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Business Tips

Blind ambition

Do you know the number sick days your staff take and other essential information? Do you benchmark this data against other employers? If not, you could be missing out.

More than a third of HR and payroll professionals do not know the number of sick days their staff take, how long they stay in their jobs, or even the cost of recruiting staff. According to payroll software provider, Snowdrop, nearly three quarters do not know how their HR data compares to industry peers, challenging the notion that HR can create a competitive advantage.

Some of the other findings show that nearly half have no idea of the cost of recruiting staff; a third do not have software to manage staff information; and one in ten do not even know how many employees work for their organisation.

Michael Richards, chief executive of Snowdrop, said: "HR aims to make a real business impact by contributing to strategy and business planning. But to do so, it has to first understand the HR basics. Without being able to accurately forecast future business needs, HR will only be able to 'feel its way' not fulfil its boardroom ambition. Without this knowledge, how can HR expect to really help drive performance?"

Business Tip:

For further information on keeping employee records, click on the link below.
www.bizwise.co.uk/redirect.asp?Goto=doc&UID=BLCD&Page=3417

Conducting an interview - checklist
www.bizwise.co.uk/redirect.asp?Goto=doc&UID=BLCD&Page=4499

Using temporary staff through an agency – checklist
www.bizwise.co.uk/redirect.asp?Goto=doc&UID=BLCD&Page=4505


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