The human resource: From cost to asset

January 24, 2017
Global
While CFOs focus on numbers, and CHROs on people, both have the ultimate goal of maximising profitability.

To less-enlightened CFOs, human capital is viewed as a cost to be managed. Even after many advances in productivity, average human capital costs are, admittedly, still a major operational expense. But in the modern global economy, where ideas and digital skills – rather than physical resources – are increasingly where economic value is realised, people can be a company’s greatest asset. CFOs need to see the workforce as an engine of innovation, rather than a cost to be managed.

 

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