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Employee Performance Management: Continuous Learning Drives Employee Retention


News Release

Feb., 22 /CHAPEL HILL, N.C.--Leading human resource managers integrate continuous learning programs into their HR systems to achieve productivity goals, according to a report from research and consulting firm Best Practices, LLC.

Companies that do not link ongoing education to company objectives risk wasting millions of dollars in high turnover rates and untapped employee capabilities.

"Best Practices in Employee Performance Management and Development," available online at http://www.benchmarkingreports.com/r/r451.htm, shows how real-world training practices have paid off. For example, one benchmark partner developed an apprenticeship program to develop employee knowledge across skill competencies. The program enabled the company to achieve Six Sigma production quality and a 90 percent retention rate for employees who participated in the program.

Drawn from analysis of more than 70 companies across 31 industries, the study reveals a systematic model for implementing effective human resource systems and processes. The report contains extensive analysis and executive insights for each of the following critical management areas:

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-- New-hire orientation

-- Career path definition

-- Continuous learning

-- Measurement and appraisal

-- Employee recognition

"Best Practices in Employee Performance Management and Development" contains best practices, benchmarking metrics, case studies and lessons learned. The report also contains:

-- Recruiting and career planning strategies

-- Training information and metrics, including cost and time investment, content and delivery methods

-- Employee evaluation rating systems

"World class companies realize that their people are their most valuable asset, and they are making tremendous improvements in all areas of human resources," said Chris Bogan, president and CEO of Best Practices, LLC. "These companies are investing billions of dollars to develop systems that will increase employee retention and overall workforce morale."




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Source:

Download a summary of "Best Practices in Employee Performance Management and Development" at http://www.benchmarkingreports.com/r/r451.htm. For more information about this report or other benchmarking reports, contact David Burton at (919) 767-9259 or at dburton@best-in-class.com.

ABOUT BEST PRACTICES, LLC


Best Practices, LLC is a research and consulting firm that conducts work based on the principle that organizations can chart a course to superior economic performance by studying the best business practices, operating tactics and winning strategies of world-class companies. For more information call 919-403-0251 or visit http://www.best-in-class.com.

 

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