“We’re always striving to help companies better manage all of the functions related to core HR, so we are thrilled to partner with Aberdeen again to provide this valuable information and research to organizations.”
Winston Salem, NC (PRWEB) September 15, 2010
Winston-Salem, NC (PRWEB) September 15, 2010 -- A recent Aberdeen Group study, sponsored in part by SilkRoad technology, inc., the leading provider of talent management solutions, looks at how organizations take the administrative nightmare out of managing benefits, scheduling, payroll, compliance, and other functions of core HR. The report found that top performing companies in Core HR lowered error rate in payroll processing to just 0.5% and reduced manual transactions by 7% year-over-year.
Aberdeen interviewed more than 160 organizations for the study, The Future of Core HR: Building the Business Case for Automation and Integration, and concluded that automation, integration, and employee self-service are the keys to a more efficient HR practice. The report also found that by streamlining transaction times and giving employees greater autonomy through self-service capabilities, companies achieved 18% higher engagement scores than their competitors.
Companies that reached Aberdeen’s top performer status in Core HR also achieved better business results by having accurate data to make more educated workforce decisions. Aberdeen’s research also found that the integration of manager self-service tools and workforce dashboards results in nearly two-and-a-half times greater improvement in staff productivity, 180% greater improvement in revenue per employee, and 125% greater reduction in overtime costs.
“Aberdeen’s recent study on Core HR shows the importance of having a system that makes information such as employee count, job vacancies, salaries, and other key employee information easily accessible in achieving peak organization performance,” said Andrew J. “Flip” Filipowski, Executive Chairman and CEO of SilkRoad technology. “We’re always striving to help companies better manage all of the functions related to core HR, so we are thrilled to partner with Aberdeen again to provide this valuable information and research to organizations.”
“At the end of the day, Aberdeen’s goal is to educate human capital management professionals on how to continuously evolve their departments to better enable decision makers in achieving business goals,” said Jayson Saba, Research Analyst, Human Capital Management, and the author of the benchmark report. “The study found that top performing organizations are automating manual HR processes and integrating core HR with other systems to reduce the tactical burden on HR and drive this evolution, ultimately, towards accomplishing business results.”
Aberdeen’s report includes more detail on how organizations are achieving greater accuracy in core HR reporting, while reducing effort and freeing up time for more strategic HCM initiatives. Complimentary access to this report is available by SilkRoad technology and can be found here.
SilkRoad provides its clients – which include over 60 of the Fortune 500 group of companies – with comprehensive talent management solutions. These integrated solutions manage the entire employee life cycle, cutting millions of dollars in human resources costs. With its award-winning Life Suite™, SilkRoad assists companies to attract best-fit talent, manage onboarding & employee transitions, maximize employee performance, provide a centralized learning management system, manage core HR functions and deliver accurate information with employee intranets and content management.
About SilkRoad technology, inc.
SilkRoad technology, inc. provides software as a service (SaaS) solutions that significantly improve the talent within its more than 1500 customers across the globe. Through SilkRoad’s Life Suite™, an integrated talent management solution, companies are able to hire better employees, identify high and low performers, drive a pay-for-performance culture and improve employee tenure. The SilkRoad Life Suite solution set includes: OpenHire™, for recruiting management; RedCarpet™ for employee onboarding and life events; WingSpan™ for flexible employee performance management; GreenLight™ for learning management; Eprise™ for employee intranets and content management; and HeartBeat™ for core HR.
SilkRoad technology is headquartered in Winston-Salem, NC with offices in Bedford, MA; Chicago, IL; Red Bank, NJ; Jacksonville, FL; San Francisco, CA; Edmonton, Canada; Singapore; Sydney, Australia; Auckland, New Zealand; and Hamburg, Germany. More information is available on the Web at http://www.silkroad.com or by phone: U.S. toll free at 866-329-3363 or internationally at +1-336-201-5100. Follow SilkRoad technology on Twitter at http://www.twitter.com/SilkRoadTweets.
About Aberdeen Group, a Harte-Hanks Company
Aberdeen provides fact-based research and market intelligence that delivers demonstrable results. Having queried more than 30,000 companies in the past two years, Aberdeen is positioned to educate users to action: driving market awareness, creating demand, enabling sales, and delivering meaningful return-on-investment analysis. As the trusted advisor to the global technology markets, corporations turn to Aberdeen for insights that drive decisions.
As a Harte-Hanks Company, Aberdeen plays a key role of putting content in context for the global direct and targeted marketing company. Aberdeen's analytical and independent view of the “customer optimization” process of Harte-Hanks (Information – Opportunity – Insight – Engagement – Interaction) extends the client value and accentuates the strategic role Harte-Hanks brings to the market. For additional information, visit Aberdeen or call (617) 854-5200, or to learn more about Harte-Hanks, call (800) 456-9748.