March 2008
Human Capital Management
The contents of this issue are listed below and a selection of articles are available for you to download in full.
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| CIMA, Charles Tilley, Chief Executive |
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| Key figures and findings, plus the latest sound bites |
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Build with the best
The UK has undoubtedly benefited from welcoming overseas business talent. However, BT’s CFO Hanif Lalani feels that UK-based international companies wishing to build their businesses with the strongest talent are not being well-served by headhunters, as he explains to Nigel Ash.
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Hanif Lalani
Group Finance Director
BT |
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The talent trap
Capturing sound talent within the finance function is not easy and finance professionals are going to considerable lengths to get the process right but, as
Jill Robinson, Head of Finance Business Management at Barclays points out, because of cultural differences between firms, that process will not always be the same.
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Jill Robinson
Head of Finance Business Management
Barclays Bank |
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Keep it in-house
Andrew Houston, Co-Founder and Managing Director of Amba Research, explains that, in every industry sector, from manufacturing to professional services, there are lessons to be learned from companies with a high rate of staff retention.
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Andrew Houston
Co-Founder and Managing Director
Amba Research |
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Power to the worker
The cost of employing people in a business is well-known to senior managers, but,
according to Shaun Tyson and Emma Parry of Cranfield School of Management,
there is less certainty in measuring the value of people to the business. |
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Emma Parry and Shaun Tyson
Human Resource Research Centre
Cranfield School of Management |
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Package deal
An easy punch bag for the popular press, CEO pay at FTSE 100 companies – so-called fat-cat salaries – has doubled in five years to an average of
£3.2 million, but a CIMA Report Leadership project discovers that there is a low degree of transparency and detail with which companies report
executive remuneration to shareholders. |
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Nick Topazio
a member of CIMA's Report Leadership project |
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Unwrap potential
Do you know the power of your back office? Is it fit for purpose? How would you possibly know? According to Lancaster University Management School’s Anthony Hesketh, the overwhelming
majority of senior finance and HR executives simply do not have an answer to any of these questions.
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Dr Anthony Hesketh
Senior Lecturer
Lancaster University Management School |
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It’s good to share
With more companies showing a greater appetite for some form of human capital outsourcing in their finance functions, Zurich Financial Services’ John Holland explains to Jim Banks the benefits
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John Holland
Global Head of Finance Shared Services
Zurich Financial Services |
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Recruit from within
The finance function is in a state of flux. As customer centric business models pervade and departmental silos disappear, so a new blend of skills is required, skills not always found in the recruitment market. Often, explains T Mobile UK’s Financial Director Lars Nordmark, it is best to grow those talents in your own back yard.
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Lars Nordmark
Financial Director
T-Mobile UK |
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Next in line
Dave Mack and Terry Archer of car giant Ford, CIMA’s 2007 Employer of the Year, talk to
Barry Mansfield about finding the right people in the right place, at the right time. |
Dave Mack
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Terry Archer
Ford |
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Hedge your bets
This January a National Association of Pension Funds survey found that while 31% were still open, 15% of final salary pension schemes in 369 companies surveyed will close to new joiners by 2012, and 6% will close even to existing staff. Pensions are in play and according to Douglas Flint, CFO of HSBC, the stakes are getting higher. |
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Douglas Flint
Group Finance Director
HSBC Holdings plc |
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Spot the difference
Business intelligence and performance management have evolved and the interest in corporate performance management systems is attracting more companies. However, Gartner’s Nigel Rayner tells Jim Banks that firms must avoid a lack of clarity and fully understand where one discipline ends and another begins.
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Nigel Rayner
Research VP
Gartner |
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The big switch
The property industry is not known for banging the drum on green issues but, as Liberty International’s Director of Corporate Responsibility Alexander Nicoll explains, some more enlightened companies are uncovering the benefits of activating the environmental agenda.
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Alexander Nicoll
Director of Corporate Social Responsibility
Liberty International |
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Take the plunge
While most major media corporations are some way from achieving carbon neutrality, one
company has taken the leap and quietly established an environmental record that stands out among its peers. BSkyB CEO Jeremy Darroch tells us to come on in, the water’s fine.
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Jeremy Darroch
Chief Executive Officer
BSkyB |
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The future of finance
The tipping balance of the global economy and the search for new sources of liquidity are driving the growth of Islamic finance. With the size and number of transactions in Muslim countries growing, and global deals done every day, International Institute of Islamic Finance’s CEO Dr Mohd Daud Bakar tells Jim Banks that it is only a matter of time before it becomes a prominent, global financial system.
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Dr Mohd Daud Bakar
CEO
International Institute of Islamic Finance |
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Opportunity knocks
Risk management is now firmly front and centre in the finance function, but has it gained a bad reputation? John Shaw, Oxfam’s Finance Director, argues for a name change – opportunity management, as he explains to Nigel Ash.
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John Shaw
Finance Director
Oxfam |
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All editorial contributors are subject to change
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Welcome to Issue 5 
