HR and Finance traditionally appear to come from different worlds. For example, HR is often described as process driven and involved with “softer” capabilities such as engagement and culture. In particular, HR deliverables are not always easy to translate into financial terms whereas, for example, one can calculate ROI on a marketing campaign or product sale. In contrast, finance operates purely in the language of financial return and “dollar” values.
Businesses have tried for many years to link finance and HR with varying degrees of success.
One model which has proved effective in many organizations is the Human Capital Value Profiler (HCVP) which creates links between HR (people or human capital) activities and financial outcomes.
All support functions in organizations are under pressure to demonstrate tangible value and in this session, Dave Millner and Max Blumberg will outline the context for change and show how the Value Profiler model can be used by companies to:
- Rank their HR activities by value delivered
- Determine which HR projects need attention and in what time scale
- Show which aspects of the HR activity have the greatest impact on productivity and customer growth.
Dave has a business background followed by 30 years of internal and external consulting experience in NatWest, PSL, Kenexa and IBM as an occupational psychologist. Dave worked directly with different global and multi-national based organizations offering organisational effectiveness-based solutions focusing on future proofing their businesses.
He is a regular presenter at HR conferences promoting the role of technology and people analytics to demonstrate tangible business value. His first book ‘Introduction to People Analytics’ on the changing role of HR and the increasing demand for data insights was published in April 2020.
He’s regarded as a social media guru through @HRCurator, referenced as being one of the Most Influential People on Twitter in a number of HR subject areas. He’s an Associate with CRF, Hult Ashridge Business School, the Centre for Effective Organizations at USC and an Adviser to iPsychTec.
Max Blumberg, PhD is founder of the Blumberg Partnership, a Top 50 People Analytics consultancy that delivers global analytics and sales force solutions to organisations like Nestle, Lloyds Register, the BBC, Rentokil Initial, Barclays Corporate and the CIPD.
Prior to this, Max worked as a management consultant at Accenture after which he founded and successfully exited a technology start-up.
In addition to his commercial work, Max is also a Visiting Professor at Leeds University Business School and a Visiting Researcher at Goldsmiths, University of London. He is a regular contributor to the media and global conference circuit.