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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:
-- New-hire orientation -- Career path definition -- Continuous learning -- 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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