The productivity triad: HR, Finance, and Operations
Business productivity in the UK is flatlining. With the nature of work shifting and a shortage of talent, organizations can no longer afford to think of people planning as the headcount line item in their yearly budget. In this video, we bring together leaders from a range of industries to discuss how a simple profit-per-worker strategy could add £10.4 billion to the UK’s GDP.
Rupert Morrison, OrgVue: Today, we have a group of practitioners from industry, from industry bodies, from think tanks, all trying to uncover how to get a 2-fold increase in productivity from organizational planning.
Pablo Shah, CEBR: Do you think you collaborate enough? There’s a quite a broad consensus that there’s isn’t enough collaboration and I think that’s echoed across the table.
Andres Garcia, RSA: I need to get even better at understanding the strategy, because that’s the link for both functions [HR and Finance].
Rupert Morrison, OrgVue: What was interesting is how the journalists picked up on the storytelling side of the discussion, and how the practitioners picked up on, “it’s a journey”.
Laurie Mascott, OrgVue: Along that journey, you have to keep adding value all the way through.
Tim Henshaw, Accenture: You therefore need to create and set the environment, so that becomes the norm rather than a nice-to-have that we serve up once a month.
Rupert Morrison, OrgVue: My main takeaway from today is Tesco saying, “this is not every month or every quarter, we’re always on, we always show it, it’s just live. So, it’s about action, it’s about progress. It’s also about wisdom; how am I learning and seeing patterns, so I don’t make the same mistakes.
Campbell Macpherson, business advisor: How do you actually go about a. getting the data and b. making it systemic
Ashley Norris, journalist: Again, your data really is only as good as how it’s communicated.
Rupert Morrison, OrgVue: And by unlocking that and building that function with a dataset, you can get to a 2-fold increase in productivity.