Presentation is loading. Please wait.
Published byBrittney Patrick Modified over 7 years ago
Industry -Specific HR Sub Function Benchmarking and Cost Reduction via Application of Industry Leading Practices HR Specialty Products & Services Catalogue Executive Summary A No Frills Distillation of Vendor’s Marketing Collateral Thomas A Ference President & CEO Human Resources Mining & Distribution Co Locating, Validating and Accelerating HR Innovation Office: 219-662-0201 Cell: 630-240-2583 Fax: 219-661-0236 e-mail: firstname.lastname@example.org@hrmdco.com Website: www.hrmdco.comwww.hrmdco.com
HR Benchmarking and Leading Practices Application HR metrics while telling in and of themselves must be backed by industry-specific leading practices in order to generate immediate value from improved business performance This HR consultancy develops HR benchmarking in an objective way so as to measure and validate how an organization is performing relative to it’s peers in the same industry, in the same - or different - geographic markets and across it’s own business units Then, best practices and client experiences are used to identify ways to improve operational performance while ensuring the organization has the requisite skills and human capacity to legally change and still meet the business’s financial goals
Typical HR & Workforce Benchmark Categories Benchmark CategoryNumber of Benchmarks Benefits7 Compensation11 HR Structure6 Organizational Effectiveness5 Separation4 Staffing16 Training and Development9 Total58 EXAMPLES: -Benefit Expenses / Compensation -Operating Expenses / HR Expenses -Annual Training Costs / # of Employees
Uses Publicly Available Information to Identify Causal Relationships that Identify Savings Opportunities
For 2012, XYZ Corporation had a 24% lower ROI on HR than previous year Suggests lost productivity for 2012 of approximately $13,112 / employee or a total of $619 Million 20082009201020112012 Case Study at XYZ Corporation
Collaborative Client / Consultant Recommendations Development Process Design and develop a customized approach to measure and articulate organizational, operational and business performance Identify relevant organizations that possess superior performance and Best Practices in those areas represented by benchmarks & business performance Eliminate redundant/ ineffective interventions to achieve cost- cutting savings and apply to economies of scale Create optimum workforce alignment and agility Drive to capture and implement initiatives that can provide the best “Speed to Value” Capitalize on current HR interventions with superior ROI and leverage those in other areas of the clients organization
Next Steps This product/service is contained in the HR Specialty Products & Services Catalogue™ Operational level details about this particular service provider can be obtained in conference with the vendor The HR Mining &Distribution Co. is an independent and contracted representative of the vendor Upon your request, we will arrange for an introduction that can range from a simple, quick conference call to a services overview / system demo Tom Ference 219-662-0201 (Chicagoland area) or email@example.com Thank you for your potential interest in this fresh thinking
© 2023 SlidePlayer.com Inc.
All rights reserved.