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07/29/2010

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I didn't see many facts in this post or cited research to support the claims about HR. Just a lot of opinions about HR. Sounds like a trumpted up issue to publicize some research by Schuster.

Agree with your first two points, because this is an opinion piece commenting about other opinions, including opinions I oppose as lacking factual foundation. But I had to ask Schuster for permission to even mention their otherwise secret research. With their reputations, they blow a mean horn and certainly don't require my kazoo to get attention.

Thanks for the post Jim.

While there are many HR pros who are great business people and do have a seat at the table, I tend to agree that, as a whole, the HR industry needs to do more to earn a seat at the table.

I have been doing a presentation on this recently. During the presentation I ask how many people have read their companies ENTIRE Proxy each year. I also ask how many have read any of their peers proxies. The response to both questions is usually below 10% of the room.

I ask how many understand the top 5 things that must be done in the next quarter and in the next year for their companies business to reach its goals. Again responses are below 10%.

These and many other issues are representative of busy HR professionals who are working like mad to get their job done. Unfortunately, getting your job done well is not enough to earn a seat at the table. You must understand how others get their jobs done well and you must understand the financial foundation of your company.

I hope that HR and Comp pros read you posting and take it to heart, rather than being offended. People in HR and Comp have the tools to have a seat at the table. They just need to use those tools to get the right information.

Dan: Great analogy. If your only tool is a hammer, every problem looks like a nail. No master mechanic has just one tool. We can learn from that.

Jim:
Can you give some examples of how people were miss using cost center vs. profit center? Illustrations may help others who misuse the terms.

While declining to give publicity to a site sponsoring such toxic babble, I'll just observe that the typical poster thought that the terms were subjective, determined by the attitude of the speaker. Not realizing that "profit center" means a discrete business enterprise with sales and profits measured in specific accounting entries, they made broad claims like, "of course, HR is a profit center because it is important for making money"; or, "HR helps you make money, so it must be a profit centre."

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