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:5/29/2016)... ... May 29, 2016 , ... "With 30 unique self-animating web themed intros ... style of their project," said Christina Austin - CEO of Pixel Film Studios. ... exclusively for use in Final Cut Pro X. Pixel Film Studios’ minimalistic titles allow ...
(Date:5/28/2016)... ... ... year and a half of planning the Multiple Pathways of Recovery Conference , CCAR ... Conference was held May 2 -4, 2016 at the Mystic Marriott Hotel & Spa ... the many pathways individuals use to get into and sustain their recovery. Pathways of ...
(Date:5/27/2016)... ... May 27, 2016 , ... Two director-level employees of Horizon Blue Cross Blue ... Industry (TWIN) 2016 honorees. The award recognizes businesswomen who excel in their fields ... Director of the MLTSS (Managed Long-Term Services and Supports) Program at Horizon NJ Health ...
(Date:5/27/2016)... New York, NY (PRWEB) , ... May 27, 2016 , ... ... the factors of a stroke, which we as a society can control and change. ... a stroke occurs nearly every 40 seconds within the United States. Plus, with an ...
(Date:5/27/2016)... ... May 27, 2016 , ... Aimed at nurses and ... interest stories, courtesy of leaders in the nursing and health care industry. It ... leading advocates and associations—namely Jones & Bartlett Learning. , Jones & Bartlett Learning ...
Breaking Medicine News(10 mins):
(Date:5/27/2016)... The healthcare sector is large ... all falling under its umbrella.  A rather overlooked sector ... talked about, these healthcare companies are still trying to ... is by far the largest consumer of the healthcare ... ADMD), Nutranomics Inc. (OTC: NNRX), KollagenX Corp. (OTCQB: KGNX), ...
(Date:5/26/2016)... 2016   Change Healthcare , a ... solutions and technology-enabled services designed to enable ... a strategic channel partnership with SourceMed, the ... and revenue cycle management services that empower ... clinics to optimize revenue, operational efficiency and ...
(Date:5/25/2016)... Deutschland und GERMANTOWN, Maryland , ... Zusammenarbeit mit Therawis bedient dringenden ...   QIAGEN N.V. (NASDAQ: ... bekannt, eine Lizenz- und Entwicklungsvereinbarung mit Therawis Diagnostics ... die Onkologie eingegangen zu sein. Ein erstes Projekt ...
Breaking Medicine Technology: