Effective Management Boosts Productivity, Financial Success

Compiled ByTraci Purdum Many executives don't realize that effectively managing employees can mean a big return on investment, according to a recent study by Best Practices LLC, a Chapel Hill, N.C.-based consultancy firm. The study, Human Resources Systems of World-Class Companies, charted the success of four Malcolm Baldrige National Quality Award winners: Lucent Technologies, Motorola, Xerox and Federal Express. The study also tracked the success of Royal Dutch/Shell and Saturn. The study found that top companies tap innovative human resource management techniques in order to garner productivity gains. The study also revealed that leading human resource programs generate financial successes through systematic people management processes, clearly defined goals and executive leadership. The benchmarking study can be used to accomplish the following tasks:

Recruit and select excellent employees;

Define strategic direction for development programs;

Understand developmental needs and align programs to fulfill these needs;

Create an integrated leadership model to identify and understand key experiences associated with successful leaders. To download a summary of the report visit www.benchmarkingreports.com/pr/hr42.htm.