SURPRISE: Roughly 1 in 5 CFOs Becoming More Involved in HR Responsibilities, Survey Finds
Chief financial officers: How HR savvy are you?
According to a recent survey, you are probably dealing with human resources more often than most people might think.
The survey, developed by Robert Half Management Resources and conducted by an independent research firm, interviewed over 2,100 CFOs from a random sample of companies in over 20 large U.S. markets. The researchers found that most of today’s CFO’s —more than eight in 10—responded that over the past three years their roles have expanded to new areas beyond finance and accounting, with human resources as the most commonly cited area. A full 21 percent (about one in five) of CFO’s reported that they were involved with HR activities.
According to an article posted by Ere.com, when a similar survey was conducted in 2011 by the same organization, operations was cited by more CFO’s than any other area, (27 percent) with HR cited by 19 percent of CFO’s participating. The article speculates that modern collaborative workplaces and the increased use of analytics and data are becoming an important part of recruiting and hiring.
“CFO’s are finding value in HR functions and analytics and are using them to their companies’ advantage,” says myHR Partner’s president, Tina Hamilton, PHR. “But that doesn’t mean they need to oversee the human resources department. They do want to tap the resources provided in new ways, however.”
Whether you are a CFO or not, we can help you find human resources solutions that can improve your bottom line.
It takes a strategic, broad approach to effectively manage your HR functions. It also takes knowledge, skill and time to conduct the work that needs to get done to maintain a positive, productive and profitable workforce. Our team of HR experts is here to help you achieve your goals. Email us, or call us at 610-443-0119 to discuss how myHR DirectLink Services can help your business.