Write a cohesive and scholarly response based on course reading and research that addresses the following:

• Do you think it is necessary for HR professionals to have financial competency? Explain why or why not.
• Discuss the benefits and limitations of conducting a cost-benefit analysis for an HR initiative in general.
• Determine how a cost-benefit analysis and HR Scorecard might complement each other in strategic planning.
• Explain the organizational costs and benefits that are most critical for HR professionals to be familiar with, and why.
• Be specific, and provide examples with references to the literature.

Book: Becker, B., Huselid, M., & Ulrich, D. (2001). The HR scorecard: Linking people, strategy, and performance. Boston, MA: Harvard Business School Press

 
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