Daily Document Update: HR Compliance Library, ?46,108, Lack of collaboration between HR and finance gets in way of employers reaching top goal of cost reduction - SURVEY RESULTS, (May 24, 2019)

摘要

Well over half (64 percent) of U.S. businesses say cost reduction is the top challenge they expect to face in the coming year and less than half (48 percent) of enterprises can confidently answer questions about whether the right employees are doing the right work to execute business strategies, according to recent research from workforce analytics and modeling company OrgVue. The survey of over 400 human resources (HR) and finance decision makers in the U.S. and UK also found that a major gap exists in how well HR and finance collaborate when it comes to workforce planning. Less than a third (28 percent) of HR and finance departments have shared reporting systems and processes, according to the study, “Making People Count: 2019 Report on Workforce Analytics,” which surveyed companies of over 1,000 employees from a wide variety of industries.