Finance’s greatest fears about the HR department (Infographic)
In order for companies to running smoothly and efficiently, collaboration and trust between Finance and HR is absolutely critical. Unfortunately, the former doesn’t seem to have much trust in the latter.
That’s evidenced by the “Employee Benefits Barometer: SMB Perspectives and Priorities in an Era of Disruption,” a recent study by Hub International Limited (HUB) that polled more than 400 senior-level human resource and finance executives at companies with between 50 and 1,000 workers.
Little faith in HR
While 78% of Finance does consider HR a strategic partner, many Finance pros don’t seem to consider their peers in the human resources arena a competent partner.
Case in point:
- 32% of finance execs expect HR to go over budget
- 34% expect the department to mismanage ACA reporting, and
- 35% foresee their companies paying IRS audit penalties as a result of that mismanagement.
Below is an Infographic that HUB put together based on its report:
Cite: Hub International Limited
- Share on
Free Training & Resources
White Papers
Provided by UJET
Further Reading
Trader Joe’s has agreed to pay $12.47 million to settle a proposed class action lawsuit alleging violations of California’s wage and ho...
After more than a year, the IRS has made changes to Form 1099-MISC, Miscellaneous Information, and Form 1099-NEC, Nonemployee Compensation....
The Secure 2.0 Act became law just before the close of 2022, as part of the federal spending bill. Roll up your sleeves – the list of ...
Employee misclassification can create liability that follows the business. Case in point: New Jersey has reached a settlement with STG L...
Hospitality employers in California take note: Several cities in The Golden State have minimum wage increases for hotel employees soon taki...
The metropolitan areas where employers and employees want to settle are in flux this decade. COVID-19 accelerated the flexible on-site ...
