Library: Monthly Commentary on Business and HR Issues
Are We Financial Illiterates?
Posted: 8/18/2014 By David Wexler
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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.
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