1<!DOCTYPE html>
2
3Anonymous
4/bestp
5/bestp/domrep.nsf
6E65618FF55D6EAC985257298006B31AE
8
9
10
11
12
13
140
15
16
17/bestp/domrep.nsf/products/organizational-staffing-services-costs-and-effectiveness?opendocument
18
19opendocument
2035.175.200.4
21
22
23www.best-in-class.com
24/bestp/domrep.nsf
25DB




Products & Services Human Resources Employee Staffing and Performance Measures

Organizational Staffing Services, Costs and Effectiveness

ID: 4950


Features:

20 Data Graphics


Pages/Slides: 38


Published: Pre-2014


Delivery Format: Online PDF Document


 

License Options:
close

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.




Buy Now

 


  • STUDY OVERVIEW
  • BENCHMARK CLASS
  • SPECIAL OFFER
Non-members: to download a complimentary excerpt of this document, please click here.


STUDY OVERVIEW
Today’s hotly competitive hiring market has spurred organizations to examine the efficiencies and effectiveness of their staffing functions as they grapple to capture the best and the brightest among the shrinking labor pool. From workforce planning, sourcing, recruiting and every staffing activitiy in between, study participants shared myriad data points surrounding their organizational staffing function, including key performance benchmarks and cost metrics.

This research will aid HR executives in evaluating their company's staffing processes in comparison to leading corporations across industries. Importantly, all staffing data are segmented by "Number of Staffing FTEs," allowing for more meaningful comparisons with the benchmark class.

KEY TOPICS

  • Service Offerings
  • Staffing FTE Allocations
  • Staffing Cost Breakdowns
  • Total Hires
  • Offers Extended & Accepted
  • Average Start & Fill Times
  • Hire Performance & Satisfaction Ratings

KEY METRICS
  • Distribution of Company Size
  • Percent of Companies Associated with Different Levels of Operational Complexity
  • Distribution of Staffing Function Structure
  • Distribution of Availability of Resources Throughout the Company
  • Percent of Companies Performing Different Staffing Activities
  • Distribution of Total Number of Staffing FTEs
  • Percentage Allocations of Staffing FTEs by Hire Type
  • Percentage Allocations of Staffing FTEs by Process Area
  • Percentage of Total Global Staffing Personnel by Category
  • Average Annual Staffing Costs
  • Cost Breakdown by Expense Category
  • Cost Breakdown by Hire Type
  • Cost Breakdown by Staffing Process
  • Number of Hires by Type
  • Average Offers Extended and Accepted
  • Hire and Offer Efficiency Ratios
  • Average Start and Fill Times
  • New Hire Performance Ratings
  • Hiring Manager Satisfaction Ratings

KEY FINDINGS
  • Staffing Activities: More than 90% of the companies perform the basic processes such as Applicant Tracking, Recruiting, Requisition Management and Offer Generation. Workforce Planning continues to remain a challenge, being performed by the fewest companies (71%).
  • Cost Breakdown: The vast majority of costs are spent on internal labor, ranging from 55% to 82%. Outsourcing costs are the second highest expense accounting for between 13% and 31%. The largest companies have the most substantial investment in systems, at 32% of total costs.
  • Average Acceptance Rate: The average offer acceptance rate (OAR) ranges from 40% to 97%. For the largest FTE segments, the average OAR ranged from 85% to 97%.

METHODOLOGY
This research was conducted on behalf of Best Practices, LLC. The results were complied from survey data responses from 24 companies representing more than ten industries.

Industries Profiled:
Health Care; Pharmaceutical; Diagnostic; Consumer Products; Electronics; Computer Software; Manufacturing; Telecommunications; Defense; Internet; Banking; Financial Services; Insurance; Shipping; Chemical; Aerospace; Medical Device; High Tech


Companies Profiled:
Abbott; Whirlpool; Texas Instruments; SAS Institute; OneSteel; Nortel Networks; Lockheed Martin; KLA Tencor; Intel; Fujifilm; Fidelity Investments; FedEx Ground; Dow Chemical; Dassault Systemes; Caterpillar; Boeing; Baxter International; Allstate Insurance Company; ALCOA; Agilent Technologies; ConAgra Foods; Electronic Data Systems; General Dynamics Canada; General Dynamics AIS

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.