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The ROI of Your Labor Force: Optimize Your Most Important Asset
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The workforce is more than the aggregate of all employees—the workforce is the engine of operations. As your largest single controllable expense and largest driver for value creation, your workforce as a whole must be managed optimally. This workforce optimization provides the two key ingredients of strategic HR. It provides the real-time labor input for core HR efforts, while also producing the measurable business impact that HR needs to deliver.
Leading HR organizations have driven real returns by extending their reach to the front lines of people processes. As investors increasingly scrutinize measures like profit per employee and labor cost as a percentage of revenue, the need for HR to measure its business impact in dollars has never been more intense.
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