Author and HBR contributor Peter Cappelli asserts that accounting and financial reporting are wreaking havoc on damaging HR decisions by corporate leaders.

In this conversation, Peter reveals that 90% of all company vacancies were filled internally prior to 1980. Today, that number is just over 20%. He adds that there were very few layoffs more than 40 years ago. Today, layoffs make headlines weekly.

Peter believes these results are being driven by accounting and financial reporting. In this episode, we'll also hear about financial reporting's impact on defined contribution plans, training and development, R&D, and layoffs.

Peter Cappelli's newest book is Our Least Important Asset (July 2023).