Connect@ADP

Partnering with a more human resource

CFO’s changing view on human resources: From cost to assets

Posted by: on 21 February 2017 in Human Capital Management

In a survey by Robert Half Management Resources, 85% of CFOs said their roles have expanded outside of traditional accounting and finance in the three years prior to the study. Human resources topped the list of new skills, followed by IT, operations, and marketing and sales. Executive search firm Spencer Stuart also states that when looking for CFOs they will note their ability to collaborate across all segments of the business, among which HR partnership is critical.

As the chief responsible person for a company’s financial issues, the role of CFO expanded steadily in the past years. The CFO function has transformed from accounting to management and then to high-level strategy, deal-making and even public relations. During the process, their partnership with CHRO is strengthening. You may now often see CFO and CHRO work together in areas like strategic workforce planning or employee productivity to make joint decisions. The way how CFO perceives human resources is also changing.

Human capital: From cost to assets

When Apple overtook Exxon in 2011 to become the world’s most valuable company, it was a watermark in post-industrial capitalism. A consumer products company, whose technologies were not a fundamental need for anyone, had become more valuable than a corporation pumping the fuel on which the global economy depends. Later, multibillion dollar valuations and acquisitions of the likes of LinkedIn and WhatsApp further demonstrated the commercial value of ideas that, in turn, underscores the importance of people: successfully incentivizing the smartest workers, and ensuring they stay.

Even after many advances in productivity, average human capital costs are still a major operational expense for most companies. One study has estimated that total human capital costs average nearly 70% of operating expenses. No wonder that financial executives often tend to view human capital as a cost to be managed. But in today’s global economy, ideas and digital skills – rather than physical resources – are increasingly where economic value is realized, people can be a company’s greatest asset, which makes it relevant to profitability and shareholder value. This requires CFOs to view a company’s workforce more as an engine of innovation, rather than a cost to be managed. Ms. Jessica Zhang, CFO at ADP APAC commented, “Today’s Finance and HR have reached a strong consensus on the importance of critical talents, we both agree that good talents are more effective and can bring more value to the company, it is our common focus to attract and retain key talents. As a CFO, one of my duties is to make sure that we’ve allocated enough capital and resources in talent attraction and development.”

A closer tie between CFO and CHRO

In a modern organizational structure, CFO is often considered as an important business partner to CEO and plays a critical role in business and operation decisions, while the role of HR is relatively neglected. Jack Welch, who ran GE for two decades, told Leadership and Management Magazine: “HR should be every company’s killer app. You would never know it, though, to look at the companies today where the CFO reigns supreme and HR is relegated to the background. It just doesn’t make sense.” By Welch’s estimation, companies that subordinate human resources to finance chiefs have it backwards. HR heads should figure prominently in executive suites because nothing shapes performance more than putting the right people in place and incentivizing them properly.

With the importance of human capital getting prominent, HR is elevating in the corporate hierarchy in recent years, and CFO, who is in charge of resources allocation to achieve organizational goals, apparently needs to know more about human resources. “CFO relies on CHRO for workforce analytic to make the right decision on capital investment,” said Vashist Kommunuri, HR director at ADP China, “for example, when a company expands its business into a new field, CHRO will give suggestions from people’s perspective, like how many existing talents and skills are available to support the new business, what is the shortage, and for that shortage, shall we buy or build? CFO and CHRO often work together in areas like strategic workforce planning, talent decisions, employee productivity and process integration across finance and HR. They decide on the plan together and also review the progress regularly to make necessary adjustments. Their effective cooperation is critical to right talent decisions.”

Big data and development of related technologies have enhanced the communication between CFO and CHRO. Nowadays, it is possible for corporate HR to access real time human resources data via some cloud-based platforms, they can also do visualized analysis on key metrics like retention rates, compensation, etc., benchmarking with peer companies in the industry. Moreover, based on the commute and a range of other factors, HR may use predictive models to pinpoint key employees most likely to leave, so they can take actions or prepare in advance before those highly skilled employees officially hand in their resignations. All these have enabled CHRO to talk to CFO more efficiently, reaching common ground with compelling data analytics.

123

A fruitful partnership

Towers Perrin, a management consultancy, found that a strong relationship between the CFO and the CHRO is linked with superior performance. When relationships were collaborative over the prior three years, companies “report average higher EBITDA growth and stronger improvement across a range of human capital metrics, including employee engagement and productivity”.

CFOs who fail to recognize the importance of talent to success, by contrast, will put their organization at a disadvantage. If their company cannot attract the smartest people in the field due to inadequate investments, their rivals will. Moreover, companies that cannot keep their employees lose valuable experience and waste resources in re-training replacements. A global study conducted by EY revealed that the way CFOs and CHROs from high-performing companies collaborates differs from the rest in four areas: the two roles spend more time together and are more likely to be peers; better collaboration on business strategy; stronger at using data analytics to understand the workforce and improve HR performance; and CFO is more involved in identifying and tracking HR metrics.

In general, today’s CFOs need to be fully aware of the importance of human capital and collaborates closely with CHROs in human capital strategy and investment. Their close relationship is not only important to talent attraction and retention, but also affects a company’s overall competiveness and profitability.

About the CFO article series

Together with the Economist Intelligence Unit, ADP has sponsored this series of articles to guide you through the challenges shaping the evolving role of the CFO from three vantage points: Chief Human Resources Officer, Chief Executive Officer and Chief Information Officer/Chief Technology Officer.

The insights are based on C-suite or senior management interviews, desk research, business literature and interviews with analysts and covers a range of sectors: natural resources, technology, consumer goods, financial services, ICT and automotive – interlinked trends including the deepening role of technology in business, the battle for talent, the challenges of corporate reporting in a 24/7 media age, trade-offs around organizational structures (in-sourcing/out-sourcing) and between operational expenditure for today versus capital expenditure for tomorrow.

The series include three articles, respectively “CFO and CEO: Business partners, or married couple?”, “CFO’s view on human resources: From cost to assets” and “CFO’s evolving role in big data age”. To download the full article series, go to http://www.adp.com.hk/insights-and-resources/whitepapers/the-economist

(Visited 636 times, 1 visits today)

TAGS: Evolution of Work HCM Human Capital management Human resources talent management technology

Post a response

hydroxychloroquineEt says

chloroquine pills hydrochlor hydroxychloride 200 mg

KimaBymndotr says

provigil side effects modafinil moa

hydroxychloride 200 mg says

what is hydroxychloroquine 200 mg used for https://plaquenilx.com/# hcqs 200

pharmacepticacom says

erectile tissue histology https://www.pharmaceptica.com/

prednisonetablets says

prednisolone acetate ophthalmic suspension day dosage prednisone weight gain

buy isotretinoin says

isotretinoina accutane

modafinildrugtest says
bactrim ds 800 160 says

trimoxazole tablet uses in hindi trimoxazole side effects

cialis dosage says

cialis 20mg cialis dosage

prednisonemedicine says

side effects for prednisone prednisone long term side effects

bactrim generic says

sulfamethoxazole trimethoprim

how does accutane work says
ordermodafinil says

https://modafilmodafinil.com/ buy modalert

KimaBymnngkx says

hydroxychloroquine over the counter https://hydroaralenus.com/

KimaBymnjjct says

KimaBymndpze says

hydroxychloroquine interactions chloroquine cost

KimaBymnksyp says

chloroquine death chloroquine phosphate

Drieldvdcs says

https://chloroquine500mg.com/ hydroxychloroquine where to buy

KimaBymnwjzh says

KimaBymnnair says

chloroquine vs hydroxychloroquine aralen medication

KimaBymncahl says
Fnmkstync says

how much ivermectin to give a 50lb dog ivermectin drench for goats

Drieldjevo says

hydroxychloroquine buy online hydroxychloroquine generic

KimaBymnnaif says

https://chloroquinestrx.com/ hydroxychloroquine price

KimaBymnvqdl says

KimaBymnfkjw says

hydroxychloroquine drugs plaquenil uses

KimaBymnwmej says

hydroxychloroquine and zinc plaquenil for rheumatoid arthritis

Dmsneilt says

online pharmacy adipex rite aid pharmacy how many store

Cmkoalole says
Rkkzneilt says

effexor xr canadian pharmacy friendly rx pharmacy

Dsncrype says

define viagra viagra for woman

KimaBymnensv says

plaquenil price plaquenil 200 mg

Drieldzgcu says

hydroxychloroquine tablets chloroquine tablets

Ansbdrusa says

over counter viagra flomax and viagra

KimaBymnplvu says
HsngIcorn says

is super active cialis a scam how much does generic cialis cost

KimaBymniyup says

Dsjgneilt says

shipping prescription drugs cigna online pharmacy

Ansnerekjeard says
KimaBymndvxp says

chloroquin https://hydrochloroquine200.com/

JefferyreF says

buy cheap generic zithromax buy zithromax

Rumbneilt says

best canadian pet pharmacy canadian colleges of clinical pharmacy

Cahualole says

cheap cialis super active cialis 36 hour online

SwhhJame says
Williamcoutt says

prednisone cream prednisone for sale 5mg

Kevindic says

which one is better viagra or cialis cialis malaysia

Mathewdon says

cialis super active review cialis with no prescrption

Dsnncrype says

what to expect after taking ivermectin for scabies doctors who prescribe ivermectin online

Dwaynesmard says

cialis in melbourne cialis cheap online

Jerryephes says

how long before sex should you take cialis cialis profesional vs. super active vs. cialis

Kevindic says

use paypal to buy cialis cialis price comparison

KmsgElads says

shoppers pharmacy pharmacy online degrees

Mathewdon says

canadian meds cialis cialis great price

Dwaynesmard says

cialis daily cheap dapoxetine cialis

Kevindic says

cialis brand no prescription needed cialis shipping

Jerryephes says
Kevindic says

cialis dapoxetine overnight shipping canada cialis buy cheap with master card

Dwaynesmard says

cialis canada sale cialis softtabs online

Mathewdon says

cialis on line overnight buying cialis online canadian order

Kevindic says

viagra and cialis buy cialis through pay pal

Jerryephes says

generic cialis vs cialis generic cialis online

Kevindic says

where can i buy cialis cheap cialis pills men

Dwaynesmard says

cialis with dapoxetine online cialis online nz

WillieJunse says

ivermectin usa ivermectin generic name

Aanndrusa says

is ivermectin safe for pregnant dogs buy ivermectin for humans

ThomasHoM says

stromectol tablet 3 mg ivermectin 12

LloydDrern says

cost of ivermectin medicine stromectol tab price

Eugeneeximb says

stromectol 3 mg ivermectin generic name

WillieJunse says

cost of ivermectin 1% cream ivermectin new zealand

HmrmIcorn says

ivermectin cost for dogs buying ivermectin online

LloydDrern says

ivermectin price canada ivermectin 5 mg price

WillieJunse says

ivermectin buy stromectol ireland

ThomasHoM says

ivermectin 6 mg tablets ivermectin where to buy

WillieJunse says

ivermectin 3mg tablets buy stromectol canada

LloydDrern says

ivermectin oral ivermectin 5

Eugeneeximb says

stromectol otc buy stromectol canada

WillieJunse says

stromectol over the counter ivermectin oral 0 8

Josephpow says

100 mg viagra lowest price viagra vs cialis

Dktkneilt says

ivermectin and covid ivermectin dose for chickens

Asbferekjeard says

ivermectin india stromectol for head lice

AntonioFap says
Joshuahunse says

viagra prices viagra for sale

Rnsnneilt says

peru ivermectin does ivermectin go bad

Josephpow says

cheap viagra viagra price

auto approve list says

I need to to thank you for this wonderful read!!
I absolutely loved every little bit of it. I've got you saved as a favorite
to look at new stuff you post…

AntonioFap says
auto approve list says

Great post.

Richarduphor says
Josephpow says

how does viagra work viagra without prescription

Cnsnalole says

can americans order pregabalin from canadian pharmacies cvs pharmacy store 7164

Joshuahunse says
AntonioFap says

online viagra viagra

Richarduphor says

buy viagra professional viagra vs cialis

Josephpow says

viagra without doctor prescription viagra 100mg

Dnsncrype says

viagra vs tadalafil avanafil vs tadalafil

Joshuahunse says

viagra prices viagra samples

Josephpow says

cheap viagra viagra side effects

Fnwnstync says

how to purchase viagra in india real viagra for sale online

Richarduphor says

viagra price viagra vs cialis

Josephpow says

real viagra without a doctor prescription viagra vs cialis

AntonioFap says

viagra without doctor prescription buy viagra

Josephpow says

order viagra online generic viagra available

Joshuahunse says
Josephpow says

buy viagra online without a prescription buy viagra pills

Richarduphor says

generic viagra 100mg viagra without prescription

Asbdferekjeard says

original cialis low price cialis effectiveness

AntonioFap says

viagra 100mg viagra coupon

Joshuahunse says

п»їover the counter viagra generic viagra available

Josephpow says
Drieldqfpu says

trump hydroxychloroquine side effects for hydroxychloroquine

Richarduphor says

canadian viagra buy viagra

Awnndrusa says

sildenafil walmart over the counter teva sildenafil cost

Josephpow says

viagra without doctor prescription viagra without prescription

Joshuahunse says

generic viagra 100mg viagra canada

KimaBymnjizl says

buy hydroxychloroquine canada hydroxychloroquine for covid

HmsmIcorn says

tadalafil not for consumption in the united states tadalafil indian brands

KimaBymnuvzx says

https://chloroquinesada.com/

Sloda says

Мамка и дочь устроили папаше новогоднее развлечение Смотри бесплатное русское порно с инцестом и молодой брюнеткой в чулках сосущей член своего папаши и дающей полизать свою бритую пизду и жестко трахнуть вагинально в разных позах только у нас на сайте и только русское порно в хорошем качестве. Смотрите как бестыжие отцы трахают молодых дочек. Часто секс папы и дочери происходит по принуждению, или по пьяни. Но от этого суть не . В полдень пятницы Джордж, высунув язык, пытался попасть по теннисному мячу, который Сесили упорно подавала мимо его ракетки Порно Русский секс отец и дочь школница онлайн на андроид, смотреть Русский секс отец и дочь школница на видео бесплатно на мобильном, секс . – Приветствую вас у себя, дорогие гости, – грассировал «барин», обращаясь к К Мамка и дочь устроили папаше новогоднее развлечение http://www.castle-infinity.com/forums/member.php?action=profile&uid=79585 © 2017-2021 Порнушка на PROkazi.net. Все права защищены. Популярные фильтры На сайте Fapalkin.com регулярно выкладывают домашнее порно видео в огромном количестве, как русское так и зарубежное. Велкам! Подставила попку для члена Домашнее Узбечка решила что муж уснул, начала демонстрировать на камеру свою бритую пизду и стоячие сиськи. Затем паль... Русская сексвайф ебется с любовником на квартире и снимает порево для мужа © 2009 - 2018 ПОРНО РУСЬ ТВ Узбек при виде молодой жены красавицы в платке не смог сдержать свою похоть. Затащив жену в укромный закоулок... Узбечка решила что муж уснул, начала демонстрировать на камеру свою бритую пизду и стоячие сиськи. Затем паль... Муж снял с женой домашнее супружеское порно в позе раком Смотреть Русское порно видео бесплатно онлайн. Русская сексвайф ебется с любовником на квартире и снимает порево для мужа Домашнее порно с худой блондинкой в позе наездницы

Sloda says

Simply complete the online application form. To secure approval faster, make sure your information is accurate. Back pain lurks around the corner in today’s fast way of life… You can get instant cash loans from LoanPass and also use the same limit with a credit card. В© 2021, Everett Herald and Sound Publishing, Inc. You can easily use our Lite Loan in just about any of your Minor Urgent expenses: The loans can be fast-tracked and easily approved Includes Establishment fee and Administration fee. Payment Protection Insurance is excluded. Repayments shown are an estimate based on an Interest Rate of 29.95% p.a. Minimum instalments, loan terms and lending criteria, Terms and Conditions apply. https://imparteti-painea.ro/forum/profile/ashtonwienholt/ This mortgage calculator will help you find out how much you can save by switching your mortgage to a different lender or mortgage type. Simply enter the details of your current borrowing and remaining term and the calculator will display the monthly and total savings you will make. Use our Switch and Save Calculator This mortgage calculator will give you an estimate of your maximum borrowing capacity. The calculator allows you to add in other financial commitments to test the affordability of any potential borrowing. This calculator uses a range of factors to estimate your mortgage borrowing limit. These figures are not set in stone as all lenders use a range of factors in estimating your borrowing capacity. Our consultants will provide you details and additional information about how borrowing limits vary between lenders. Use our How Much Can I Borrow Calculator

Dnrjneilt says
KvrdElads says

cialis manufacturer coupon lilly overnight delivery generic cialis

ShheJame says
Rrnbneilt says

pharmacy tech course online mark marine pharmacy canada

Cmemalole says

sildenafil soft gel capsule female viagra sale

Sloda says

Групповой секс с волосатой азиаткой порно видео онлайн смотреть бесплатно Отобранных вручную. Смотреть самую горячую коллекцию азиатки секса. Загружать бесплатное порно онлайн 24 часа в сутки! КатегорииПорно чат . Гарриет в соответствии с положением и авторитетом сидела в глубоком кресле в центре полукруга - Инцест Смотри самые горячие Азиатки в мире видео бесплатно на Pornhub. Самые яркие порно-звезды разденутся и займутся жестким сексом в лучших Азиатки онлайн-кино. Pornhub гордится тем, что у нас самая большая коллекция горячего Азиатки бесплатного. С еле заметной усмешкой Коллинз проверил положение ее рук и проверил, правильно ли закреплены крючки Красивая азиатка с сексуальным телом азиатки Порно Видео Блог 2017 © PornoRussia.net Громкий оргазм азиатки Мужик приехал в Китай и захотел пошалить Порно Видео Блог Таджик захотел записать домашнее порно видео, поэтому Русское Порно Онлайн https://compagniedelabotte.ch/community/profile/kenjrf311131179/ Пышная Оливия Найс незабываемо трахнулась с отчимом Девушке нравится быть рабыней для чувака Порнушка - смотреть бесплатно фото траха © 2017-2021 Порнушка на PROkazi.net. Все права защищены. Порнушка онлайн - беспланный сайт порнухи, смотреть онлайн ... Порнуха на ТрахЗилле - огромный выбор порно категорий и тегов, любимые ролики в HD и Full HD качестве, смотри онлайн или скачивай без ограничений! Хорошенько засадил ей свой член в киску на кровати Домашняя русская порнушка с отсосом и еблей киски Большеглазая любительница вытворить оральную оказию сосёт как пылесос, втягивает прибор до упора и даже не откашливается, словно с волшебными палочками. Он начал трахать ее в классической позе, не оставят равнодушным ни одного ценителя хорошей порнушки. Русская красотка проиграла игру и отсосала член Негритянка и шатенка занялись лесбийским сексом Зачем накачивать губы если трахают обычно сзади