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Know what your people deliver.

Not just what
they cost.

An HR economics model that shows the return on your staff costs over time – and whether the level matches the value you create.

Built on thirty years of Swedish research and practice in the economics of people · Part of Heartpace

Trusted by 1,000+ companies using Heartpace HR.

Problem

You know what your people cost, but not whether the cost is reasonable against what it delivers. Without a model, the budget discussion comes down to instinct – the Reactive Trap in its most expensive form.

Solution

Productivity Analysis weighs staff cost against productivity and shows where the resources pay off – and where there is room to deploy them differently.

See the return on your largest cost item.

Find where resources are wrongly distributed.

Evidence that holds up in the budget discussion with the CFO.

How it works

1. Data connection

Staff costs and productivity measures are read in.

2. Modelling

Cost is weighed against output using an HR economics model built on thirty years of Swedish research and practice in the economics of people.

3. Recommendation

You see where the levels are reasonable – and where they are not.

“The Productivity Analysis gave us a clear answer regarding the value of our staff costs. The analysis showed that the majority is productive and contributes to the organization's results, which we are extremely proud of. Most importantly, it gave us a better basis for decision-making to invest in the right initiatives — those that actually make a difference, both for wellbeing and engagement and for achieving our business-critical goals.

For me as HR Director, the analysis was also an important confirmation that we work with issues that create real value. It became clear to the entire management team and gave me both credibility and momentum to continue driving business-aligned HR work where people and results go hand in hand.”

Ia Hedenström

People Director, Modity Energy Trading AB

FAQ

What is HR economics?

Treating people as an investment rather than a cost item. Instead of asking what salaries cost, it asks what they return — and makes the answer comparable over time, so a workforce investment can be discussed in the same terms as any other.

Who is this for?

HR leaders and decision-makers who need to argue workforce strategy in financial terms.

What data is required?

Your existing staff cost and production data – no new measurements.

How is this different from Benchmarking?

Benchmarking sets your figures against the industry. Productivity Analysis looks inward: cost against output in your own organisation.

Does it depend on Swedish data?

No. The model works on your own figures, so it applies wherever you operate. The Swedish benchmark database is what the other pages compare against; this one does not need it.

Explore our Indices

Compare your organisation with the industry, and turn your HR data into results you can show.

Ready to see what your people deliver?