UK organisations are better at gathering and using insights about their people compared to many of their peers in Europe, new research finds.
A survey of around 1,400 companies in eight European countries was conducted by SD Worx to explore how well businesses are managing their HR operations.
Overall, a quarter (26 percent) of businesses in Europe confess they have little or no insight into their HR and personnel costs. In addition, three in 10 (29 percent) are unable to monitor how well their people are performing, yet over a third (35 percent) of companies feel pressure to reduce HRM and personnel costs. By contrast, 80 percent of UK businesses say they do have access to this type of data.
Bottom of the list when it comes to monitoring HR and personnel cost data were France and Austria, where 44 percent and 41 percent respectively say they have little or no insight into this information.
The survey found that the same is true when it comes to measuring business efficiency: a large number of organisations across Europe struggle to evaluate staff performance. Austria saw the greatest number of companies with little or no information into employee efficiency (41 percent), followed by over one-third of businesses in France (34 percent). Again, the UK was ahead of the game with three-quarters of firms questioned (77 percent) saying they have a good or a very good overview of their business efficiency.
The survey also examined which aspects of HR and personnel costs companies pay most attention to when it comes to analysing costs and performance. Across Europe, the results show that four-fifths (81 percent) closely monitor their employees’ total salary costs, while 79 percent also look at the total personnel costs. The costs of social consultations, such as talks with trade unions, are only closely monitored by 51 percent of the companies surveyed.