Skilled HR practices ‘boost company profits’, according to report
Companies that are highly skilled in core HR practices experience up to 3.5 times the revenue growth and as much as 2.1 times the profit margins of less capable companies, according to new research by The Boston Consulting Group (BCG) and the World Federation of People Management Associations (WFPMA).
The joint report, From Capability to Profitability, was based on a survey of more than 4,200 HR and non-HR managers in more than 100 countries worldwide. It measured companies for proficiency in 22 HR areas and compared this to firms’ economic performance.
Read the rest of this article and find a link to the study on the People Management website.