[ 2016-11-14 ]

CDH boss pushes for law to include HR report to financial statements
Group Chief Executive Officer of CDH Financial
Holdings, Mr. Emmanuel Adu-Sarkodie, has charged
HR practitioners to push for a law that will make
mandatory for HR Report to be included in
financial statements for organizations and
businesses.

Mr. Adu-Sarkodie made this call when he delivered
a keynote address as the Guest Speaker at the 2016
Annual General Meeting of the Institute of Human
Resources Management Practitioners (IHRMP). The
event was held at the Ghana Kofi Annan
International Peacekeeping Training Centre,
Teshie, Accra on Friday, 11th November 2016.

“Why are companies required by law to report on
aspects of their businesses, such as the financial
and operational activities but we completely
ignore to report on the Human Resources within the
organization that is essential to the delivery of
all these other measures? Is it not time for
companies to report annually on their human
resources through the use of external HR
consultants (similar to external auditors) who
will prepare an annual assessment of the employees
of the company and its corporate governance
structures on issues such as quality, turnover,
and investment?” he quizzed.


He spoke on the theme, ‘Data Analytics: The New
Frontier for HR in Ghana’.

He explained that the harnessing of Big Data for
businesses does not only make a considerable
contribution to performance but can also play a
role in improving quality and efficiency in the
delivery of customer services.

“Traditional recruitment in most organizations
has operated around the job specification; that is
a list of academic records, works and professional
experiences and capabilities that the organization
requires to fill a gap in the specific job role.
Today’s leading companies are, however,
developing various behavioral analytics techniques
to support a more data-driven recruitment culture.
Such organizations recruit their people based on
analysis of multiple dimensions of talent data and
organizational data to see the impact that
recruitment changes can have on the rest of the
company.

The President of the IHRMP, Mr. John Wilson, who
presented a report of his 3 years stewardship to
his members said: “We continued with the Growth
Plan under the 4 thematic areas (Expansion,
Visibility, Capability, and Culture).

Mr. Wilson told his members that the Ghana HR Star
Awards was launched on September 6, 2016, at the
HR Centre. It was announced that the awards will
come in 14 categories and will cover both the
private and public sector, adding up to 28
awardees. Also the Awards ceremony is scheduled to
take place tentatively on 25th March, 2017”.

On financial performance, the President of IHRMP
reported that Total income increased from
GH¢795,332 in 2014 to GH¢ 929,943.09 in 2015. A
net increase of GH¢134,611.09(17 %). The total
expenditure of the Institute for the same period,
also increased by GH¢114,557.99(16 %) to GH¢
822,955.35 in 2015 as compared to GH¢ 708,397.36
in 2014. The institute recorded a net surplus of
GH¢106,987.74 in 2015 as compared to 2014 net
surplus of GH¢ 86,935.14. This represents an
increment of 23% in net surplus.

In his welcome address, the Executive Director of
the Institute, Mr. Ebenezer Agbettor pointed out
the three main purpose of the AGM: Firstly to
take inventory of all the happenings of the past
year; To listen to a seasoned Banking personality
on a topical issue and finally to strengthen
networking and lunch together as one big family.

Source - Joyfm

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