Exposing the Hidden Costs
CEO Executive Brief
How much is HR really costing?
People are not just a company’s most valuable asset, they are also its biggest cost. Business leaders often have little idea of the total cost of ownership (TCO) of people-related processes such as payroll, time and attendance, HR data administration, and talent management.
More than meets the eye
Clearly visible costs include the initial investment in payroll and other HR systems, along with the salaries and benefits of employees who operate these systems. But these costs are just the tip of the iceberg.