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-
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:
SOURCE Best Practices, LLC