HR Strategy Cost per Employee

Having a well-designed and executed HR strategy has been linked with competitive advantage, improved financial outcomes, and superior shareholder returns. To fully reap these benefits, organizations need to make sure that the HR strategy and planning investments they make are cost-effective. Monitoring the cost of HR strategy and planning can help organizations maintain a healthy balance between strategic HR investments and desirable organizational outcomes.

This article describes one HR strategy and planning cost measure that is important to watch, provides benchmarking data and information, and offers tips for keeping HR strategy and planning costs in check.