A new study indicates that companies with strong core HR practices have revenue growth that is up to 3.5 times higher than that of their peers and profit margins that are 2.1 times better. The study looked at 22 HR areas and focuses on just six with the greatest tie between economic performance and a company’s capability. These areas are recruiting, on-boarding of new hires and employee retention, talent management, employer branding, performance management and rewards, and leadership development. However, the highest performing companies particularly differentiate themselves in three of these areas—leadership development, talent management, and performance management and rewards.
Content: Article
Author: Joanne Sammer
Source: Business Finance Magazine
Subjects: Finance, Human Resources
Author: Joanne Sammer
Source: Business Finance Magazine
Subjects: Finance, Human Resources
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