Assessment tool draws on HR practices of Best-in-Class companies to help others identify ways to enhance productivity and growth
Ceridian Corporation, in conjunction with Ceridian Canada Ltd., leading providers of managed human resource, employee benefits administration, tax filing, and payroll outsourcing solutions, is sponsoring the Aberdeen Group’s Core HR Functions Benchmarking Tool. The tool enables companies to compare their HR performance against their peers and generates a report identifying key benchmarking data and recommendations.
“In today’s competitive environment benchmarking is one of the tools companies use to help them measure the comparative quality of their HR practices,” said John F. Hunter, executive vice president and general manager, Ceridian HR/Payroll. “Ceridian is pleased to sponsor a tool that can help companies improve their HR management. Because we know businesses that use HR management best practices experience measurable, positive effects on employee engagement, productivity and profitability.”
The Core HR Functions Benchmarking Tool is based on Aberdeen’s extensive benchmarking studies. Tool respondents are prompted to answer a series of questions designed to address the following business categories:
- Business pressures
- Business actions
- Business capabilities
- Technology enablers
- Key performance indicators
The tool uses each customer’s response to categorize their answers into three distinct performance groups: the top 20 percent of performers (Best-in-Class), the middle 50 percent (Industry Average), and the bottom 30 percent (Below Industry Average).
According to Jayson Saba, the Aberdeen analyst who leads core HR research, “This assessment is powered by data from hundreds of organizations that was then analyzed to determine the differentiating factors that truly yield Best-in-Class performance.”
Participant responses are then compared to those Best-in-Class companies and used to generate a customized report that offers personalized recommendations about HR steps the participant can take to improve their own practices, drive employee engagement, and increase productivity and profitability.
Ceridian is a leading global business services company that provides reality-based KnowHow to take the guesswork out of impacting your organization’s bottom line. From human resources and benefits to productivity and payroll services, we help organizations maximize their human, financial and technology resources. As a leader in payroll outsourcing, gift cards and corporate expense management, we’re the driving force in payment innovation. Whether we’re partnering with you to save money, grow your business, enhance operations or minimize financial risks we provide the insights and solutions that ensure your success. For more information about Ceridian visit http://www.ceridian.com/?pr=lw031208 or call 800-729-7655.