HR Benchmarking
Organisations realise that their labour costs are a very high proportion of their total costs (70% in many cases) and that they have to manage their human capital as much as they manage their capital or financial assets.
The services we provide in this area include:
Absence and turnover benchmarking
We provide an annual absence and staff turnover survey and publish a report to enable organisations to benchmark their absence and turnover. The report also highlights developments in best practice in reducing absence and turnover.
Joiners and Leavers Surveys
We provide joiners and leavers surveys to provide information to help improve recruitment and retention.
Joiners surveys help improve recruitment by understanding from the recruit's perspective how the recruitment and selection process can be made more user friendly. This means that fewer people will drop out of the recruitment process or leave within a few months because unrealistic expectations were created, or the induction process was lacking.
Leavers’ surveys help organisations understand why staff are really leaving and what they can do to retain them. This means that they can develop more effective, evidence based retention strategies and not waste time and resources on irrelevant interventions. Leavers’ surveys are more cost effective and provide far more reliable information than traditional exit interviews.
Benchmarking Information
We provide key HR benchmarking information against leading public and private sector organisations to enable organisations to answer questions such as:
- How is my organisation performing in comparison with other similar organisations?
- How does my organisation compare against monitoring standards?
- Where and how can I reduce costs and improve efficiency?
Indicators might include:
§ Absenteeism
§ Labour turnover
§ Vacancy levels
§ Workplace stress
§ Innovative people management cost improvement/cost reduction strategies
§ HR service provision
§ Skill mix profiles
§ Payroll costs
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