07/02/2023
Employers who not only focus on performance but also invest in their staff tend to be more resilient in times of crisis and have turnover rates that are roughly 5 percentage points lower compared to other companies. 💡🚀
This was found in a study conducted by McKinsey Global Institute published on February 2nd, 2023:
https://lnkd.in/d-iz6aY6
McKinsey looked into whether businesses genuinely profit from investing in employee and skill development.
They also looked into how investments affect profits and why some businesses are so much better than others at using human capital as a true competitive advantage.
🤔 👉 What do you think of these findings? Let us know. Do you already make investments in the of your employees?
A dual focus on developing people and managing them well gives a select group of companies a long-term performance edge.