Navigation Links
Using HR Performance Metrics to Drive Costs Down Across HR Functions

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 .

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 .

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


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:
(Date:11/24/2015)... VA (PRWEB) , ... November 24, 2015 , ... Preparing ... 1:30 p.m. – 3:00 p.m. EST, , FDA has long asserted ... CLIA regulations apply to performing the tests and do not meet the device regulations. ...
(Date:11/24/2015)... (PRWEB) , ... November 24, 2015 , ... ... advisory organization, is pleased to welcome Winter-Dent & Company as its newest Partner ... day one to become a client's most trusted advisor regardless of whether that ...
(Date:11/24/2015)... ... November 24, 2015 , ... With Thanksgiving right around the ... safety tips to help protect your family and vehicle. , According to the National ... Thanksgiving holiday weekend. Amica is sharing the following safety tips from the NHTSA: ...
(Date:11/24/2015)... ... November 24, 2015 , ... Dr. Rodney E. Willey , has answered a new ... Center for Sleep Disorders, provides treatment for snoring and sleep apnea through oral ... Koala Center for Sleep Disorders in the US, one of four in the Illinois area. ...
(Date:11/24/2015)... ... 24, 2015 , ... Dr. Kevin Day, local family chiropractor in Warsaw ... this holiday season. During the Indiana winter months, Vitamin D deficiency can lead ... at AlignLife want to help provide the tools needed to combat it this year! ...
Breaking Medicine News(10 mins):
(Date:11/24/2015)... Avery Biomedical Devices (ABD), manufacturer of the ... appointment of Anders Jonzon , MD; Ph.D. as ... Dr. Jonzon is a Physiologist and consultant ... University, Uppsala and Children,s Hospital, Karolinska, Stockholm, ... at the Cardiovascular Institute (UCSF). His research has covered ...
(Date:11/24/2015)... BERN, Switzerland , November 24, 2015 ... Engineering Research of the University of Bern ... and Clinical Nutrition of the Bern University Hospital "Inselspital" ... collaboration to develop a novel generation artificial pancreas. Combining ... of insulin for diabetic patients with the unequalled accuracy ...
(Date:11/24/2015)... 24, 2015 Diplomat Pharmacy, Inc. (NYSE: DPLO) announced ... Clinical Services, Education and Human Resources will be presenting in ... Drugs: Health Plan Strategies for a Dynamic Market" on Dec. ... , a consultant with the Cambridge Advisory Group, where she ... The webinar will discuss the rapid growth of ...
Breaking Medicine Technology: