ALPHARETTA, GA--(Marketwire - Feb 13, 2013) - Each year, once the CedarCrestone HR Systems Survey closes, CedarCrestone identifies the publicly traded survey respondents and collects their financial metrics. Fifty highly successful organizations were recognized along with their key HR practices. The list and recommendations are found in CedarCrestone's report, "The Seven Practices of Top Performing Organizations," made available today on our Research page. The differences between this top cohort of organizations and others are striking and consistent.
Top performing organizations, by definition, outperform financially. They also maximize the value of their HR technology investments and control costs.
Top Performers have more technology in place than other organizations (Practice #7). They make an active effort to maximize the strategic value from each solution. They standardize, improve and transform their business processes (Practice #1). They use sophisticated and pervasive change management programs to ensure success (Practice #1). Combined, process improvement and change management ensure that employees and managers are maximizing self service options (Practice #4), taking the burden from the HR department and more importantly empowering employees. These organizations go a step further in leveraging their HR technology investments by implementing leading-edge business intelligence solutions and putting decision-making tools in the hands of managers to improve the quality and impact of their decisions (Practice #6).
Keeping Costs Under Control
Top Performers have more technology and spend less on technology per employee (Practice #7). Their up-front process work means they can avoid customizations (Practice #3) and the costly implementations that go with a highly customized system. They are leading the way in implementing SaaS HRMS solutions, achieving a reduced total cost of ownership from these solutions both in outright expenditures and staffing (Practice #2). They leverage their existing HRMS solutions by implementing an integrated talent management solution on the same platform (Practice #5). These strategic technology decisions enable Top Performers to make the most of their technology budget.
CedarCrestone delivers industry-focused client success by providing consulting, technical, and managed services for the deployment, management, and optimization of next-generation applications and technology.
Note to editors: The findings in The Seven Practices of Top Performing Organizations can be used verbatim with attribution to CedarCrestone.