From Pre-Hire to Retire: Why a Total Approach to Human Capital Management Makes Sense for Schools
Teachers, support staff, and other employees are a school system’s most valuable assets. Day in and day out, they work long hours to ensure that all students are safe, supported, and well educated. However, this human capital is also quite costly, as payroll and benefits make up the vast majority (70% to 90%) of school district budgets.
Keeping employees happy is essential to retaining them and getting their best effort. But achieving this goal while also managing expenses can be challenging. How can school districts retain employees while keeping costs down? It starts with better human capital management (HCM). This white paper explains what a total approach to HCM entails and how school systems can benefit from this strategy.
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