ARLINGTON, Va., July 17, 2017 /PRNewswire-USNewswire/ --
Bloomberg BNA today released its HR Department Benchmarks and
Analysis 2017 report. Issued annually since 1978, the report is a
vital source for human resources executives at organizations of all
types and sizes, providing benchmarking data and insights required
to plan for the future and manage the function more effectively and
strategically. Additional report information and a
complimentary copy of the HR Department Benchmarks and Analysis
2017 executive summary are available at
http://on.bna.com/k6kn30dBNXZ.
"This year, we have significantly expanded the survey content to
include a wealth of data on budgetary information — including how
HR departments are spending their budgets — and the roles and
responsibilities of human resource specialists," said Molly Huie, Manager of Survey Reports, Bloomberg
BNA. "For HR executives who want to compare how their departments
stack up to similar sized organizations, this survey is the
definitive resource when it comes to staffing, expenditures,
responsibilities, priorities, and influence."
Key findings of this year's survey include:
- For the second year in a row, the median ratio of human
resources staff to total employee headcount is at an all-time high
of 1.4 full-time equivalent HR employees for every 100 workers
served by the human resource department.
- Four in five departments have revised HR policies based on
recent legislation, with the most commonly cited changes being due
to the Affordable Care Act (62 percent) and overtime rules (48
percent).
- Nearly two-thirds of departments (63 percent) have their own
budgets, and the most prominent line items are benefits, employment
and recruiting, training and development, and compensation.
- The benefits of economies of scale are substantial for HR
departments — on a per capita basis, companies with fewer than 250
employees spend six times as much on the HR function ($2,966 per employee) as organizations with at
least 2,500 workers ($594 per
employee).
The report is based on a survey of nearly 700 human resource
professionals representing a broad cross-section of U.S.
employers.
About Bloomberg BNA
Bloomberg BNA provides legal, tax
and compliance professionals with critical information, practical
guidance and workflow solutions. We leverage leading
technology and a global network of experts to deliver a unique
combination of news and authoritative analysis, comprehensive
research solutions, innovative practice tools, and proprietary
business data and analytics. Bloomberg BNA is an affiliate of
Bloomberg L.P., the global business, financial information and news
leader. For more information, visit www.bna.com.
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SOURCE Bloomberg BNA