Paychex, Inc., a leading provider of payroll, human resource, and benefits outsourcing solutions for small- to medium-sized businesses, released an infographic today based on survey data that details how U.S. companies with 50 to 100 employees are boosting the productivity of their workforce by improving human resource functions.
Paychex Infographic: U.S. Companies Improve HR Functions to Boost Workforce Productivity“Because of the new economic reality, American companies are doing more with less by focusing more of their time and resources on improving productivity and efficiency,” said Paychex president and CEO Martin Mucci. “As our new infographic details, human resources are playing a greater role in maximizing productivity, and technology is one of the primary tools being used to make that happen. Paychex demonstrates its commitment to delivering the tools America’s businesses need by investing in next-generation technology. Our comprehensive suite of fully scalable workforce solutions automates the management of the employee lifecycle through a single web-based client portal that saves administrators time, while providing the control, flexibility, and reliability their organization requires.” The new Paychex infographic is available for download and embedding at https://www.paychex.com/secure/one-source-solutions/cfo-request.aspx. In addition to the data detailed in the new Paychex infographic, the Human-Capital Strategies in a Slow Recovery survey provided the following additional data: When respondents were asked, “To what extent does your company plan to increase or decrease hiring over the next two years?”, 64% of companies answered that they would increase substantially or modestly while 25% of companies answered that they would stay the same. Only 10% of companies said they would decrease modestly, 0% decrease substantially, and 1% were not sure. Going a step further, when companies were asked about their primary motivations for hiring over the next few years, 54% of respondents cited “increase production/sales capacity,” 40% cited “acquire specialized knowledge, expertise, or technical skill experience,” 18% cited “acquire specialized management skill/experience,” 18% cited “increase capacity in support functions,” while only 11% cited “other” or “not sure.”