Labor Cost Benchmarking
Ensure your dollars make sense
Understand your labor cost breakdowns and uncover more concrete pathways toward financial sustainability.
.png)
Top-notch staffing backed by data-driven proof
Staffing and labor costs consume upwards of 60 percent of most institutions’ budgets. With that much financially at stake, institutions must create data-driven rationales for role investments, identify labor opportunities, pinpoint departmental hiring impacts, and explore cost-saving measures least likely to affect institutional priorities. Plus, accreditation boards value tangible evidence of financial sustainability.
See deeper, accomplish more
Hiring and maintaining the right staff is no simple task. Without deep analytical insights, how are you to know if staff are allocated effectively, aligned with strategic planning, and creating the desired impact they are tasked with accomplishing? Your team needs the capability to observe how resources and labor are aligned, investigate the effect of labor investments over time, and ensure you’re supporting the correct strategies for the health of the institution.
Crucial queries, satisfied
How cleanly can your institution assess the overall quality of critical administrative services? How quickly can your team identify the most effective course of action to avoid further lowering student satisfaction by accidentally reducing staffing in a struggling office? Does your school possess the technical capability to synthesize holistic data to unearth connections across campus? A benchmarked view of labor costs tied directly into satisfaction surveys provides you deeper actionable insights and trends over time.
Confidently know you can afford the best
The employment marketplace has only become more intense within the education industry. How can you ensure your institution has the financial means to compete for lucrative IT talent against the private sector? How can you knowingly afford to retain top staff without the technical ability to ensure every dollar is working its hardest toward its allocated purposes? Gain clear insight into how your labor costs are directly impacting budget, strategic planning, and overall campus health through labor cost benchmarking.
Sage, simple, spot-on
Tap into deeper insights
Transform financial planning
Labor Cost Analytics
Shine a light on hidden costs within your staffing. When institutions look beyond traditional org structures to an activity-based approach, they're able to calculate the true cost to perform job functions and services. This lens provides a more nuanced view of your workforce to help identify areas to invest, efficiency leaks, and centralization opportunities.
-
Understand and evaluate administrative spend in any model–centralized or decentralized.
-
Support student success with the insights you need to assess quality and costs.
-
Help HR optimize staffing costs when considering hiring requests, employee retention efforts, and succession planning.
- Benchmark your labor costs and uncover comparisons with our member institutions or internally to guide priorities.
Transform financial planning
Labor Cost Analytics
Shine a light on hidden costs within your staffing. When institutions look beyond traditional org structures to an activity-based approach, they're able to calculate the true cost to perform job functions and services. This lens provides a more nuanced view of your workforce to help identify areas to invest, efficiency leaks, and centralization opportunities.
-
Understand and evaluate administrative spend in any model–centralized or decentralized.
-
Support student success with the insights you need to assess quality and costs.
-
Help HR optimize staffing costs when considering hiring requests, employee retention efforts, and succession planning.
- Benchmark your labor costs and uncover comparisons with our member institutions or internally to guide priorities.
Request a Demo
HelioCampus gives you a clear line of sight into financial risks and opportunities within your institution related to labor costs, long-term financial sustainability, and alignment with your strategic plan. Let us help you uncover unseen trends and insights that can inform your annual planning, budget cycles, and workforce planning.
