Navigation Links
Using HR Performance Metrics to Drive Costs Down Across HR Functions
Date:4/15/2008

CHAPEL HILL, N.C., April 15 /PRNewswire/ -- With companies across all industries facing a year of belt-tightening, organizations are seeking savings from the largest part of their budget - Human Resources. The dilemma: How to trim costs across the myriad HR functions and yet retain high service quality for the company's most valuable asset: its work force.

To help executives and managers in pharma and other sectors evaluate their key HR functions, benchmarking leader Best Practices, LLC has published a comprehensive report that delivers more than 300 metrics across six key functions: Staffing, Benefits, Relocation, LOA/FMLA, Workers Compensation and Medical Services.

To review a complimentary excerpt and sample metrics of "HR Resourcing Excellence Series," go to http://www3.best-in-class.com/rr927.htm .

Some of the findings of the 350-page 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: Benchmarked companies spend an average of $126 for

medical services administration per employee supported.

Data was collected from surveys and interviews with HR professionals at 78 companies including: Abbott Labs, ALCOA, American Express, AT&T, Bank of America, Boeing, Bristol-Myers Squibb, Caterpillar, Cisco Systems, Convergys, 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 report, go to http://www3.best-in-class.com/rr927.htm .

The wealth of metrics across key HR function areas provides HR executives with a detailed evaluation of service offerings, organizational structures, staffing levels, functional costs, activities outsourced/shared and effectiveness measures.

For questions or additional information on this report and other Best Practices, LLC products and services, please call Cameron Tew at 919-767-9246 or email ctew@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©2008 PR Newswire.
All rights reserved

Related medicine news :

1. Blocking the effect of inflammation-causing cells lowered prostate cancer cells invasion
2. Two Million People Using Kaiser Permanentes Personal Health Record
3. SurgiQuest Announces First Procedure Using AirSeal(TM) Access System
4. SNAPforSeniors Now Helps BenefitsCheckUp Users Locate Housing Options
5. Stroke Patients Re-Learn to Walk Correctly Again Using Special Treadmill
6. Significant reductions in mortality shown using blood pressure-lowering treatment in very elderly
7. Stanford University School of Medicine to Address Improving Network Security and Management at EDUCAUSE Western Regional Conference 2008 Using Lancopes StealthWatch System for Network Behavior Analysis
8. MTM Study Reports Improved Quality and Economic Outcomes Using Medication Management Systems Assurance Pharmaceutical Care System(TM)
9. Springer to publish new journal focusing on ethical issues in neuroscience
10. Fallout From Atomic Bombs Still Causing Health Problems
11. Housing Opportunity Fund Could Hold Promise for Affordable Assisted Living
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:8/19/2017)... Texas (PRWEB) , ... August 19, 2017 , ... ... with contemporary illustrations of breastfeeding mothers. These illustrations show the diversity ... available in prints in a wide range of sizes. These illustrations are also ...
(Date:8/19/2017)... ... ... “Congratulations! It's A Boy! God’s Gift: A Story of Love”: a children’s book ... A Boy! God’s Gift: A Story of Love” is the creation of published authors, ... by Christian Faith Publishing, Dale Anthony and Rachael Anthony’s new book is a perfect ...
(Date:8/18/2017)... ... August 18, 2017 , ... ... (“Quick”), a highly specialized asset-light logistics provider of complex transport solutions for ... agreement to purchase Unitrans International Corporation, a division of Roadrunner Transportation Systems, ...
(Date:8/18/2017)... ... August 18, 2017 , ... As an industry leader, ... webinar, they will present the line of epMotion automated liquid handling system. This ... can automate everyday pipetting tasks. , Ideal for scientists and lab technicians with ...
(Date:8/18/2017)... TX (PRWEB) , ... August 18, 2017 , ... ... assistance and financial planning services to communities in east Texas, is launching a ... Brain Tumor Foundation. , Founded in 1991, the Pediatric Brain Tumor Foundation (PBTF) ...
Breaking Medicine News(10 mins):
(Date:8/15/2017)... 2017  Axium Pharmaceuticals Inc., the creator of the drug Truveta ... beginning stages of an IPO. The United States ... average cost of a prescription epilepsy drug being $450.00-$1200.00 for a one ... AXIUM PHARMACEUTICALS, INC ... Another staggering figure is the fact that Americans spent $42 billion ...
(Date:8/14/2017)... and PETACH TIKVAH, Israel ... (NASDAQ: BCLI), a leading developer of adult stem cell ... second quarter ending June 30, 2017. ... of preparing for our pivotal Phase 3 trial to ... Lebovits , President and Chief Executive Officer of BrainStorm. ...
(Date:8/8/2017)... 2017  BioLineRx Ltd. (NASDAQ/TASE: BLRX), a clinical-stage biopharmaceutical ... financial results for the second quarter ended June 30, ... quarter 2017 and to date: ... for the Company,s lead project, BL-8040: ... BL-8040 as novel stem cell mobilization treatment for autologous ...
Breaking Medicine Technology: