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Bringing Finance and HR Together

Research undertaken by the Chartered Institute of Financial Accounting and published in 2009 concluded that “closer cooperation between HR and finance departments in areas such as bonus schemes and training has been found to improve organisational performance” (People Management, 27 August 2009).

Reading

Read a summary of their research in “Human resource policies, accounting and organisational performance” (see reading list).

Activity

To what extent are HR and Finance linked within your organisation? Do management accountants “work with HR to support the HRM function in improving performance?” Identify areas where this happens or where it could happen if it currently does not.