1 Question
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1. Finance generally is responsible for the budget and HR is generally responsible for the single largest operating expense, benefits and compensation. Therefore there are a number of ways for finance and HR to collaborate on how to manage these expenses so that they become an investment and deliver an ROI. It would not be too difficult to construct a benchmark, set up an objective, measure the objective with metrics, graph progress, and establish a regular reporting and review process.
2. Finance generally allocates costs such as legal fees for employment claims to the department that incurred the charge. As a result, HR is not held accountable for these expenses and they should be, if HR is going to have an impact on the organization. HR and Finance can work out what I refer to as shared objectives so that multiple departments are held responsible for containing cost and all participants benefit when the predefined objectives are met.
Call me if I can be of further assistance.
Mike Salisbury Principal HRA 818 970 0730 hralliance@att.net
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