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Fundamentals of Human Resource Management 6th Edition by Raymond Noe, John Hollenbeck, Barry Gerhart,Patrick Wright
Edition 6ISBN: 978-0077718367Fundamentals of Human Resource Management 6th Edition by Raymond Noe, John Hollenbeck, Barry Gerhart,Patrick Wright
Edition 6ISBN: 978-0077718367 Exercise 1
CEO and CFO Relationships with HRM
Executives want HR leaders to play a key role in strategic planning, according to a survey of chief executive officers and chief financial officers in the United States and Europe. But while over half of CEOs think HR is fulfilling that role, few CFOs agree. This is partly because the financial officers want to measure hard numbers, and many HR executives are not delivering that quantitative view of performance.
What skills or competencies could help HR managers build stronger relationships with chief financial officers
Executives want HR leaders to play a key role in strategic planning, according to a survey of chief executive officers and chief financial officers in the United States and Europe. But while over half of CEOs think HR is fulfilling that role, few CFOs agree. This is partly because the financial officers want to measure hard numbers, and many HR executives are not delivering that quantitative view of performance.
What skills or competencies could help HR managers build stronger relationships with chief financial officers
Explanation
Verified
Verified
The human resource managers require conjoining set of skills and capabilities in performing their duties. The HR managers cannot hire people without funding and no company can make money without people. Therefore, the Hr managers must understand the gap between wealth and talent while performing their roles within the organization.
Skills or competencies help HR managers to build stronger relationships with CFOs:
The HR department always needs the help of CFO so that they can better drive talent acquisition. The CFOs controls the costs and optimizes the investment. Hence, there should be a strong relationship between the CEO and HR to frame workforce planning, analytics and assessing the skill gaps. In this regard, the HR managers need effective skills and competencies to be an excellent contributor in balancing wealth and talent. This can be achieved through impeccable communication skills. Strong communication skills are the core of dealing with people related to wealth and talent. Secondly, relationship building skills helps in maximizing the potential of the business organization. The HR manager should be skilled in listening and responding to the care of concerns of various departments. Adaptability is also required while rethinking about the existing policies and crafting the new ones. The HR manager needs to be adaptable and capable in forecasting the need for changes. Most importantly, technological skills are mandatory today for a HR manager to handle a variety of duties within the organization.
Skills or competencies help HR managers to build stronger relationships with CFOs:
The HR department always needs the help of CFO so that they can better drive talent acquisition. The CFOs controls the costs and optimizes the investment. Hence, there should be a strong relationship between the CEO and HR to frame workforce planning, analytics and assessing the skill gaps. In this regard, the HR managers need effective skills and competencies to be an excellent contributor in balancing wealth and talent. This can be achieved through impeccable communication skills. Strong communication skills are the core of dealing with people related to wealth and talent. Secondly, relationship building skills helps in maximizing the potential of the business organization. The HR manager should be skilled in listening and responding to the care of concerns of various departments. Adaptability is also required while rethinking about the existing policies and crafting the new ones. The HR manager needs to be adaptable and capable in forecasting the need for changes. Most importantly, technological skills are mandatory today for a HR manager to handle a variety of duties within the organization.
Fundamentals of Human Resource Management 6th Edition by Raymond Noe, John Hollenbeck, Barry Gerhart,Patrick Wright
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