Talent management, workforce planning, and retention are top of mind for many executives today. Comparative data can help to identify gaps in the effectiveness of HR initiatives, programs, and structure targeted at those issues.
HR and managers can get external confirmation on the effectiveness of their programs based on key metrics. If their performance is below industry standards, they will have objective data to support internal discussions and initiatives.
Saratoga Benchmarking brings rich workforce data to the hands of business leaders to help them make informed talent management and workforce planning decisions.
With the typical organization investing $2,000+ per employee in HR, executives are looking to understand the return on that investment. This becomes more imperative if the organization is looking to scale globally, considering a large scale transformation, or undergoing a leadership change.
PwC leverages the Saratoga database to enable a comparison of cost and staffing ratios to peers. Coupling this with HR activity analysis and performance surveys provides insight into the HR staff and customer performance evaluations for a 360◦ view of the effectiveness and efficiency of the function.
The HR Assessment program provides an objective view into an organization’s HR function’s performance. With this data, organizations have better insight into how to increase HR’s impact on the workforce.