Part 2 of the Partnering for performance series, this report explores the different aspects of the CFOs' roles and the events that they will encounter during their careers, in particular, the relationship between the CFO and the chief human resources officer (CHRO) and together, how their collaboration can achieve superior financial performance.
According to 80% of the companies surveyed, a higher collaboration brought higher EBITDA growth and stronger improvement across a range of human capital metrics such employee engagement and productivity within a three-year period.
The building blocks for effective collaboration between the CFO and CHRO are a mix of key ingredients (i.e. the right governance and operating model, the right knowledge and resources and the right technology). These three areas will help resolve organizational challenges and enhance performance.
- Executive summary
- Four key drivers of collaboration
- What do high performers do differently?
- How can companies make collaboration happen?
- Ten steps for CFOs to build a more collaborative relationship with HR
- Survey respondent demographics