New Internal Auditing Around the World Book Provides Insight Into What It Means — and What It Takes — to Be a Relevant Function
What are the hallmarks of a “relevant” internal audit function? And how can chief audit executives (CAEs) know that the business views their team as both insightful and value-adding? The profiles of leading internal audit organizations featured in Protiviti’s latest edition of Internal Auditing Around the World® help to answer these questions. They also underscore just […]
Adoption of European Sustainability Reporting Standards Starts the Clock for Preparation
The big picture: On 31 July 2023, the European Commission adopted the European Sustainability Reporting Standards (ESRS), which support the Corporate Sustainability Reporting Directive (CSRD) with specific reporting guidelines for covered companies. A key point: The ESRS are mandatory. They align with existing voluntary sustainability reporting frameworks from the International Sustainability Standards Board (ISSB) and […]
Unleash the Power of Sustainable Sourcing in Supply Chains
Sustainability often starts in the supply chain. Without an effective sustainability program within the sourcing and procurement and supply chain functions, the rest of the environmental, social and corporate governance (ESG) footprint can quickly disintegrate. Why it matters: To maintain competitiveness, organizations must build a diversified and resilient supply base that embeds sustainability into business […]
Generation Z: How to Attract, Retain and Engage the Fastest-Growing Workforce Generation
The big picture: As organizations confront growing labor shortages, the retirement of baby boomers and the demand for new skills, attracting and retaining Generation Z will be critical for success. By the numbers: A recent LinkedIn survey found that close to 72% of Gen Z workers are considering a career change in the next 12 […]
Four Strategies to Digitize Sales in Manufacturing
Two key questions: The evolution of back-office operations has been extensive and well-established. However, the evolution of front-office functions like sales and marketing has yet to shift dramatically in manufacturing organizations. Where is the science? Why do revenue-generating functions lag so far behind their more data- and analytics-driven counterparts in the back office? Why it […]
From HR to Strategic Talent Advisers: Redesigning Workforce Planning for Success
What’s New: An organization’s ability to perform, adapt and thrive requires new talent strategies. CHROs and their teams should deploy HR variants of the data-driven, forward-looking FP&A approaches that finance groups employ. A key point: This may require fundamental redesigns of job roles and organizational structure. Yes, but: Organizations cannot solve today’s talent shortage problems […]
