HR Case Study 4
Electric Product Manufacturer and Distributor Saves $1.35 Million
Providing value to its clients since 1993, Shared Time Human Resources Management, Inc. is a value-oriented human resources solutions company. Through private consulting and custom-designed systems, STHRM, Inc. presents a high-value/low-cost solution to fixed-cost human capital issues. STHRM, Inc. staff has more than 30 years of corporate human resources experience with Fortune and Inc. 500 companies as well as privately owned businesses.
The client is a privately held company that manufactures and distributor electric products. The challenges arose from the deteriorating economy.
Shared Time Human Resources Management, Inc. was hired in the capacity of an Interim Director, Human Resources.
Shared Time Human Resources Management, Inc. accomplished the following objectives:
Performed a comprehensive analysis of the present state of Human Resources effectiveness
Developed and executed a salary reduction in force (RIF)
Assisted with guidance in preparing for labor contract negotiations and strike contingency planning
Completed an hourly workforce reduction in force resulted • Revised and updated the Company’s Ethics Policy
Developed and implemented an Office Performance Management System for both exempt and office clerical employees
Developed and implemented HR Scorecard to track HR metrics
Clerical positions were rated as exempt therefore misaligned to FLSA and re-evaluated as non-exempt
Successfully handled/concluded various employee relations issues
Shared Time Human Resources Management, Inc. provided client operating income improvement through savings of $1,135,000.