Are you ready for the changing role of the CFO?

Posted by: samantha on 1 February 2017 in Innovation & Technology

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85% of Chief Financial Officers (CFOs) say their roles have expanded outside of traditional accounting and finance in the past three years.As Heads of Finance/CFOs accept more senior management responsibilities, there’s often a need for them to wear new hats and navigate through other functional areas. Building the expertise to understand and manage these challenges can be difficult.The Economist Intelligence Unit and ADP have created a series of articles examining the evolving role of the CFO/Head of Finance from three vantage points:CFO’s partnership with HR to support workforce decisionsExplore how your peers in finance are stepping up to meet increasing CEO expectations – and preparing themselves to take the top job.CFO and CEO: Business partners, or married couple?Find out how CFOs are helping their businesses view their workforce as an engine of innovation – rather than a cost.The data-driven CFOLearn…

Increase recruitment, retention and productivity with flexible work arrangements

Posted by: samantha on 25 January 2017 in Human Capital Management

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Research by the Society for Human Resource Management (SHRM) (1) shows that participation in some type of scheduling optimisation options, or flexible work arrangements (FWAs) has risen in recent years – yielding positive results for employee recruitment, retention, development and productivity.According to SHRM 2015 Employee Job Satisfaction and Engagement Report (2), scheduling optimisation options, or flexible work arrangements (FWAs), are important to employees and affects their willingness to stick around. For example 55% of employee respondents noted work-life balance flexibility as a "very important aspect of their job satisfaction."FWAs are also vital for retention according to SHRM's 2015 HR Jobs Pulse Survey (3), in which 38% of respondents indicated they continue at their current enterprise because of the "flexibility to balance work and life issues."Without FWAs an enterprise could put itself at risk of understaffed shifts which, according to the latest U.K. Health and…

Onboarding Expectations: The New Hire View

Posted by: samantha on 18 January 2017 in Human Capital Management

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Business and HR Leaders need to make sure their organisation is doing enough to fulfil their new employees' onboarding expectations. This should start before the employee even steps foot in the door on day one, providing them with an advance view of company policies, information about the team they are joining, the ability to get started on new hire paperwork, and even something as simple as assigning a lunch buddy to each new employee. These steps can greatly contribute to a new hire's sense of comfort and connection with their new organisation. But with resources focused on ensuring all of these boxes are checked, sometimes the simplest of new hire questions is often overlooked:"Let's say you go on your tour. You meet the people. You're told you'll be sitting here. What's the next question that comes to mind? What do…

Collaboration Across Locations: A Guide for Business and HR Leaders

Posted by: samantha on 4 January 2017 in Multinational & Globalization

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Effective collaboration across locations is one of the biggest cultural and technological challenges facing business and HR leaders today. Globalisation, talent mobility, outsourcing and the rise of factors like remote work and the freelancing economy are reshaping the work environment.As large organisations have started to look globally to recruit the best talent, creating a unified workforce remains a top priority. According to ADP Research Institute's® Evolution of Work (1) report, those businesses most likely to adopt the new technologies and trends needed to achieve that goal are multinationals. But certainly that will change as businesses of all size see value. The Aberdeen Group (2) has already found that organisations are most likely to recruit, onboard, retain and grow top talent successfully when they support each stage of the process with the right technology.So how can you determine what types of technology to implement in…

4 tips to boost recruitment and retention in tight labour markets

Posted by: samantha on 28 December 2016 in Human Capital Management

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47% of respondents in a recent Australian Human Resources Institute survey (1) believe turnover in their workplace is too high – and a ManpowerGroup reports (2) that recruitment is a difficulty for over a third of all employers.HR leaders in search of talent know that hiring in tight labour markets is anything but easy, and recruitment challenges become more pronounced for positions requiring higher levels of skill. As the Harvard Business Review (3) reports, the "skills gap" is real and growing, especially as job markets continue to constrict. The impact of this talent gap on organisations is clear, decreasing their capacity to serve customers, develop innovations and maintain levels of productivity.So how should HR leaders respond to a climate in which talent is increasingly scarce and expensive?Here are four suggestions:1. Retain the Talent You Already HaveStart by identifying the key talent you already have…