New York, NY - Retensa, a leader in talent retention research, recently expanded on its powerful analytical tool to its highly-regarded Cost of Turnover Service. HRMetricsPro now uses 151 human resource related variables to help companies pinpoint exactly what their employee costs are, where they can be reduced, and by how much. HRMetricsPro also shows companies how to improve HR efficiency and optimize their recruiting, staffing, and training resources.
Spending associated with managing employees is the #1 cost of business. However, most companies have no idea how high their employee costs really are, or how much they can reduce them. HRMetricsPro provides the most comprehensive quantitative analysis available for uncovering an employee’s true Total Cost of Management (TCM). This enables companies to take the crucial first step in reducing costs by determining why they are so high and what percentage is avoidable.
Before HRMetricsPro, it was virtually impossible for a business to accurately calculate distinct employee life-cycle expenses and how to best reduce them. After two years and over 4600 hours of development, HRMetricsPro now measures more direct employee costs, such as orientation and training, and more indirect employee costs, like lost productivity after an employee leaves, none of which are typically quantified. HRMetricsPro enables organizations of all sizes to measure these costs and start reducing them immediately. Savings from reduced workforce costs go directly towards improving a business’s bottom line and, once identified, these savings can be duplicated year-after-year.
Retensa expanded its industry-leading Cost of Turnover Service to help organizations measure more of the Employee Life-Cycle. To quantify business processes involving attracting, staffing, and managing employees, and identify HR activities where costs can be reduced and Human Capital ROI can be improved, visit www.hrmetricspro.com.
