

N2 and N4 are deliberately not anchored. Raters place them between the anchors, following the O*NET convention.

These skills inherit the assessment route and the behavioural anchors of this construct.

T	Skill	Definition	Demand outlook 2026 to 2030
K	Calculating margin Gross margin	Calculates gross margin and margin percentage on the basis of revenue and direct costs.	rising
V	Making a cost price calculation Cost price calculation	Calculates the cost price of a product or service with direct costs, hours and overhead.	rising
K	Distinguishing fixed and variable costs Fixed and variable costs	Determines which costs move with output and which continue regardless of revenue.	rising
K	Determining the break-even point Break-even analysis	Calculates at which revenue or volume the proceeds exactly cover the total costs.	rising
K	Understanding liquidity versus profit Cash versus profit	Explains why a profitable organisation can still be short of cash and the reverse.	rising
V	Substantiating an hourly rate Hourly rate calculation	Builds an hourly rate from wage costs, indirect costs, productive hours and desired margin.	rising
K	Handling VAT in prices VAT calculation	Calculates correctly with amounts excluding and including VAT and knows the difference on invoices.	rising
K	Using financial terms in meetings Financial literacy	Uses terms such as margin, revenue, budget and cash flow correctly in conversations with colleagues.	rising
K	Estimating the cost of own choices Cost awareness	Roughly estimates for an own proposal or decision what it costs and what it yields.	rising