Pictured launching the PwC Inaugural Workforce Metrics Study at the American Chamber HR Leadership business breakfast hosted by Google are
(l-r): Miriam O'Keeffe (American Chamber of Commerce), Helen Tynan (Director of HR Operations, Google) and Ciara Fallon (Director, Advisory People and Change, PwC).
New PwC Ireland Inaugural study on human capital metrics amongst American Chamber of Commerce Ireland companies shows a productive workforce with high levels of HR support. The key findings are as follows:
Speaking at the survey launch, Ciara Fallon, Director, People & Change, PwC Ireland, said: "We all know that HR has a vital role in driving and facilitating the people strategy within an organisation. One of the ways that some HR leaders are achieving this is through the effective use of Human Capital analytics. This involves using wide ranging people data to predict workforce trends and behaviours and to drive strategic decision-making and proactive talent initiatives."
"In many areas, organisational analysis often overdoes data collection and underdoes analysis and action. In the case of Human Capital analytics, some organisations even struggle to capture, and report on, vital workforce data. The challenge now for many HR leaders is to grasp the HC nettle, untap the flow of the 'right' people data and develop the HR Function's capability to contribute to evidence based decision-making about the workforce. Organisations that get it right enjoy a better return on their people investment and are better equipped to take advantage of all business opportunities."
Dorothy Kelly, Chair of the American Chamber’s HR Leadership Group and Senior HR Director with Medtronic, welcomed today’s results saying "US investment in Ireland is a vital component to our economy. One of the prime reasons, US companies have grown their employment in Ireland to over 115,000 is the calibre of our people. This research evidence further underlines the quality within the Irish workforce, and that in addition to being highly educated, we are a hardworking and productive workforce. This presents a compelling case to any potential investor.”
Notes to editors:
|Cost per FTE (all medians)|
|Western Europe: €162,594|
|Central & Eastern Europe: €123,981|
|Remuneration as % of costs|
|Western Europe: 24.5%|
|Central & Eastern Europe: 13.2%|
|Western Europe: €35,532|
|Central & Eastern Europe: €16,164|
|Profit per FTE (all medians)|
|Western Europe: €4,021|
|Central & Eastern Europe: €9,514|
|US : €27,474|
|Human Capital Return on Investment (HCROI)|
|Western Europe: 1.11|
|Central & Eastern Europe: 1.57|
Human Capital Return on Investment = (Profit – Total Remuneration) / Total Remuneration
|Western Europe: 4.0%|
|Central & Eastern Europe: 4.3%|
|Western Europe: 13.2%|
|Central & Eastern Europe: 16.7%|
|FTE’s per HR FTE|
|C&E Europe: 93|
|Western Europe: 88|
PwC helps organisations and individuals create the value they’re looking for. We’re a network of firms in 158 countries with more than 180,000 people who are committed to delivering quality in assurance, tax and advisory services. Tell us what matters to you and find out more by visiting us at www.pwc.com..
PwC refers to the PwC network and/or one or more of its member firms, each of which is a separate legal entity. Please see www.pwc.com/structure for further details.