Part 2 in a series describing how measuring a company’s spend on people (from salaries and benefits to training, recruitment, bonuses, and more) can support decision making that is focused on bottom-line profitability from ROI to EBITDA.
This post discusses Training and Development as an example and emphasizes that while CHROs can powerfully determine which programs and people are achieving the KPIs and goals set, CFOs can begin to identify opportunities to better align cost/benefit for the organization and optimize dollars invested and resulting return in the training process; promoting an authentic and synergistic partnership between Finance and HR...
By understanding how SCM logic can be applied to HR programs, CFOs can identify areas to improve efficiencies and financial performance. In recent years, CFOs have been asked to take on increasing responsibility for improving financial efficiencies in the organization.
Given that people costs are often a company’s single largest line item expense, realizing small improvements in efficiencies of HR processes can drive large accretive impact to the bottom line.
By applying SCM rigor, combined with data analytics techniques, the nature and quality of data can help to inform activities and decision-making.
People Analytics is all about measuring individuals and groups against standards and KPIs established by HR. Human Capital Analytics is all about shining a spotlight on any impact that can be measured where any cash spent on people in the organization has impacted bottom-line financial performance. They do not compete, and both are necessary.
There are fundamental shifts taking place in Human Resources management. It’s no surprise that technology-enabled analytics has permeated every area of the business process. Using sophisticated techniques, operating, marketing, sales and financial professionals have...
The Role of the CFO If you’re a CFO, you know that your primary responsibility is to optimize the financial performance of a company: your three primary accountabilities being financial planning, management of financial risks, and financial reporting. In addition to...
A 10% improvement in employee productivity can generate a 40% improvement in EBITDA.
This one-page summary will give you an easy way to focus on the major aspects of this powerful new, first-of-its-kind Human Capital reporting solution.
Download this one-page summary for easy reference to the benefits of using HC Moneyball in your decision process as you allocate funds to all your people expenses – including but not limited to salaries, benefits, recruitment expenses, training, and more.