A study by research and consulting firm Bersin & Associates shows that as the economy improves, U.S. organizations have begun reinvesting in human resources services and staffing.
The report, "The HR Factbook 2011: Executive Summary," found that on average organizations spent $1,218 spent per employee, an increase of 1.4 percent from last year going toward HR programs, services and systems.
Putting some of the funds toward more staff, hiring increased an average of 1.8 percent this year. About 60 cents for every dollar invested went to core services such as compensation, benefits, payroll and employee relations, according to the study. Nearly one-third of HR budgets went to developing talent management, as organizations invested more in recruiting and development initiatives.
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Josh Bersin, chief executive officer and president of Bersin & Associates said that the increase in HR spending "shows how businesses around the world are rapidly starting to rebuild their talent pipelines and cores services to engage and retain people."
The full report will be released later this month. For more details, go to www.Bersin.com/hrfactbook2011
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