Firms Waste an Average of 850 Hours a Year on HR Reports
Editorial Staff, Talent Management, October 24, 2013
Download the full report here.
Global research launched by SuccessFactors found that organizations are wasting an average of 17 hours a week, or 850 hours a year, to produce HR reports. Also, more time is being devoted to delivering reports back to the organization as respondents cite increased demand for workforce metrics in the last five years.
The global research commissioned by SuccessFactors and conducted by international research firm Vanson Bourne surveyed 1,300 HR, finance and IT managers and found that 72 percent of organizations say their employees are increasingly geographically dispersed. As a result, a further 51 percent of organizations are finding the connection of multiple data sets challenging as they grapple with disparate systems and both structured and unstructured data, making reporting increasingly troublesome.
As a result, just under a quarter (22 percent) of global survey respondents consider themselves to be “very effective” when it comes to workforce analytics.
As a result of a globally distributed workforce, 51 percent of organizations use different HR systems for different territories. Of those, 47 percent have a different system in each country. This has led to the management of multiple systems across different networks and geographies, the study shows, becoming a challenge for four out of ten organizations.
The global make-up of organizations is also having an impact on employees and their demand for access to information on the move. Employees want an average of 47 percent of business applications to be available on mobile devices. These issues form part of the reasoning behind organizations looking to streamline processes, additionally just under half (49 percent) of organizations see reducing cost as one of the key reasons for reviewing core HR systems.
You can download the full report here.