HRO Today Unveils HR100 Ranking Highlighting the Link Between HR Excellence and Business Success
TL;DR
Top-ranked HR departments in HRO Today's HR100 show a 41.6% higher median EBITDA per employee, offering a clear competitive edge in financial performance.
HRO Today's HR100 ranks companies based on aggregated scores from eight core HR areas, using data from 55 benchmarking programs for a comprehensive evaluation.
The HR100 highlights how excellence in HR practices like diversity and employee development fosters a better workplace and drives societal progress.
Discover how the top 100 HR departments, as ranked by HRO Today, leverage innovation and culture to outperform in revenue and growth metrics.
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HRO Today has introduced the HR100, a comprehensive ranking of the top 100 HR departments, based on an evaluation of nearly 1,000 companies across eight core areas: workplace culture, employee benefits, diversity and inclusion, employee development and talent management, human resources innovation, leadership development, talent acquisition, and employer brand. This initiative fills a gap in the HR industry by providing a definitive source for identifying companies with outstanding HR departments.
The methodology behind the HR100 involves aggregating and weighting data from 55 established benchmarking and ranking programs, ensuring a balanced consideration of both external recognition and internal achievements. This approach results in an index that accurately reflects overall HR excellence. The findings underscore the significant impact of HR excellence on business success, with top-ranked companies outperforming their lower-ranked counterparts in key financial metrics.
Notably, companies in the top 25 of the HR100 boast a median EBITDA per employee of $152,000, compared to $99,626 for those in the bottom 25, marking a 41.6% difference. Similarly, the average two-year revenue growth for top-tier companies is 12.0%, versus 9.0% for those at the lower end of the spectrum, highlighting a 28.6% disparity. These figures illustrate the tangible benefits of investing in HR excellence, further evidenced by the complete ranking of the HR100.
The correlation between HR excellence and business performance is clear, with top-performing HR departments driving superior financial outcomes. This ranking not only serves as a benchmark for HR excellence but also as a guide for companies aiming to enhance their HR practices and, by extension, their overall business success.
Curated from Newsworthy.ai
