The link between HR and profit is proven
A study based on results from nearly 1000 companies showed higher performance work practices had a significant positive impact on corporate financial performance. The study went on to note that recruiting methods, incentive plans, performance management systems and employee training programs can "improve the knowledge, skills and abilities… of employees, increase their motivation, reduce shirking and enhance retention…"
Mark A. Huselid
The Academy of Management Journal, Vol. 38, No. 3 (Jun., 1995)
HR works. Foresight, good planning and good systems are proven profit enhancers. If that’s something you want for your firm, turn to Business Savvy Risk Management.
How do you select the best? What programs will help retain good staff (and it’s not always money)? The time and tools you use now to employ and retain staff can save thousands down the road. Business Savvy Risk Management help you establish tried and true programs that work. Performance management systems that highlight your best workers and encourage poor performers to leave. Retention programs that involve, encourage and motivate good staff.
Many organisations stumble when major change needs to be undertaken. New systems, new workplace contracts or cultural changes to enhance productivity can unsettle staff. The keys to success are foresight, planning and engagement. Business Savvy Risk Management has the skills to make change happen as efficiently and successfully as possible.
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