Adrian Furnham on HR understanding the financial issues of the business

The one issue that separates good HR practitioners from the rest is knowledge of financial and business issues, according to University of College London's, professor of psychology, Adrian Furnham (pictured).

Furnham said the "most successful" people in HR, are the ones who understand the people issues and the financial issues.

"These people can contribute to the whole organisation because many people on the board don't understand the people issues, but those who do and understand the board issues are the ones who succeed."

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Furnham was speaking to HR magazine at the 2013 HR Most influential Awards, where he was named number 3 Most Influential HR Thinker.