Labor is probably your number one CONTROLLABLE cost. Talented employees are also a scarce resource. How is it that financial capital is plentiful but carefully managed, and great employees are scarce and poorly managed?
The answer lies in the relationship between your CHRO and your CFO. They speak different languages, have different priorities, and work off different projects with different desired outcomes. Often, the only thing they can agree on is compliance and reporting.
With the rise of Human Equity Valuation (HEV) companies are able to look at the financial impact of people on enterprise value. This drives more targeted and impactful investments in people and makes the case clearly that performance management in not an option, but a requirement. By looking at what are perceived to be “human resources initiatives” in financial terms, the CHRO and the CFO can invest in the enterprise together.
- What is Human Equity Valuation (HEV) and how can it help you most effectively invest in your people?
- What is negative engagement and why does the CFO care about it and less about positive engagement?
- In an environment where hiring and retaining top talent is difficult, what are alternative “currencies” employees not only accept, but crave?
June 20, 2018 8 AM PDT, 11 PM ET, 4 PM GMT