Hay Group India Blog
Times ascent talks on work measurement, HR trends citing Hay Group’s Next Gen HR study
Employers emphasizing on core business practices despite the ever changing trends in technology and economics have been able to retain the best talent over the years without fail. A 15- year review of Fortune Magazine’s World’s Most Admired Companies by the Hay group affirms the strategy and highlights the key practices that help an organization sustain success:
- Executing and enabling strategy
- Building structures and processes to sustain long-term performance
- Achieving success through people
- Placing a high value on leadership and talent
The review underscores that ‘achieving success through people’ boosts the revenue growth of an organization by 4.5 times, and reduces employee turnover by 54%. Apple, Google and Amazon.com have bagged the top three spots in Fortune’s World’s Most Admired Companies-2012, among all the global organizations; while Tata Steel and ONGC occupy the coveted top positions in India.
