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
When IRS reduced the electronic filing threshold, the change impacted a long list of information returns. Now, the list of forms to e-file ...
IRS has announced some inflation-adjusted dollar amounts you’ll need if your benefits package includes tax-favored health plans. F...
Ever since the Secure 2.0 Act laid out changes for workplace retirement plans, employers have been waiting for final regs from the IRS. ...
IRS recently made changes to Form 941. For one thing, a Spanish version of the federal tax form is now available starting with the first qu...
A missed federal payroll tax deposit can trigger hefty penalties — they just went up on July 1. But a new IRS program could provid...
In Texas, a routine data upload in mid-March altered how hundreds of employees for the city of Austin were classified for overtime. That er...
