ROI no 1 priority for HR professionals
A study commissioned by PMI Health Group has found that demonstrating return on investment is the number one priority for HR professionals over the next 12 months. Research, conducted on PMI’s behalf by Imperial College Business School found that more than a third (35 per cent) consider ROI validation for their decisions their biggest concern. This was followed closely by the need to implement new systems, such as IT and flexible benefits (30 per cent), with 28 per cent saying they would be looking to save money on employee healthcare support costs.
“Business confidence may be returning but HR professionals remain under pressure to demonstrate the value of the HR function,” said Mike Blake, Director at PMI Health Group, the largest independent provider of employee health risk management.
“Employee healthcare programmes are often considered as a nice to have rather than a strategic imperative by business leaders – but a healthy workforce can contribute to a healthy bottom line. With appropriate evaluation frameworks in place, the returns can be measured to reassure CEOs and CFOs.”
Thirty-nine per cent of practitioners said they needed expert advice on how to run a successful corporate wellbeing scheme, with three-quarters using specialist advisors to help select employee healthcare products. Almost a quarter (24 per cent) look for information from the HR press to help select healthcare providers.