Financial Insights into Human Capital: Assessing Employee Contribution from Hr-Finance Perspective

Author(s)

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Volume 13 - November 2024 (11)

Abstract

"This study explores the intersection of human resources and finance by developing a framework to quantify the financial impact of employee contributions, enabling organizations to make data-driven decisions about talent management and optimization."

In today's data-driven business landscape, understanding the financial impact of human capital is vital for driving growth and sustainability. This study investigates the collaborative potential of Finance and Human Resources functions in assessing employee contribution, a critical aspect of human capital management. By combining HR's talent management expertise with Finance's data analysis capabilities, organizations can gain valuable insights into employee productivity, engagement, and turnover. Our research reveals that Finance-HR collaboration enhances employee performance management, talent retention, and ultimately, business outcomes.

We propose a framework for HR-Finance partnership, emphasizing data sharing, joint goal-setting and integrated performance metrics. Case studies and survey results demonstrate the effectiveness of this approach across diverse organizational settings. The findings of this study have important implications for business leaders, HR professionals, and finance experts, providing a roadmap for leveraging Finance -HR collaboration to drive business success.

Our research highlights the benefits of Finance-HR collaboration, including improved employee engagement, increased productivity, and better talent retention. We also identify key challenges and barriers to effective collaboration, providing guidance for organizations seeking to implement this approach. By adopting our framework, organizations can unlock the full potential of their human capital, driving growth, innovation, and sustainability.

Keywords

Human capital management, Finance-HR collaboration, employee contribution, talent management, data-driven insights, performance management, business outcomes.

References

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Cite this Article:

Suvendu Narayan Roy , Financial Insights into Human Capital: Assessing Employee Contribution from Hr-Finance Perspective, International Journal of Management Sciences and Business Research 11(2024):09-23 DOI: