ARLINGTON, Va., Oct. 16, 2014 /PRNewswire-USNewswire/ -- Bloomberg BNA today released its HR Department Benchmarks and Analysis 2014-2015 report, the most in-depth source for research and analysis on HR department responsibilities, staffing, expenditures and budgets, influence, priorities and strategic planning. This report is a vital source for human resources executives at organizations of all types and sizes, providing benchmarking data and insights required to plan for the future and manage the function more effectively and strategically.
For a free copy of the executive summary and to learn more about this report, visit here.
Key findings of this year's survey include:
- The median ratio of human resources staff to total employee headcount held at 1.3 full-time equivalent HR employees for every 100 workers served by the human resource department, the highest HR staff ratio in the survey's 30-year history. The growth in staffing has been broad-based with rising staff ratios across all workforce sizes and major industry sectors.
- The median change in HR department budget growth is 3.9 percent, flat compared to recent years and well up from the 2009-2011 recession levels, but still far below 1998 to 2007 levels, where median changes were on average 5 percent or higher.
- Small company HR departments (fewer than 250 employees) spend three times as much ($2,605 per employee) on the HR function on a per capita basis than organizations with at least 2,500 workers ($860 per employee).
"With staffing levels at an all-time high, employers continue to recognize that human resources personnel play a vital role, however, HR budgets are slow to recover in the wake of recession," said Matt Sottong, Bloomberg BNA's Director of Surveys and Research Reports. "Insights like these are a hallmark of Bloomberg BNA's unparalleled in-depth research and analysis of the human resources function on topics such as staffing, recruiting and retention, job absence, turnover, and labor/management negotiations."
The report, which Bloomberg BNA has issued for over three decades, is based on a survey of over 300 senior human resource executives representing a broad cross-section of U.S. employers.
About Bloomberg BNA
Bloomberg BNA, a wholly owned subsidiary of Bloomberg, is a leading source of legal, regulatory, and business information for professionals. Its network of more than 2,500 reporters, correspondents, and leading practitioners delivers expert analysis, news, practice tools, and guidance — the information that matters most to professionals. Bloomberg BNA's authoritative coverage spans a full range of legal practice areas, including tax & accounting, labor & employment, intellectual property, banking & securities, employee benefits, health care, privacy & data security, human resources, and environment, health & safety.
SOURCE Bloomberg BNA