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The 2005 Human Capital Index study by Watson Wyatt Worldwide found that companies that differentiate employee bonuses based on performance and use stock-based compensation financially outperform those that do not. Companies that make sharper distinctions in bonus payouts based on employee performance achieved a three-year total return to shareholders of 47 percent, versus a negative 2 percent TRS for companies with a less differentiated compensation structure.
Organizations with superior recruiting practices - such as filling jobs quickly, hiring their first-choice candidate and using employee referrals - financially outperform those with less effective programs, according to a new study by Watson Wyatt, a leading human capital consulting firm. The study also found that pay-for-performance and stock-based compensation programs are associated with higher shareholder returns.
Companies that fill positions within two weeks provided total return to shareholders (TRS) of 59 percent between 2002 and 2004 versus 11 percent at companies that required at least seven weeks to fill positions. Additionally, companies that typically fill a position after just one offer is made had a three-year TRS of 44 percent versus 32 percent for companies that typically have to make two or more offers to fill an opening.
Companies that minimize the disruption and lost productivity caused by turnover create a significant advantage that allows them to outperform their competition financially.
Success Performance Solutions provides employee selection and succession planning services that reduces recruitment time and helps managers make better hiring decisions.
Thirty percent of U.S. workers admitted to taking a sick ady when they were not really sick, according to a new poll released by Hudson, the professional staffing firm.
About 49 percent said they just needed a break. Twenty-two percent took a day off to care for a sick relative.
Who is most likely to fake illness? Those between 18 and 29 who earn less than $20,000 per year.
Surprisingly, 41 percent said they believed their bosses knew they were not actually sick.
Twenty-nine percent of the men polled had called in sick when they were not. Thirty-one percent of women did.
For more facts and factoids about workforce trends, visit Perfect Labor Storm.
