Employers plan to rely on better human resources functions to leverage improved employee performance and productivity, according to a recent survey and infographic by Paychex Inc., a provider of payroll, HR and benefits outsourcing solutions for small- to medium-size businesses.

"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," says Martin Mucci, president and CEO of Paychex. "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."

To improve HR functions, 64 percent of respondents say they would substantially or modestly hire, and 25 percent of respondents say they would keep hiring at its current pace. Only 10 percent of respondents report that they would modestly cut back on hiring.

Continue Reading for Free

Register and gain access to:

  • Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.