Total cost to perform the process group "manage employee information and analytics" as a percentage of total HR function cost

This measure calculate the total cost to perform the process group "manage employee information and analytics" as a percentage of HR function cost. Total cost is the sum of personnel (compensation/benefits), systems (direct and/or allocated), overhead (direct and/or allocated), other internal, and outsourced costs. The process group "manage employee information and analytics" involves managing the employee reporting processes, employee inquiry process, employee information and data, and the HR information systems. Create and administer the employee metrics. Develop and handle the time and attendance systems. Refurbish the indicators for employee retention and motivation. This Cost Effectiveness measure is intended to help companies understand this cost expenditure related to the process group "Manage employee information and analytics".

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Measure Category:
Supplemental Information
Measure ID:
111131
Total Sample Size:
2,367 All Companies
Performers:
25th Median 75th
- - -
Key Performance Indicator:
No
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Compute this Measure

Units for this measure are percent.

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(Total cost to perform the process group "manage employee information and analytics" / Total cost to perform the function "develop and manage human capital") * 100

Key Terms

There are no key terms associated with this measure.
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Measure Scope

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Cross Industry (7.1.0)

  • 7.7.1 - Manage reporting processes (10522) - Providing information and reports regarding employees to management.
  • 7.7.2 - Manage employee inquiry process (10523) - Handling instances where an employee believes that he/she has been inappropriately treated or he/she desires clarification. Encourage employees to inquire when needed. Record and clarify the issues for which the enquiry has been made.
  • 7.7.3 - Manage and maintain employee data (10524) - Capturing and updating employee information and data and information on the employees.
  • 7.7.4 - Manage human resource information systems HRIS (10525) - Administering and maintaining HR information systems that take care of activities related to HR, accounting, management, and payroll.
  • 7.7.5 - Develop and manage employee metrics (10526) - Creating and maintaining performance metrics for employees. Create and manage a strategic system of data and statistics to accurately gauge each employee's information. Consider productivity metrics, efficiency metrics, training metrics, etc.
  • 7.7.6 - Develop and manage time and attendance systems (10527) - Developing and maintaining systems for managing the time and attendance of employees. Routinely upgrade the process and systems that track when employees start and stop work, the department where the work is performed, attendance in addition to tracking meals and breaks, the type of work performed, and the number of items produced.
  • 7.7.7 - Manage/Collect employee suggestions and perform employee research (10530) - Procuring and handling suggestions from employees, and performing research on employees. Manage and analyze the programs that help the organization to tap into employee ideas for improving the organization's processes and/or products. Use surveys, focus groups, and other data-gathering methods to find out the attitudes, opinions, and feelings of members of an organization.