The Chartered Institute of Management Accountants (CIMA) and the Chartered Institute of Personnel and Development (CIPD) have announced a new collaboration, to bring the finance and HR professions closer together.

The aim of the collaboration is to make a strong statement about the importance of HR and Finance working together, and to help improve business performance, focusing on how people drive business success.

By working together much more closely, the two bodies are seeking to send a strong message to the professions they represent about the importance of HR and finance working together.

The relevant training of each will be available to members of both organisations.

Charles Tilley, Chief Executive of CIMA, said: ‘When talking about property value, the adage often used is “location, location, location”. When thinking about the driver of any business, we should be saying it is “people, people, people”.’

‘CIMA has long advocated that more emphasis should be placed on measuring the value of non-financial assets. We are delighted to be joining forces with CIPD to address what we both see as a critical issue for business. By working together, we hope to show that accurate and relevant reporting on an organisation’s people, as well as on its financials, provides real insight into the true health of the business, on which sound investment decisions can be made.’

 

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