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They need to understand finance and accounting to make a difference as strategic partners in the planning and management of a large organization. HR can use cost and revenue data from finance to calculate the ROIs of these projects to estimate profits even before the company starts or completes a project. Transaction. Human capital.
Getting the right people engaged in the decision process with clear accountabilities cannot be overstated as there are ample opportunities for misaligned incentives and hedging across an organization. They need to be prioritized, with a clear line of sight into ROI and timing to drive accountability. If not, you should.
Bill Sherman We need to set up our recruiting function or accountspayable. And you’ve got to be able to show the ROI from that. It’s fairly obvious how to stand up that function, even if it’s a new we’re a rapidly growing, well-funded startup and it’s the first time we hire a HRO. On the road.
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