Using Analytics to Create a Bridge Between HR & Finance
posted by Laurie Bassi
In many companies, the relationship between HR and Finance ranges from uneasy to downright unpleasant. Given Finance’s ability to veto its initiatives, it is easy for HR to come to think of Finance as the arch-enemy.
If you are in HR and this sounds even vaguely familiar, we invite you to a webinar co-presented by McBassi CEO Laurie Bassi later this week. The webinar (Wednesday, June 15, 2016 at 12:00 noon EDT) is being put on by Financial Executives International (FEI).
Entitled “Balancing Effective People Management and Profitable People Management,” the webinar focuses on how CFOs and HR are partnering to drive a more profitable and strategic business. Click here for more details and registration information.
Laurie will be discussing how to use analytics to bridge the HR/Finance gap by doing the following:
- Focusing on measuring the “human drivers” of value creation (not just employee engagement)
- Linking “people data” to business data
- Creating the “right” human capital metrics/indices for tracking & reporting
- Building these metrics into the performance management & compensation systems
There’s a lot of wisdom in the old adage, “If you can’t beat them, join them.” Analytics is the language of finance. And increasingly, it is becoming the second language of HR.
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