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The latest HR metrics from the Society for Human Resource Management’s (SHRM) 2010 Human Capital Benchmarking Database reveal that HR departments struggled with smaller budgets and curtailed spending. On a brighter note, more now expect their organizations to begin hiring again as revenues pick up.
In March 2010, SHRM surveyed a sample of HR managers and higher-level HR executives from among its members across a range of industries, and analyzed data based on 1,675 responses. Among the key findings revealed by comparing the 2010 data (reflecting fiscal year 2009) with that of SHRM’s March 2009 survey (reflecting fiscal year 2008):
Customized benchmarking reports based on industry and employee size, drawing from the 2010 database, are now available through the SHRM Customized Benchmarking Service at www.shrm.org/benchmarks (a discounted price is available for SHRM members). Customized reports focus on three areas: human capital, health care, and retirement and welfare benefits.
“As the recovery gains momemtum, it will be important to know what new benchmarks exist in a post-recession economy so that your firm can be competitive,” said John Dooney, manager of strategic research for SHRM and project manager for the SHRM benchmarking service.
Types of HR Positions Organizations Expect to Hire for in the Coming YearPercentage of respondents answering affirmatively.
Director or above
Source: SHRM’s 2010 Human Capital Benchmarking Database
Stephen Miller is an online editor/manager for SHRM.
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