Library: Monthly Commentary on Business and HR Issues
Are We Financial Illiterates?
Posted: 2014-08-18 By David Wexler
Other Reflections Articles
- The Invisible Hand (of HR)
- So, Who Owns Culture & Culture Shift In Organizations?
- What kind of HR Leader Are You?
- What CEOs Say About HR
- Are You Looking for Work?
- What Does Your Business Consider Key For Success?
- The Implications Of The Changing Physical Work Environment
- David Wexler
- Something I Learned for Dealing With Toxic Leaders
- The Importance Of Staying Connected
- Reinventing Recruiting
- It's Beginning to Look A Lot Like Christmas...
- Some Thoughts & Take-Aways From U.S. Conference
- Human Resources and Metrics
- For Ourselves
- Have Some CEO's Lost Their Way?
- What To Do When 1000 Search Firms Come Calling
- My Wish List For Professional HR Associations
- Are We At The Beginning Of The Next Wave Of Career Moves?
- A Review Of 2011 & Preview Of 2012
- Searching for Mr. or Ms. Good CEO
- New Budget and a chance for some refreshed thoughts
- A Darwinian Approach To HR Leadership
- HR is key in Mergers and Acquisitions
- Working Long Hours? Better Buy A Defibrillator
- Making Sure the Employee Fits The Job
- Should We Pay for Whistle-Blowing
- Some Thoughts RE: Spring Cleaning
- Are We Doing Our Jobs As HR Leaders?
- So The Recession Is Over, Now What?
Are we as HR professionals, financially illiterate? According to the CEO of a large professional services firm, selling its services to many Canadian Financial Post Top 500 Employers, only 2% of HR professionals are financially literate.
He takes issue with the fact that when in business meetings, and the talk turns to the financials of the business, HR participants’ eyes glaze over and their involvement in the conversation comes to a screeching halt.
Further, in presenting proposals to HR leaders, he often finds that his audience rarely seem to comprehend the numbers, ignoring material $ benefits; raising questions that add material costs; and seemingly unable to think or make decisions on the basis of the financial merits of the proposal.
LOG ON: Please Login / Sign In with your member access to view and comment on the rest of this post.