I was interviewed last week on DriveThruHR with Brian Wempen. (You can listen to the interview here). We discussed the relationship between
This week, I would like to discuss the value of HR to Finance. And I found some numbers to back it up. (Most CFOs I know like numbers).
I spotted this interesting blog by Dr. John Sullivan which brought to my attention a Boston Consulting Group study which discussed the value of HR Processes on Profit Growth, Profit Margin and Total Improvement.
I recommend reading the entire post to get the full details of which HR Processes add most value.
But I would like to bring to the CFOs attention the following results from the survey.
Recruitment is the most valuable HR function to a company.
OnBoarding and Retention is the second most valuable HR function.
Questions to CFOs:
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- Do you find that these HR processes are most valuable to you and your company?
- Does your current solution (internal and external) provide you with this high level value?