How can these company expenses be reduced from the human resources department? What measures can be taken?
Start of marked textTWEET IT! Find out how to recognize and reduce a company's main expenses from the human resources department.End of marked text
In the human resources department, there are obvious company expenses , such as those related to hiring staff.
But there are also other, less obvious, problems that affect the company, such as employee demotivation, sick leave, failure to comply with work schedules, or ineffective administrative processes.
Controlling and optimizing these elements can canadian biotechnology email list help reduce a company's expenses related to the human resources department.
What expenses does the human resources department have?
To control a company's expenses related to the human resources department, the first thing to do is to identify them:
High turnover rate . When a company has a high turnover rate, a series of expenses and inconveniences occur that the company must control: hiring and training costs; loss of productivity and reduction of profits, among others.
Lack of employee motivation . According to the Hays Spain Labour Market Guide 2022 , 54% of respondents say they do not feel motivated by their work. Employee demotivation leads to reduced performance, increased sick leave and lower productivity in the company.
54% of employees surveyed say they do not feel motivated by their work, according to a study by Hays Spain.
Absenteeism . The cost of absenteeism increased by 30% between 2018 and 2021 , according to a study by Madrid Foro Empresarial. Employee absences have an impact on activity, so it is necessary to measure them and know the cause in order to avoid increased costs.
Non-digitalized processes . The human resources department carries out a multitude of processes that, if not digitalized and automated, represent a great cost in time and resources. According to a study by Kienbaum , human resources staff spend 39% of their time doing administrative tasks.
