Navigation Links
HR Under the Microscope: Metrics to Drive Costs Down Across HR Functions
Date:10/9/2007

CHAPEL HILL, N.C., Oct. 9 /PRNewswire/ -- Human Resources oversees an organization's biggest expense and most valuable asset: its staff. With HR involved in some of a company's biggest cost drivers, efficiencies in one area such as relocations or medical services can translate into significant savings.

To help executives and managers evaluate their HR function, Best Practices, LLC has published a comprehensive report containing more than 300 metrics across six key HR functions: Staffing, Benefits, Relocation, LOA, FMLA, Workers' Compensation and Medical Services. To download a complimentary summary of "HR Resourcing Excellence Series," go to http://www3.best-in- class.com/rr863.htm.

Some of the findings in the report include:

-- Staffing Costs: The cost per hire ranged from more than $30,000 in the

smallest company segment to $1,058 for the largest segment. The largest

companies are able to demonstrate economies of scale with lower costs

per hire.

-- Domestic Relocation: The average temporary assignment costs $3,798.

Employee relocations and new hire relocations, however, cost about 60

percent less, ranging between $1,535 and $1,622.

-- Medical Services: Total internal and external staff costs for all

benchmarked medical services programs range from $59 to $274 per

employee supported.

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.

To view more metrics from this 350-page report, go to http://www3.best-in- class.com/rr863.htm. The rich seeding of metrics throughout this report provides HR executives with a close evaluation of service offerings, organizational structures, staffing levels, functional costs, activities outsourced/shared and effectiveness measures.

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. Antioxidants protect health tissue in people undergoing radiation therapy.
2. How do babies understand language?
3. Doctor samples come under the ambit of advertisement
4. Chinese Girl To Undergo Face Transplant Surgery
5. Undertaking the obesity epidemic
6. Latest device for cardiac revival under test
7. Heart disease in women being under-treated
8. Safety of soy under suspicion
9. Breast Cancer in Men Often Underestimated and Under-treated
10. Drug to Lower Cholesterol Underused
11. Understanding The Predictors Of Prostate Cancer
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:9/21/2017)... ... September 21, 2017 , ... ... communities, nine governmental public health departments have been awarded five-year accreditation status through ... that the benefits of being served by a PHAB-accredited health department now ...
(Date:9/21/2017)... (PRWEB) , ... September 21, 2017 , ... ... using Microscan’s LVS 7510 at the Global GS1 Healthcare Conference 2017 in Chicago, ... the life-sciences industry for ensuring label quality and improving patient safety. , ...
(Date:9/21/2017)... ... 2017 , ... Japanese Zen artist couple, Fumie and Kentaro Mune, have announced ... October at Miranda Kuo Gallery on Lower East Side, NYC. This exhibition will feature ... Wanderlust , one of the largest US yoga online media outlets in the ...
(Date:9/21/2017)... ... September 21, 2017 , ... Sagora Senior Living, one ... at Kingwood Assisted Living and Memory Care located at 24025 Kingwood Place Drive, ... assisted living apartments, 43 memory care apartments and 23 extended care apartments. Modern ...
(Date:9/20/2017)... (PRWEB) , ... September 20, 2017 , ... ... center in Prescott, Arizona, is now accredited by The Joint Commission for chemical ... organization that accredits and certifies U.S. health care organizations that meet the commission’s ...
Breaking Medicine News(10 mins):
(Date:9/9/2017)... , Sept. 8, 2017 ... Mobile MRI Unit coming to Washington DC ... When: Tuesday, September 12 th – Monday, September 18 ... D.C. offering free MRI brain scans to the public.Where:  ... be parked at 501 K Street NW, Washington, D.C.What:BTF brings its nationwide ...
(Date:9/9/2017)... INDIANAPOLIS , Sept. 9, 2017  Eli Lilly ... key primary and secondary endpoint data for lasmiditan, an ... migraine, which demonstrated statistically significant improvements compared to placebo ... be highlighted today at the 18th Congress of the ... . "The data presented today demonstrate lasmiditan,s ...
(Date:9/7/2017)... , Sept. 7, 2017  For nearly two decades, New Life ... the Assisted Reproduction Insurance industry. Today, New Life Agency announces a powerful ... ... (PRNewsfoto/PharmaCareCard) ... http://pharmacarecard.com/ ...
Breaking Medicine Technology: