A Marriage Of Necessity

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Why and How HR and Finance departments work together-------BY AMIT ROY, NIILM-CMS

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A Marriage Of Necessity

  1. 1. A MARRIAGE OFA MARRIAGE OF CHOICE NECESSITY Amit Roy & Shubhangini Vaish
  2. 2. WHY…?Cost EffectiveCompetitive AdvantageStrategic PlanningEfficient Teamwork
  3. 3. HOW…? Find Common Ground Speak The Same Language Make A Connection Focus On Business NeedsOvercomePastAssumptions
  4. 4. OVERCOME PAST ASSUMPTIONS 43HR is “Rigid” 57 24Finance is “Unimaginative” 76Competition between HR & Finance
  5. 5. FOCUS ON BUSINESS NEEDSAchieving Strategic GoalBudget PlanningCutting down Attrition Risk
  6. 6. FIND COMMON GROUNDControlling and Optimizing The MOST CostlyAssets “People”Getting the Right Fit and Proper ROISetting Compensation, Bonus, etc. Policy
  7. 7. SPEAK THE SAME LANGUAGEHuman-Capital MatrixQuantitative is BetterComparison with Existing PolicyNo Decision in Vacuum
  8. 8. MAKE A CONNECTIONStrong CommunicationFinancial ImpactCross Functionality
  9. 9. Thank You…QUESTIONS???

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