In Indian companies, traditionally, Finance functionaries always have taken a “big brotherly” attitude and whenever there is a gap-be it in the affairs relating to Materials department or Maintenance or HR/Personnel, Finance personnel have been more than happy to fill it. Modern entrepreneurs should not be content with this proposition only. Rather, they are in need of exploring different domains which can be utilized for taking the cross-functional collaboration at optimal level so that net income and profitability are substantially increased and expenditures are minimized. Such intervention would have been rendered a more pragmatic proposition. In this book, this particular feasible aspect has been underscored.
This way, the book has taken a retrospective stance as well. Authors have however not gone overboard with their endeavours to disseminate positive energy; the need for balance or the fine line is never forgotten. For one, the reactive and proactive demeanour of the entrepreneurs has been duly appreciated.
In the post pandemic era defined by the occurrence of paradigm shift in the areas of learning and work culture, cross-functional collaboration is celebrated in view of its utilities for meeting entrepreneurial objectives. The book entitled “Emerging Cross Functional Impact of HR and Finance-Entrepreneur’ Role” is in perfect sync with this argument. It opens up a new and unique realm of knowledge in which HR-Finance collaboration is underscored and viewed as what leads to creating a “Win-Win” situation for modern entrepreneurs who will be pursuing restructuring or resorting to applying turnaround strategies or conducting business activities under the era of digitalization and innovation with a pool of engaged working professionals.
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The positive tone in the delivery of the authors can be felt throughout the book. A chapter devoted to payroll management seeks to address misunderstandings linked to the area over the years with the step motherly “outsourcing” of the function at the drop of a hat and how workforce morale, instead could be boosted. Authors have aptly dwelt upon the role of the parent organization in overseeing the development and standardization of the payroll processes in the very first place. This way, the book has taken a retrospective stance as well. Authors have however not gone overboard with their endeavours to disseminate positive energy; the need for balance or the fine line is never forgotten. For one, the reactive and proactive demeanour of the entrepreneurs has been duly appreciated. A fresh new look at the concept of “Human Capital” has been attempted without undermining the role of the finance function. Authors have remained loyal to the core function despite growing passion for the human element of resources;
Flipping through the pages, serious students, thinkers, educators and researchers of Management, particularly those in the cross-functional domain would be intellectually challenged it is assured. For Finance functionaries, this can be a stepping stone towards an objective reflection on their traditional role vis-à-vis HR and how all of this could be reworked and re-envisioned under more supportive environment variables. For modern entrepreneurs and management consultants, this could be an eye-opener aiding the process of churning out ways and means to address pressing issues.
Authors : Suvendu Narayan Roy & Soham Roy
Publisher : Self page Developers Pvt. Ltd., Pushpagiri Complex, Beside SBI Housing Board, K.M. Road, Chikkamagaluru, Karnataka
Email : iph@insc.in
Price : Rs. 450/-
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