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06/12/07
Small and Medium Business Priority: Attract and Retain
Surveying more than 500 executives, TriNet’s 2007 HR Trends: People to Profitability survey shows small and medium businesses are focusing on attracting and keeping talented employees as a top priority:
“For both larger and very small companies the attraction and retention of talent is more important than increasing revenue.”
Read the survey results to see how strongly executives believe that talent drives performance. You’ll know why when you click on our take on last year’s Gevity Institute and Cornell University research report: Human Resource Management Practices and Firm Performance in Small Businesses.
Companies that implement effective HR strategies outperform the competition, achieve higher revenue and profit growth, and succeed in highly competitive environments. This is especially true for small, high growth companies.
Performance when using person-organization fit employee
selection strategy
7.5% higher revenue growth
6.1% faster profit growth
17.1% lower employee turnover
Making the investment in eRecruiting pays off big time for small and medium business.
Taleo Blog - Talent Management Solutions
Taleo's Talent Management Solutions Blog is about developments in Talent Management - from its definition and practices - to the latest research in the field.
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| Alice Snell Vice President, Taleo Research Send a comment to the author at research@taleo.com |
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