Utilize Newest HR Benchmarking Metrics From Fortune 500 Companies

Apr 17, 2007, 01:00 ET from Best Practices, LLC

    CHAPEL HILL, N.C., April 17 /PRNewswire/ -- HR is at the core of
 achieving organizational effectiveness. As such, human resources executives
 face a growing challenge from their business partners -- increasing
 efficiency while meeting ever-changing business needs such as improving
 talent management, finding the best resources in an ever shrinking
 candidate pool, meeting regulatory changes, dealing with ever-increasing
 benefits costs and changing business models.
     Many HR groups have championed the shared services model to meet some
 of these needs, while others have turned to outsourcing or off-shoring, and
 new technologies to handle their challenges.
     All the while, companies have turned to benchmarking as a critical tool
 to gauge their efficiencies and effectiveness. The challenges with the use
 of benchmarking are many including comparability, adequate depth and
 breath, and expense of these efforts. Still more critical is applying these
 benchmarking tools across a myriad of fundamentally different industries
 and a broad array of different functions within HR. Finding one common set
 of performance metrics across these has proven to be difficult.
     To assist HR in meeting these challenges, Best Practices, LLC has
 developed an end-to-end HR benchmarking report "HR Resourcing Excellence"
 that focuses on the core metrics needed to manage the function and are that
 can drive real business change. To download a 55-page summary of this
 report click http://www3.best-in-class.com/rr789.htm .
     The focus of this study is benchmarks that are both broad and deep at a
 small fraction of the price and effort of similar studies on the market. To
 download a 55-page summary of this report click http://www3.best-in-
 class.com/rr789.htm .
     The report examines the "core" HR processes including:
     -- Organizational Staffing - includes metrics by type of hire and by
        process such as applicant tracking, recruiting, sourcing, requisition
        management, selection, and much more!
     -- Benefits Administration - includes savings (401k), stock options,
        pension and H&W administration
     -- Domestic Mobility - including metrics by type, duration, as well as by
        process including policy and relocation/assignment management services
     -- International Mobility - including 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 - includes metrics by type and
        length of leave
     -- Workers Compensation - includes 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 - includes 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/rr789.htm .

SOURCE Best Practices, LLC