July 2012
Beginner to intermediate
328 pages
7h 28m
English
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Chapter 7.
HR Costs and ROI
The cost of providing HR programs is on the rise, increasing the pressure for HR managers to know how and why money is spent. Managers need to know the total cost of an HR program, meaning that the cost profile must go beyond direct costs to include all indirect costs as well. When using HR program costs in the ROI formula, it is important to understand that cost accumulation and tabulation steps are required, as is knowing which costs are necessary in the calculations and economical ways to develop cost data.
Cost Issues
Tabulating HR program costs is an essential step in developing the ROI calculation. Fully loaded cost information is needed to manage resources, develop standards, measure efficiencies, and examine ...
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I'm always learning. So when I got on to O'Reilly, I was like a kid in a candy store. There are playlists. There are answers. There's on-demand training. It's worth its weight in gold, in terms of what it allows me to do.