Did we really need a study to tell us this...

Human Resources continues to be a big cost center, one of the functions business leaders look at first for cost reductions and productivity improvements.

So how can HR groups operate more effectively and efficiently? A comprehensive HR metrics study may have the answers. The study provides one common set of performance metrics for your key HR functions: Staffing, Benefits, Relocation, LOA, FMLA, Workers' Compensation and Medical Services.

For example, where do companies spend most of their HR cost? According to the study...

• The majority of costs were spent on internal labor ranging from 55% to 82%
• Outsourcing costs are the second highest at between 13 and 31% of all staffing costs
• Interestingly, the largest companies in the benchmark had the most substantial investment in systems, at 32% of the total costs

Source(s): Best Practices, LLC