A recent survey from Towers Watson indicates that human resource executives and their finance counterparts believe greater collaboration is in their future in terms of boosting performance and improving ROI on personnel. The two functions disagree, however, on how quickly and broadly their increased partnership will unfold.
The Towers Watson survey reports that HR and finance professionals currently report their highest areas of joint activity include setting annual budgets for reward programs (cited by 46% of finance respondents and 62% of HR) and determining changes to rewards programs (43% of finance and 42% of HR). Less active collaboration is seen areas likely to become more important in the future, such as overall workforce strategy (35% finance and 23% HR) and talent management (32% finance, 20% HR).
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