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Benchmarking: Friend or foe of the HR Team?

LACE Partners

We are often asked by clients or HR teams in our community about benchmarking and specifically about providing data on how HR teams are performing in their ‘space’. We explore the value of benchmarking, some of the challenges of not being clear on what you are benchmarking, as well as how it can be beneficial.

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Build vs. Rent: Don’t Crash on the Do-It-Yourself Iceberg for People Analytics

Visier

Let me illustrate the differences between the Build and Rent paths by returning to our example of the software company from earlier. These were their results, compared to the software company that followed the Build path: This side-by-side comparison shows the advantages of choosing the rent option for the datafication of your HR function.

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Build vs. Rent: Don’t Crash on the Do-It-Yourself Iceberg for Workforce Intelligence

Visier

Let me illustrate the differences between the Build and Rent paths by returning to our example of the software company from earlier. These were their results, compared to the software company that followed the Build path: This side-by-side comparison shows the advantages of choosing the rent option for the datafication of your HR function.

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HR KPIs: All You Need to Know

HR Lineup

By monitoring key metrics, HR professionals can identify bottlenecks, inefficiencies, or areas that need additional attention, enabling them to take proactive steps to address these issues. Benchmarking and comparison: HR KPIs allow organizations to benchmark their performance against industry standards or their own historical data.

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Compliance & Safety for Construction Firms

FingerCheck

In 2018 the global business consulting and accounting firm Ernst & Young conducted a benchmark study of the administrative costs associated with performing common human resources tasks necessary to comply with federal labor laws. Little by little those costs add up. And it’s not insignificant.

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HR Consulting Firms for Small Businesses: 15 Leading Experts

Astron Solutions

For a thorough overview of the purpose and functions of human resources for small businesses, check out the Small Business Administration’s introductory course. Who provides HR services? Industry benefits benchmarking for your company’s sector and size. Best HR Consulting Firm for Payroll Support.

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Consequences of Outdated Employee Benefits Systems

Zenefits

These teams depend largely on manual processes instead of digitized HR systems — causing administrative burnout and financial waste. Per the report, “Small [HR] teams are stretched thin,” and over half of surveyed employers have only 1 person managing their HR function. Fragmented administration.