How benchmarking can be used as an excuse and how it costs you money

Many times benchmarking is used as an excuse not a challenge

For instance: industry employee turnover is 43% and the company turnover is 42.9%

So it is all GOOD!!

Too often, I see this problem in HR. Benchmarks should be a challenge:

COMPARE TO THE BEST number in the industry - NOT the average
CONSTANT IMPROVEMENT should be an OBSESSION
STRATEGIES and PLANS would be developed and implemented
RESULTS not excuses would be REQUIRED
ENORMOUS VALUE through HARD DOLLARS would be achieved

Many HR professionals need help in learning how to make this happen

People Profits 18: The Chief HR Officer should have the same degree of impact as the CFO - but seldom does

FREE Human Capital assessment

Click here to read: The People Profits Mystery - Transforming HR into a Profit Center

People Profits case study: Challenging the accepted conventional wisdom can be difficult - BUT VERY REWARDING!! Employee turnover can be reduced further. Productivity can be increased. Engagement can be increased further. Recruiting can be accomplished using internal resources. HR costs can be reduced while producing more. Constant improvement is the accepted norm in other organizational functions. HR has been reticent to accept those concepts. When HR does accept the responsibility and the challenge - ROI and realized value is staggering.