improving the bottom line through better hr management
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Improving the Bottom Line Through Better HR ManagementTRANSCRIPT
– KPA CONFIDENTIAL –
Improving the Bottom Line Through Better HR Management
We will begin at 10am Mountain Time
– KPA CONFIDENTIAL –
Improving the Bottom Line Through Better HR Management
We will begin at 10am Mountain Time
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Why HR MattersWhy HR Matters
Did you know….. That on average 35% of operating expense is attributed to
employee compensation and benefits? That the cost of a bad hire is 1.5 to 2 x the annual salary? That companies spend on average $1700 per employee to
comply with workplace regulations? That the odds of an employee winning a discrimination case
are as high as 65% if the employee doesn’t have appropriate documentation
That harassment cases cost on average– Pre-trial settlements: $300,000.– Litigation judgments: $1.8 Million
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Four Key Performance IndicatorsFour Key Performance Indicators
• Employee Costs• Employee Turnover/Retention• Employee Engagement/Satisfaction• Workplace Compliance
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Employee CostsEmployee Costs
• Average Costs of an Employee– Salary– Benefits
• Percentage of Revenue by Employee
• Employment Costs as a % of Operating Expenses
• % of time lost to absences
• Average overtime per employee
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Employee Turnover/ RetentionEmployee Turnover/ Retention
• Total replacement hires per year
• Total cost to hire
• % of new hires achieving 6 months
• % of new hires achieving 12 months
• % of new hires achieving satisfactory appraisals
• Cost of training per employee
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Employee Engagement/SatisfactionEmployee Engagement/Satisfaction
Annual measurements on attitudes and beliefs…
Compensation and benefits Co-workers, managers Promotion opportunities Training Work Tasks
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Workplace ComplianceWorkplace Compliance
• Total number of complaints
• Total number of lawsuits/audits– cost of defense as a % of revenue
• Lost time to accidents
• Training– Measure impact of training year to year against
lawsuits and complaints
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HotlinkHR™HotlinkHR™
Automation. Efficiency. Expertise. Complete solution for Human Resources Management and Compliance
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Workforce ManagementWorkforce Management
Automation - Efficiency- Expertise • Automation of essential HR processes forces compliance
– Recruiting and Staffing– Performance Management– Employee Termination– HR, Safety and Industry Specific Training
• Improved efficiency with simple to use, web- enabled HR software – Manager and Employee self service portal– Automatic alerts – Reporting and Analytics– Incident Reporting Hotline
• On demand expertise – Online HR Advice from Attorneys with expertise in your industry– Compliance Toolkits and How To Guides– Regulatory Updates
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Key Features of HotlinkHR™Key Features of HotlinkHR™
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Recruiting and Hiring•Online Employment Application•Background Screening•Tax Credit Processing•On boarding
Performance Management•Performance Appraisals•Disciplinary Action Wizard•"Bullet Proof" Termination•Termination Packet•Job Descriptions•Pay Plans
Training•Harassment•Red Flags•Customer Information• Security•Safety• HR Practices
Reporting and Analytics•Alerts• Dashboard•Incident Reporting
HR Compliance • How To Guides•Toolkits•Advice from attorneys•Incident Reporting Hotline
Simple to use, web enabled software delivered via a convenient software-as-a-service (SaaS) model
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The User Interface
•Simple, intuitive navigation•Rapid implementation•Seamless updates and upgrades
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• Automate the hiring process, including tax credits screening processing to ensure capture of all available tax credits
• Ensure all employees receive critical training to improve productivity and reduce the risk of litigation and governmental fines
• Automate the termination process to reduce unemployment claims expense and wrongful termination lawsuits
• Improve staff efficiency in completing HR administration tasks by up to 90%
• Access the HR Advice Line for your compliance questions and reduce legal expenses
HotlinkHR ROI
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Questions and AnswersQuestions and Answers
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QUESTIONS?
Contact InformationContact Information
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The recorded webinar and presentation slides will be emailed to you today including your local representative’s contact information.
www.kpaonline.com
866-356-1735
Kathryn Carlson
303-228-8765