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Businesses Can Improve Bottom Line with New Payroll Metrics Portal
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Atlanta, November 17, 2010 – The American Payroll Association and The Hackett Group (NASDAQ: HCKT) have teamed up to make it easy for companies to fine tune their payroll processes, enhance workforce management, and improve their bottom line.
The APA and The Hackett Group have launched a new Payroll Metrics Portal (www.payrollmetrics.org) designed to help companies gain a deeper understanding of the payroll and workforce management processes performance measures of leading organizations like Starbucks, Wolters Kluwer, and NYU Langone Medical Center. The portal, which contains select metrics from The Hackett Group’s industry-leading benchmarking efforts, can help companies better understand the potential efficiency and effectiveness levels of their payroll operations.
“Metrics are an important tool to provide a view into the ‘health of your organization’ and identify areas to focus improvement initiatives,” said Linda Obertin, vice president of Fidelity Investments and President of the American Payroll Association. “Whether you are just starting to measure and develop your baselines or are already on the journey to world class, APA’s Payroll Metrics Portal is the place to go for current industry data.”
The Payroll Metrics Portal is the first and only public tool to provide access to select Hackett payroll metrics. The Hackett Group's metrics are based on data collected from nearly 500 companies from around the world since 2007. Businesses can use the site’s case studies, webinars, events, and white papers to achieve optimal performance.
“Today’s payroll organization is a strategic business partner that contributes to the bottom line by paying employees in the most accurate and timely manner using the most efficient and effective processes,” said Felicia Cheek, Program Leader of The Hackett Group’s Global Time-to-Pay Advisory Program. “Detailed and accurate payroll metrics data is incredibly important for businesses that want to stay at the top of their game, not only in America but across the globe.”
The Payroll Metrics Portal is available at www.payrollmetrics.org.
About APA
Established in 1982, the American Payroll Association (APA) is the nation's leader in payroll education, publications, and training. The nonprofit association conducts more than 300 payroll training conferences and seminars across the country each year and publishes a complete library of resource texts and newsletters. Every year, nearly 20,000 professionals attend APA training sessions. Representing more than 22,000 members, APA is the industry's highly respected and collective voice in Washington, D.C.
Visit APA online at www.americanpayroll.org.
About The Hackett Group, Inc.
The Hackett Group (NASDAQ: HCKT), a global strategic business advisory and operations improvement consulting firm, is a leader in best practice advisory, business benchmarking, and transformation consulting services including strategy and operations, working capital management, and globalization advice. Utilizing best practices and implementation insights from more than 5,000 benchmarking engagements, executives use The Hackett Group's empirically-based approach to quickly define and implement initiatives to enable world-class performance.
Through its REL group, The Hackett Group offers working capital solutions focused on delivering significant cash flow improvements. Through its Archstone Consulting group, The Hackett Group offers Strategy & Operations consulting services in the Consumer and Industrial Products, Pharmaceutical, Manufacturing and Financial Services industry sectors. Through its Hackett Technology Solutions group, The Hackett Group offers business application consulting services that help maximize returns on IT investments.
The Hackett Group has completed benchmark studies with 2,700 major corporations and government agencies, including 97% of the Dow Jones Industrials, 73% of the Fortune 100, 73% of the DAX 30 and 50% of the FTSE 100.
More information on The Hackett Group is available: by phone at (770) 225-7300; by e-mail at info@thehackettgroup.com.
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