Administration is Killing Productivity
by Sharlyn Lauby for HR Bartender
Organizations could be undermining their engagement and productivity efforts with too much administration, according to a new research report from Kronos titled “The $687B Question.” While I would encourage you to download the full report for details, the big takeaway is that the estimated potential opportunity cost of time wasted on unnecessary administration is – you guessed it – $687 billion. Which equates to roughly $4,500 per employee per year.When you look at what the specific issues are, the areas of difficulty (and complexity) were similar across countries as well. The top difficulties (with over 50% of respondents in each country rating it as an issue) were:1. Not enough staff. It’s true – recruiting has gotten tougher. Organizations are going to have to step up their sourcing strategies to find the best talent. Even if that means developing talent from within. Recruiting needs to be more about action and less about paperwork.Read More →