ASHHRA / PwC SaratogaTM HR Metrics Tool

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Presentation transcript:

ASHHRA / PwC SaratogaTM HR Metrics Tool www.pwc.com/peopleanalytics ASHHRA / PwC SaratogaTM HR Metrics Tool PwC SaratogaTM Benchmarking brings workforce data to the hands of business leaders to help you make informed talent decisions. ASHHRA, in collaboration with PwC SaratogaTM, formally invites its members to participate in the HR Metrics Tool. The mission of this collaboration is to enable ASHHRA members to benefit from PwC SaratogaTM’s expertise in HR analytics and knowledge of the healthcare industry in order to obtain relevant benchmarks for workforce and HR metrics. 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 healthcare industry. PwC Saratoga has worked with hundreds of leading hospitals to benchmark HR metrics and provide thought leadership. Metrics on the survey include: Retention and Separations Turnover Rate Voluntary Separation Rate Nurse Voluntary Separation Rate First Year of Service Turnover Rate Nurse First Year of Service Voluntary Separation Rate Average Tenure Workforce Diversity Ethnically Diverse Headcount Percent Ethnically Diverse External Hiring Percent Compensation & Benefits Labor Cost per FTE Average Benefits per Employee Healthcare Costs per Active Employee Workforce Productivity and Profitability Workforce Employees Operating Cost per FTE Labor Cost Expense Percent Nurse Overtime Pay Percent HR Cost and Structure HR Costs per Employee HR Headcount Ratio Learning & Development Investment per Employee Staffing and Hiring Internal Hires Percent Cost per Hire (excluding relocation) Time to Accept Nurse Time to Accept Vacancy Rate Bedside Nurse Manager Span of Control SaratogaTM online tool: Data entry – sample view with standard definitions Pricing: HR Metrics Tool pricing is based on organization headcount: Headcount Size (# of employees) Standard Fees Up to 2,500 $650 2,501-3,500 $1,200 3,501-5,000 $2,250 5,001-7,000 $5,500 7,001+ $7,000 Benchmark reporting – sample views Our user-friendly online tool allows for easy data entry based on our standard definitions and comparisons of your results against benchmarks. Peer group comparisons provide you with the ability to evaluate your organization’s performance against others – based on attributes such as industry, headcount size, and revenue size.

Additional PwC SaratogaTM Benchmarking Options www.pwc.com/peopleanalytics ASHHRA / PwC SaratogaTM HR Metrics Tool Benefits of your HR Metrics Tool membership include: Gain a better understanding of the HR function including areas of strength and opportunities for improvement Consistently measure metrics significant for the healthcare industry Benchmark directly with your health care peers in a confidential manner Access personalized reports with the ability to review data by a variety of segments Standard ASHHRA / PwC HR Metrics Tool Participate in the industry benchmarking survey and receive standardized scorecards and reports Hospital Consortium Benchmarking Program Hospital systems of 4,000 employees or more can upgrade to receive a wider array of benchmarking data Custom Results Read-out PwC workforce analytics experts can create and present a custom report of your organization’s results Additional PwC SaratogaTM Benchmarking Options Visualization & Dashboards Select the right metrics to track in your organization, and visualize your data and advance your analytics Kristina Dunphy (415) 498 7078 kristina.dunphy@pwc.com  Ferdinand Libunao (312) 422-3724 flibunao@aha.org Shebani Patel (408) 817 7445 shebani.patel@pwc.com Talia Rozensher (267) 330 2561 talia.rozensher@pwc.com Contact us to discuss becoming an HR Metrics Tool member! Inquire to learn more about our other services such as dashboards, HR assessments, workforce surveys, advanced talent/predictive analytics, and people analytics capability development © 2017 PwC. All rights reserved. PwC refers to the US member firm or one of its subsidiaries or affiliates, and may sometimes refer to the PwC network. Each member firm is a separate legal entity. Please see www.pwc.com/structure for further details.