Organizations thrive and generate 30% higher revenue and 5% lower attrition rate when they focus on both People and Performance!
By | Nicolas BEHBAHANI | Global People Analytics Leader @ Future of Work | Leading Global HR Analytics, Driving Business Growth
💡 Companies that emphasize human capital development are more consistent and resilient than their sector peers.
✔️ Developing human capital helps firms retain talent and deliver a better payoff for their people.
📈 People and Performance Winners generate roughly 30% higher revenue growth for every dollar invested in compensation and organizational overhead than Performance-Driven Companies.
📈 People and Performance Winners are talent magnets, with attrition rates almost 5% points lower than those of Performance-Driven Companies.
💥 Companies that prioritize human capital development help employees grow by making promotions and internal transfers more readily available, according to a new interesting research published by McKinsey & Company using data 📊 from 1,800 large companies with annual revenue of more than $100 million and across all sectors in 15 countries.
✅The 4 group of Companies based on Financial Performance and the Human Capital metrics
Researchers sort companies into one of fourbelow categories, reflecting whether they rank within the top quintile in their sector for financial performance and the human capital metrics described above:
