Value of HCM for Finance
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Transcript of Value of HCM for Finance
The Business Value of Human Capital Management for FinanceVentana Research
Industry Fact:Projected compensation of US employees in 2013
$8,527.2 trillionIt’s often an organization’s
largest expense.Source: Bureau of Economic
Analysis
The reason is cite
lack of integration
between finance and HR impedes
progress.
Brittle integrations: 75% of finance organizations agree there are better alternatives to spreadsheets for their cross-functional business processes.
of organizations indicated it’s important to align the workforce to business goals and financial results.Source: Next Generation Workforce Management Benchmark Research
81%
But 46% said finance
organizations do not work closely
with HR to improve processes.
Source: Total Compensation Management Benchmark Research
Source: Total Compensation Management Benchmark Research
Source: Spreadsheets in Today’s Enterprise Benchmark Research
Hard to adjust:
of finance organizations that have integrated headcount and com-pensation plans are not
able to adjust to meet business needs.
Source: Integrated Business Planning Benchmark Research
61%
The secret is a unified approach:
cited integration
of compensation management with
payroll 69% and accounting 51%
as a top priority.Source: Total Compensation Management
69%
69%