Human Resource strategy should include important financial components that evaluate costs and revenue impact as well as competitive practices. A successful, proactive Human Resource strategy improves profitability and provides a competitive edge. All too often, HR decisions ignore the competitive environment.

A smart financial assessment quantifies the impact of business and HR decisions in relation to key competitors. In addition, the assessment provides a clear understanding of competitive approaches and identifies ways to improve profitability by changing structure, processes, and practices.

Projects can involve:

• External analyses including competitor intelligence and strategies, benchmarking costs/productivity, compensation and incentives, competitive business models and structures, and forecasts of competitor financials



• Internal analyses that quantify organization/structure/staffing changes, sales productivity, functional productivity, process redesign, cost saving investments, and distribution alternatives