How Finance and HR Can Team Up to Meet New Workforce Expectations
Employees are every organization’s greatest asset—and typically the most expensive to replace. The cost of recruiting, hiring, and onboarding a new employee can be significant, not to mention the indirect costs of slowed productivity and morale dips when teams lose a key person. To reduce the negative and costly effects of turnover and prepare your organization to be ready for anything, your organization must re-envision various aspects of work and invest in providing a positive employee experience (EX).
Today’s employees value remote work, work-life balance, flexibility, streamlined technology, and employers who care about their concerns and well-being, from safety while traveling and environmental sustainability to diversity, equity, and inclusion. However, according to Gartner, less than half (45%) of employees believe that their organization cares about their personal well-being.
Finance and HR must embrace the opportunity to work together to reimagine technology, processes, and workflows to positively affect EX and, in turn, fuel productivity.
Download our tip sheet to explore six ways that finance and HR teams can collaborate to meet new employee expectations.
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