As the skills gap continues to threaten many industries, HR leaders, benefits professionals and CFOs are collaborating more than ever to sustain and grow their businesses.

Companies that report strong relationships between HR and finance departments show substantial improvements in company fundamentals, but “it all depends on the data,” says Steve Coco, a principal in Buck Consultants’ talent and HR solutions practice. “The more effective HR becomes with providing data-based insights to senior leaders, the more involved they are becoming with the corporate hierarchy.”

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