A daring question for HR Leaders - are you brave enough to tackle it?

As business is dominated by cash flows, costs and profitability the finance function has traditionally been immune to any form of corporate criticism. Money is the driver for many organisations and as finance retains full control of this role and very few have dared to criticize its brand as the most central and critical of all support functions. But times are a changing and today we are seeing the once revered finance function being subjected to review. Relentless cost pressures and global competition are forcing organisations to now look at how their finance functions operate. We have probably all heard the classic jibes of “the bean-counters or digit heads” but nowadays leading edge functions are instigating real change.

Important Trends in HR

One of our clients asked me to join their Global HR meeting and facilitate a discussion of the broad trends in Human Resources so that they could benchmark their plans. This article provides you with information on what are the current trends impacting HR. Firstly we will look at some broad trends and then we will look at five main trends impacting HR directly.

Finance Needs a New Brand

Like all support functions in today’s world, the finance function is under increasing pressure to demonstrate value added services to the business. However many finance functions remain bogged down in detail and complexity; often dealing with accounting and budgeting as opposed to real business intelligence and simply reporting too many metrics and measures.