Your company set a target for the year to reduce personnel costs by 5 percent. It's June. Are you on track? Or, perhaps you want to understand at which organizational level you have the greatest opportunity to reduce the termination rate. How are your peers doing at that same level? Even if you have the best reporting capabilities, you can be left in the dark when it comes to understanding how your company's performance stacks up to others in the industry.  

Ceridian provides real-time benchmarking tools to help grow your business

Your company set a target for the year to reduce personnel costs by 5 percent. It's June. Are you on track? Or, perhaps you want to understand at which organizational level you have the greatest opportunity to reduce the termination rate. How are your peers doing at that same level? Even if you have the best reporting capabilities, you can be left in the dark when it comes to understanding how your company's performance stacks up to others in the industry. 

As icons of U.S. business have faced their greatest test of survival since the Great Depression, comparisons of organizational performance have become more clouded since the onset of the current recession. Organizations consistently indicate that they need better access to industry information for making decisions, and the recession has left many companies feeling a need to rethink their business strategies. How can you get the right information to gauge your company's performance? Ceridian can put this information, and more, at your fingertips through our hosted HR and Payroll solutions and decision systems. 

"Ceridian gives employers real-time insight to be able to quickly and effectively access and understand the critical costs impacting their business and employees," stated Woody Taylor, Ceridian's senior vice president of HRS Strategy and Operations. "By allowing customers to use defined metrics to determine how they are performing compared to similar companies in their industry, they can make the business decisions necessary to grow their business." 

Using the existing data from clients' HR databases, Ceridian can compare their benefit and employee costs to other companies in their industry or to those with a similar number of employees -- as well as make regional comparisons and analyze other key metrics. 

Ceridian generates HR benchmarking reports that: 

  • Offer predefined metrics valuable to C level executives.
  • Analyze your data against your peers.
  • Compare against operational goals as well as against industry trends.
  • Allow you to see your performance toward goals.
  • Provide consistent interpretations of your peer data relative to you.
  • Show graphical representation of change over time.
  • Summarize calculations based on actual data.
  • Enable you to set organizational targets respective of your monthly history.

Better business decisions 
Even when the economy reaches full speed, companies must work smarter and with more efficiency to remain competitive and retain valuable talent. 

"Ceridian's overall goal is to help our customers make more informed decisions about cost strategies and how they compare to their peers," explains Taylor. "The tool also helps companies determine if their organization is top heavy when it comes to its management reporting structure." 

With effective benchmarking tools, companies can set organizational targets that reference not only what they think they should be but what others are doing by comparing: 

  • People costs
  • Management efficiency
  • Active U.S. and foreign employees
  • Check count
  • Overtime as a percentage of gross
  • Annual 401K contribution and participation rates
  • Benefit cost sharing
  • Health carrier costs
  • Average base salary
  • Gender
  • Ethnicity
  • Tenure
  • Termination rate

As a leader in your company, you need the latest cost-saving technology and real-time insight into the issues affecting your industry and discipline.