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Human Resources » Compensation, Rewards, Recognition and Benefits
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Metrics, Graphics, Summary Matrix
Single User: Authorizes use by the person who places the order or for whom the order was placed.
Sitewide: Authorizes use of the report for a geographic site. All people at site can view the report for a year and copies can be printed.
Corporate: Authorizes use for the entire company for a year and copies can be printed. No limitations for usage inside the company.
Aerospace; Banking; Manufacturing; Medical Device; Telecommunications; Financial Services; Chemical; Defense; High Tech; Utilities; Energy; Automobile
Boeing; U.S. Steel; Teleflex; SBC Communications; Rockwell Automation; Raytheon; PPG Industries; Northrop Grumman; Lucent Technologies; Exelon Corp; Emerson Electric; DTE Energy; DaimlerChrysler; ConocoPhillips; ChevronTexaco; Cisco Systems; Bombardier Aerospace
A major focus of the study is staffing, with a goal to understand the best way to manage resources internally and externally. All of the companies in the research use a Third-Party Administrator (TPA) to some extent. Working with this model, leaders want to pinpoint which activities are best kept inhouse and how to best manage the TPA to maximize efficiencies.
Key findings included that the return-to-work rate averaged 93% for the benchmark class and 98% for the top quartile, with that segment being defined as companies that outperform 75% of the entire class for a metric. Assuming a $10K employee replacement cost, the gap between the benchmark class and the top quartile for the return-to-work rate represents a potential savings of $28M.
If you purchase Best Practice Database document(s), you will have 30 days from the date of purchase to apply some or all of the cost of the document(s) toward the cost of a Full Access Individual, Pharma, Group or University Membership. Write us at DatabaseTeam@bestpracticesllc.com or call David Guinn at 919-767-9179 if you have any questions.