Activity Based-Costing
During the project, we build an Activity-Based Costing model
for specific HR programs--identifying the functional event,
documenting individual task owners and calculating the financial
investment (e.g. salary, time and technology costs). Short-
and long-term plans are then developed for transforming or
evolving the overall transaction.
Identifying Savings
We suggest evaluating the project's value by assessing
the positive impact in these areas:
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Material Costs:
- forms and paper distribution
-
Process Improvement:
- time=people=money
(user and support)
- transaction integrity, re-work
- staff reassignment
-
Vendor Integration:
- best practice, price and
functional fit
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In the onboarding process shown below, we have identified
manual steps that can be automated via self-service technology--as
well as areas where paper administration can be eliminated
or reduced. This approach minimizes time and expenses associated
with every step of this transaction.
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