Navigation Links
End-to-End HR Performance Benchmarks: Metrics That Will Help Turn the HR Cost Center into a Productivity Driver
Date:9/7/2007

CHAPEL HILL, N.C., Sept. 7 /PRNewswire/ -- Human Resources continues to be a big cost center, one of the functions business leaders look at first for cost reductions and productivity improvements.

So how can HR groups operate more effectively and efficiently?

A comprehensive HR metrics study by benchmarking leader Best Practices, LLC has the answers. The study provides one common set of performance metrics for your key HR functions: Staffing, Benefits, Relocation, LOA, FMLA, Workers' Compensation and Medical Services.

For example, where do companies spend most of their HR cost? According to the study, the vast majority of costs were spent on internal labor -- ranging from 55% to 82%. Outsourcing costs are the second highest at between 13 and 31% of all staffing costs. Interestingly, the largest companies in the benchmark had the most substantial investment in systems, at 32% of the total cost.

For more metrics download the 55-page report summary at: http://www3.best-in-class.com/rr852.htm

The new "HR Resourcing Excellence Series" focuses on service offerings, organizational structures, staffing levels, functional costs, activities outsourced or shared, cycle times, and effectiveness measures (e.g., end-user satisfaction) for key HR functions.

Data was collected from surveys and interviews with HR professionals at companies including: Abbott Labs, ALCOA, American Express, AT&T, Bank of America, Boeing, Bristol-Myers Squibb, Caterpillar, Cisco Systems, Convergys, DaimlerChrysler, Dell, Dow Chemical, DuPont, Fujifilm, General Electric, General Motors, Intel, Kraft Foods, Microsoft, Motorola, Pfizer, Texas Instruments, Toyota and more.

The report examines the "core" HR processes including:

-- Organizational Staffing -- metrics by type of hire and by process such

as applicant tracking, recruiting, sourcing, requisition management,

selection, and much more!

-- Benefits Administration -- savings (401k), stock options, pension and

H&W administration

-- Domestic Mobility -- metrics by type, duration, as well as by process

including policy and relocation/assignment management services

-- International Mobility -- metrics by type, duration, and by process

including policy management, relocation accounting, planning/consulting

services, home and host location services, tax management, payroll and

accounting services

-- Leave of Absence Administration/FMLA -- metrics by type and length of

leave

-- Workers Compensation -- metrics for self-insured, high deductible

programs, fully-insured and retro programs as well as TPA,

self-administered, hybrid and carrier organizations.

-- On-site medical administration -- metrics for onsite clinical services,

occupational health, employee wellness programs, drug testing, employee

assistance programs, medical screening, onsite AEDs, and QA for

clinical services

View more detailed information on HR Resourcing Excellence at: http://www3.best-in-class.com/rr852.htm or contact our Solution Specialists at (919) 403-0251 or bestpractices@best-in-class.com.

For an assessment of your organization's HR administration, staffing and resource utilization contact Mark Schoeman, Manager of Research Operations at Best Practices, LLC at (919) 767-9258 or mschoeman@best-in-class.com.

ABOUT BEST PRACTICES, LLC

Best Practices, LLC, conducts work based on the simple yet profound principle that organizations can chart a course to superior economic performance by studying the best business practices, operating tactics and winning strategies of world-class companies.


'/>"/>
SOURCE Best Practices, LLC
Copyright©2007 PR Newswire.
All rights reserved

Related medicine news :

1. Good sleep enhances task performance
2. Journal Recommends How To Improve The Performance Of Health Workers
3. New Drug Found To Improve Driving Performance In Young Adults With ADHD
4. Dealing With Stress Results In Better Academic Performance
5. Newer Generation Sleeping Pills Lack Superior Performance
6. Drug Combo Improves Performance Of Multiple Sclerosis Drug
7. Motivation Yardstick: Rewards or Punishment? Discover the Superior Performance Trigger
8. COPD Patients portray improved exercise performance after breathing a Special Gas
9. Students to Evaluate the Performance of Teachers
10. Physical Activity Determines Academic Performance
11. Common Sleep Disorder Hinders School Performance
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:2/10/2016)... Calif. (PRWEB) , ... February 10, 2016 , ... ... Water Brand. There were three leading bottled water brand owners that topped the list ... that enhance connectivity and optimize conversion. The premier brand was Tibet 5100, a top ...
(Date:2/10/2016)... ... ... Dr. Jessica Barron, of Barron Family Dental in Thornton, Colorado , ... in the North Metro Denver area. The new dental practice focuses on comfort where ... in the most relaxing environment. , While some dental visits can create anxiety for ...
(Date:2/10/2016)... ... February 10, 2016 , ... Intalere’s ... together more than 200 of the country’s top healthcare executives to share insights ... true benefit of the Forum is the provider-centric perspective, experience, expertise and strategy ...
(Date:2/10/2016)... ... February 10, 2016 , ... Gout is like no other joint ... is often severe, with intense swelling and redness. It is triggered by the crystallization ... older adults are the most susceptible, according to the February 2016 issue of Harvard ...
(Date:2/10/2016)... (PRWEB) , ... February 10, 2016 , ... Armune ... Apifiny® across their network of laboratory service centers across the country. Launched in ... aid clinicians in the detection of prostate cancer. Apifiny order volume exceeded 3,000 tests ...
Breaking Medicine News(10 mins):
(Date:2/10/2016)... DIEGO , Feb. 10, 2016 ALSP, Inc. ... , MD as Consultant for Medical Affairs in preparation for ... Michael Pierschbacher , PhD, CEO, stated, "We are pleased ... We look forward to working with an individual of such ... We look forward to drawing deeply on his broad experience ...
(Date:2/10/2016)... , Feb. 10, 2016 Intouch Solutions, a ... identified an industry-wide trend regarding the evolution of ... organizations to efficiently deliver compelling sales presentations via ... and another in 2015, Intouch uncovered that while ... devices and DSAs, many are not using them ...
(Date:2/10/2016)... HALLANDALE, Fla. , Feb. 9, 2016  Until ... sagging were surgery or liposuction. Thankfully, the FDA approved ... freezing them to death. Coolsculpting was originally approved in ... to the thighs and now the chin. With this ... Wellness Center can use a smaller applicator, the CoolMini, ...
Breaking Medicine Technology: