Infohrm's benchmarking reports enable HR leaders to measure current performance, identify root causes of unexpected results, pinpoint opportunities for improvement, and set performance targets for 2010.
Washington, DC (PRWEB) September 3, 2009
Infohrm, the global leader in workforce planning, reporting and analytics solutions, today announced the publication of its 2009 human capital benchmarking studies, each of which offers a comprehensive array of workforce metrics, segment-specific analysis, and industry cuts.
"Access to reliable external benchmarking data is critical for assessing how internal performance indicators compare to results obtained by industry or geographic peers," said Darren Shearer, Infohrm's Director of Reporting Services. "Infohrm's benchmarking reports enable HR leaders to measure current performance, identify root causes of unexpected results, pinpoint opportunities for improvement, and set performance targets for 2010."
Available for purchase at the Infohrm bookshop, the 2009 Annual Benchmark Report and Industry-Focused Benchmarking Studies contain a wide range of detailed HR and workforce metrics, trends, and analysis.
"Infohrm's benchmarking reports provide the workforce metrics and analyses that allow for more targeted, data-driven examination and decisions. When compared to other benchmarking studies we've purchased, the reports clearly stand out because of the high quality data that is thoughtfully organized and focused on the measures we need to manage our business."
Reporting and Analytics Manager
Fortune 500 Energy & Utilities Company
Further details on each study can be found below:
1. 2009 Annual Benchmark Report
The 2009 Annual Benchmark Report provides normative data on a comprehensive set of organizational and human resource performance indicators. The report links workforce issues to key organizational outcomes such as revenue, expense and profit, providing benchmarks that allow managers to evaluate how well their organization uses its human capital assets. This equips managers with essential information to help them in their task of maximizing their organization's effectiveness.
The 2009 report includes data from 77 organizations. The information is presented in the report as aggregated data, and divided into 7 industries, 8 organization size categories, 5 organization types, and 8 regions. The study includes 80+ measures separated into three sections: Organizational Effectiveness, Turnover and Recruitment.
- Operating Profit per FTE
- Return on Human Investment Ratio
- Training Expense per FTE
- Management Staffing Factor (Span of Control)
- Termination Rate – High Performers
- Staffing Rate – Approaching Retirement Eligibility
- Net Hire Ratio – Silents & Boomers/Generations X&Y
- Career Path Ratio
2. Industry-Focused Benchmarking Studies
Through its industry consortia, Infohrm enables HR leaders and practitioners to learn sector-specific best practices, solve common challenges, and obtain detailed benchmarks on industry metrics. For the first time, Infohrm is offering extensive human capital benchmarking reports containing data for organizations in 4 specific industries:
- Financial Services
- Energy & Utilities
Each benchmarking study contains an overview of current trends affecting the industry, benchmarking data for each metric, percentile breakdowns, and results interpretation.
About the Infohrm Benchmarking Program
Human capital benchmarking is a core function within Infohrm's proprietary, web-based workforce planning, reporting, and analytics application. Benchmark data and metrics are available to Infohrm members through their human capital dashboard. Core features of the online functionality include:
- Transaction-based data capture
- True "apples– to–apples" benchmarking based on rigorous measurement standards
- Quality assurance through quarterly reviews of possible outliers
- Extensive drill-through into workforce and organizational data cuts
Infohrm is the global leader in on-demand workforce planning, reporting, and human capital analytics solutions. With over 25 years of experience, and a strong customer base consisting of Fortune 1000, non-profit, and government clients, Infohrm has paved the way for organizations to measure the impact of human capital initiatives and drive business results. The Infohrm solutions couple leading edge software with strategic consulting and HR professional development services that focus on the analysis of data to help organizations make informed decisions around human capital practices.
Visit Infohrm booth #820 at the 2009 HR Technology Conference & Expo (Chicago, IL, September 30-October 1)
Learn more at http://www.infohrm.com
Vice President, Marketing
This press release was distributed through eMediawire by Human Resources Marketer (HR Marketer: http://www.HRmarketer.com) on behalf of the company listed above.