Effective
HR strategies are your competitive advantage
- Organizations that have a documented HR strategy … have
35% higher revenue per employee and 12% lower absenteeism rates
than those with no documented strategy. (2002 Global Human
Capital Survey- PriceWaterHouseCoopers)
- Companies with superior human capital practices can
create more than double the share value than companies
with average human capital practices. (2001 Human Capital
Index Study- Watson Wyatt)
- Key
links between human capital and shareholder value creation:
Practice |
Market
Impact |
| Total rewards and accountability: |
16.5% |
| Collegial, flexible workplace: |
9.0% |
| Recruiting and retention
excellence: |
7.9% |
| Communications integrity: |
7.1% |
| Focused HR service technologies: |
6.5% |
(2001 Human Capital Index Study- Watson Wyatt) |
|
- CFO
opinions on the effect of human capital on business
outcomes:
Customer satisfaction: |
92% |
| Profitability: |
82% |
| Innovation/product development: |
72% |
| Revenue per employee: |
68% |
| Speed to market: |
66% |
| Growth: |
64% |
(Mercer HR Consulting- CFO Research Services) |
Good HR is good business |
