Will health reform bring Finance and HR closer together?
If your Finance department is planning to spend a lot more time with the folks over in HR in the future, you’re not alone.
At least that’s what a recent Towers Watson/Forbes Insights study revealed.
According to the study, the effects of the healthcare reform law are likely to result in a more collaborative relationship between the two departments.
Currently, 81% of HR execs and 55% of finance execs believe their firm’s benefits/rewards strategy is led mainly by HR.
But moving forward, 38% of finance execs believe that their department will work more closely with HR when its comes to a benefits/rewards strategy.
Just 24% of HR execs see a more collaborative relationship with Finance in terms of benefits strategy, however.
No surprise here: The most important factor for both groups in making decisions about health reform was cost – with 82% of HR execs and 69% of finance higher-ups emphasizing price in this area.
To view the complete study, Joining Forces: Forging an HR/Finance Partnership to Shape Reward for the Futures, click.
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