We’re just past mid-year 2015 and this may seem like dated information, but it really begs an important question. Do you get a superior ROI from your data management and reporting investment, including the vial data security component, by slogging ahead and increasing headcount to do work you can cost-effectively outsource?

The recently released PwC Saratoga Human Capital Effectiveness benchmarks represent 2014 calendar year data from the US entities of 435 participating organizations covering a range of industries, company sizes, and revenue. All results shown reflect median benchmark values across participating organizations.

Return on workforce investment is declining.

A critical measure of workforce productivity, Labor Cost Revenue Percent, rose from 28.2% to 29.9%, indicating a decline in return on workforce investment. Though productivity has remained high in post-recession years, it is leveling off after several years of consistent increases; the decline in Labor Cost Revenue Percent 2 was primarily driven by a decrease in Revenue per Full-Time Equivalent (FTE) (From $404,058 to $370,552). Despite a drop in Labor Cost per FTE (from $102,294 to $98,988), companies earned less revenue on their investment.  Organizations may be hesitant to continue to invest in talent the way they were as the economy bounced back  Several years prior; however, this lack of investment may cause productivity to decline over the long term.

Our ETL Plus* and custom application development skills allow our analysts to mix and match data sets as needed. We can blend internal with external data sources to establish historical trends and project need and demand, which are the backbone of any feasibility study. Additionally, we can help you monitor trends, measure progress toward a quantitative goal or flag shifts in your market or business operations. Call us to start a conversation that can enhance your data management investment while keeping you ahead of your competition.