In today’s economy, organizations are focused on efficiencies and costs. Including the Fortune 500™ organizations, total human capital costs, or total cost of workforce, is nearly 70% of operating expenses.
While human capital costs may vary, they remain the single biggest organizational expense. Given their fluid and rapidly changing nature, human capital costs are extremely difficult to manage and control. Even the best organizations lack the tools with which to properly manage their workforce costs.
This white paper sheds light on the Total Cost of Workforce and how you can be ready to manage it.