Lebanon, NJ (PRWEB) April 19, 2006
Human Resource professionals can now build better business cases for new HR initiatives with the recent release of Pilat HR Solutions’ white paper, "ROI for HR Systems & Processes: How Do We Justify The Cost?," written by CEO of Pilat’s North American operations, Clinton Wingrove. In this white paper, Wingrove addresses the age-old issue faced by Human Resources – how to produce a quantifiable justification for the cost of a new HR system or process. He details the steps for building a solid business case, as well as, disclosing the success measures to produce a return on investment (ROI) for Talent Management and Performance Management systems and processes.
In a study by Mercer on CFOs’ perspective on human capital management, only 16% of CFOs surveyed had nothing more than a “moderate understanding” of the return on investment of expenditures on human capital management initiatives. “Today’s change influencers in HR understand that ‘trust me’ usually is not enough to get an initiative off the floor," said Clinton Wingrove, Chief Executive Officer of Pilat (North America), Inc. "If you want to champion an HR initiative, approach your proposal pragmatically by not only articulating its strategic purpose but also supporting it with a thorough assessment of the associated costs, benefits, and risk/certainty factors."
As disclosed in this white paper, the business case must be strong enough to ensure that the system or process will not only be implemented but will be sustained. HR’s transformation from an administrative role to a more strategic role involves HR providing thoughtful and objective assessments of new initiatives. The business case must reflect this attention to detail in order for HR to make a sustainable and positive impact in their organization’s bottom-line. For more information and a copy of the white paper, please visit http://www.pilat-nai.com.
About Pilat HR Solutions
Pilat HR Solutions is part of the Pilat Technologies International Limited ("the Pilat Group"), an HR consulting and software company, co-listed on the London AIM and the Tel Aviv Stock Exchanges. Pilat’s advanced web technology, business process consulting, and metrics & data services are designed to Power Performance and Potential(sm). Pilat’s human capital management solutions encompass Succession Planning / Talent Management, Performance Management, Development Management, Reward and Compensation, Organizational Development, and Business and HR Metrics (including custom surveys). For more information, please visit http://www.pilat-nai.com or call (800) 338-9701.
This press release was distributed through eMediawire by Human Resources Marketer (HR Marketer: http://www.HRmarketer.com) on behalf of the company listed above.