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Good People Processes Improve the Bottom Line | Print |
Human resources (HR) often takes a lot of flak from managers for being up its own ivory tower - often with some justification. But, as a new British report suggests that firms with a comprehensive approach to people management report higher profits per employee, profit margins and productivity, do we need to start being nice to our personnel function once again?

The two-year, U.K. government-backed research project by the think-tanks Work Foundation and the Institute for Employment Studies has also outlined 12 core measures that, it argued, any organization can track to assess the impact of their people management practices on business performance.

The People and the Bottom Line study involved developing and testing a framework of people management practices with nearly 3,000 employers to assess their impact on organisational performance.Data was collected from each organization and performance assessed across the framework of measures.

Simon Jones, acting chief executive at Investors in People (UK), which also supported the research, described the study as "ground-breaking".He added: "It delivers compelling evidence of the role that a proactive approach to people management and skills development can play in business success.

"It shows that people management must be woven into the DNA of any organisation that wants to maximise its performance – it cannot be piecemeal or tokenistic," he added."This is a very important report for employers of all types and sizes and it's vital they sit up and take notice," he said.

Read the rest of the article at: Management-Issues.com
 
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