Partnering for Performance is the second in Ernst & Young’s ongoing series focused on how CFOs can develop more powerful business partnerships with other corporate departments, in this case HR. According to their research, two biggest challenges facing international businesses today involve scarcity of capital and shortages of talent. CFOs are in charge of one and CHROs the other. It is logical and desirable that they be close working allies.
But historically they have not been. An organization’s workforce is usually its largest expense. In the past, CFOs were trained to view that asset primarily as a cost, while HR was trained to view it as an investment. But those views are outdated.
According to E&Y, corporate HR and corporate finance are in parallel states of transition...
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