Saturday, February 24, 2007

Watson Wyatt: Attending to Hiring Makes a Difference

In a review of HR practices at 50 large U.S. companies, Watson Wyatt found that paying attention to the details of the hiring and orientation process is correlated with financial performance and employee engagement.

For example:

- 65% of companies with a highly engaged workforce provide interview training for their managers compared to 33% for companies with a less engaged workforce

- Companies with highly engaged workers spend 35 weeks on new hire orientation versus 15 for companies with less engaged employees

- 52% of high financial performers explained to new employees why they were hired vs. 29% of low financial performers

Very low hanging fruit with big potential payoffs.

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