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November 17, 2010
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.
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.
The Hackett Group (NASDAQ: HCKT) is an intellectual property-based strategic consultancy and leading enterprise benchmarking and best practices implementation firm to global companies, offering digital transformation and enterprise application approaches including a robotic process automation and cloud computing. Services include business transformation, enterprise performance management, working capital management and global business services. The Hackett Group also provides dedicated expertise in business strategy, operations, finance, human capital management, strategic sourcing, procurement and information technology, including its award-winning Oracle EPM and SAP practices.
The Hackett Group has completed more than 13,000 benchmarking studies with major corporations and government agencies, including 93% of the Dow Jones Industrials, 87% of the Fortune 100, 87% of the DAX 30 and 58% of the FTSE 100. These studies drive its Best Practice Intelligence Center™ which includes the firm's benchmarking metrics, best practices repository and best practice configuration guides and process flows, which enable The Hackett Group's clients and partners to achieve world-class performance.