Sunday, November 26, 2017

Inter linkage between Finance and HR

Both the finance and HR are considered as services to the main business. The main business people are mostly from the Sales and Operations side. No wonder, almost all the great companies have people from Sales or Operations as CEO. My favourites are

  1. Tim Cook - Operations
  2. Jack Ma - Sales

There are numerous examples of the same. However, no one has become as successful CEO without the support of good support functions. Finance and HR are the prime among them.

Though both of them seems to be separate in terms of specialisation, they are quite similar at the top level. Consider the basic framework of HR - BSC (Balance Score Card).

Almost all the KPI in the lower levels are evaluated on the basis of their financial implications.