Participation in the HR Metrics Tool consists of data submission in a benchmarking survey. Each participant will receive a personalized report that compares their organization's results against those of other participants. The HR Metrics Tool will launch in January 2012.
Benefits of participation in the HR Metrics Tool are:
-
Gain a better understanding of the investment in the HR function and its areas of strength and identify opportunities for improvement
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Consistently measure and benchmark items like nurse turnover
-
Develop a comprehensive perspective on human capital management
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Benchmark directly with your health care peers in a confidential manner
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Establish consistent reporting on human capital metrics to enable accurate comparisons
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Personalized reports with the ability to review data by a variety of segments
The survey will focus on the following metrics:
|
Retention and Separations
- Turnover Rate
- First Year of Service Turnover Rate
- Nurse First Year of Service Voluntary Separation Rate
- Nurse Voluntary Separation Rate
- Average Tenure
|
Workforce Productivity
and Profitability
- Workforce Employees Operating Cost per FTE
- Labor Cost per FTE
- Labor Cost Expense Percent
- Nurse Overtime Pay Percent
|
Staffing and Hiring
- Internal Hires Percent
- Cost per Hire
- Time to Accept
- Nurse Time to Accept
- Nurse Vacancy Rate
|
|
Workforce Diversity
- Ethnically Diverse External Hiring Percent
- Ethnically Diverse Headcount Percent
|
HR Cost and Structure
- HR Costs per Employee
- HR Headcount Ratio
- Learning & Development Investment per Employee
|
Compensation & Benefits
- Average Benefits per Employee
- Health care Costs per Active Employee
- Learning & Development Investment per Employee
|
The fee for participating in the HR Metrics Tool is $500 for ASHHRA members, and $1,000 for non-members.*
All participants will be provided with:
- PwC Saratogas proprietary web-based data collection and reporting tool
- Standardized instructions for each data element for the health care industry
- Customized report containing your results compared against other organizations' results, with trended year-by-year results
- A single point of contact for questions about data collection and benchmarks
- Data collection webinars and user guides
Timeline for HR Metrics Tool
|
Activity |
Date |
| Registration begins for HR Metrics Tool (ongoing) |
Dec. 14, 2011 - March 31, 2012 |
| 2012 (2011 Data Collection) |
Jan. 16 - April 13, 2012 |
| 2011 Benchmarks Published to Participants |
June 2012 |
*Pricing is per facility and per facility in a multi-facility system. Systems with greater than 10 facilities will pay a maximum of $5,000.
Please do not hesitate to contact us should you have any questions or if you are interested in becoming a member.
* Pricing is per facility and per facility in a multi-facility system. Systems with greater than 10 facilities will pay a maximum of $5,000. |
PwC Saratoga is a global leader in workforce measurement, having been in the field for over 30 years, and works with over 600 companies annually to support the development of a fact/evidence based framework to align HR strategy with organizational objectives. Additionally, PwC Saratoga has a deep understanding of the challenges facing HR professionals in the health care industry. PwC Saratoga has worked with hundreds of leading hospitals to benchmark HR metrics and provide thought leadership.