It's the People, Stupid

Topics:
Human Capital,
Recruitment
Tags:
CFO Publishing Corp.,
Finance,
Financial,
Financial Accounting,
Financial Performance
Source:
CFO Publishing

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Overview: It's a line employees and union leaders have touted for years: Happy employees make for more profitable companies. Now there seems to be more data to back it up. Watson Wyatt Worldwide, the benefits consulting firm, says it has evidence to support the idea that improvements in human-capital practices (in which it includes both compensation and traditional human-resources concerns such as employee recruiting and retention) can boost a company's financial performance. What's more, after comparing the human-capital practices and financial results of 51 companies for 1999 and 2001, the consultants claim that the practices are a leading, rather than a lagging, indicator of financial performance.

(Is this item miscategorized? Does it need more tags? Let us know.)

Format: HTML | Date: Jan 2002 | Pages: 2

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