HR leaders in Financial Services are adopting the use of data and analytics faster than many other business functions and job roles. For so long their focus has been within the HR function; they express doubt regarding their ability to collaborate effectively with their Finance counterparts to uncover actionable insights. In fact, in a recent survey of 450 Financial Services professionals, 95% of respondents agreed that better integration of HR and Finance data was a top priority for the year.
Why is this so important? Because the demands on HR have changed significantly, as HR leaders move into a more strategic role. It requires both an increasingly forward-looking workforce strategy, and quantification of HR’s business contributions. This is compounded for the Financial Services sector, which is faced with rapidly changing regulatory and compliance requirements, and the need to attract and retain tech-savvy talent in an industry that is sometimes viewed as more tradition