Benefits March 16, 2004
HR Looks to Recruit and Retain to Impact Bottom Line
March 16, 2004 (PLANSPONSOR.com) - Looking to their
company's bottom line, human resources professionals are most
likely to focus on recruiting and retention to have the
largest impact.
Reported by Eric Hazard
Nearly eight out of 10 (77.2%) of the 267 HR professionals polled by the Society for Human Resource Management (SHRM) said “recruit and retain” when asked to report which strategic HR tasks they are called upon most to perform in their organizations that contribute to organizational bottom-line success. This was followed by develop employee skills (55.8%), address health-care costs (50.9%) and keeps costs down (48.7%).
Other areas in which HR professionals leveraged the organization’s people to impact the financial statement included:
- Communicate corporate vision (30.7%)
- Identify trends (24.3%)
- Human capital strategy (22.1%).
Head strategic planning and measure business drivers at 16.5% each rounded out the list.
You Might Also Like:

Employers Feel the Strain of Rising Labor Costs
New survey data shows employers both large and small are looking closely at operating expenses and, when possible, prioritizing salaries...

‘Historically Tight’ Labor Market Stresses Employers
Job openings are at record highs, fast food and retail outfits are offering hiring bonuses, and large corporations from retail...

Benefits |
Tailored Benefits Can Help Ease Turnover Concerns
The vast majority of employees say they would feel more invested in staying with their employer if it offered tailored...