In early 2020, most organizations were prioritizing growth, but more than 33% of HR leaders expect their budgets to decrease in 2021.
This report, based on our 2020 HR Budget and Stafﬁng Benchmarking Survey, provides relevant peer benchmarks around HR functional and subfunctional costs, HR efﬁciency, and HR budget and stafﬁng allocation ratios, and anticipated budget changes to help HR leaders:
- Identify potential areas of overinvestment or underinvestment
- Pinpoint areas to adjust spend or optimize HR functional cost
- Pinpoint areas for reinvestment to drive HR functional efﬁciency
Download the research to understand the influence of current cost pressure on HR functional budget forecasts for 2021.