Forum for Science, Industry and Business

Sponsored by:     3M 
Search our Site:

 

Small businesses profit by hiring people who fit into firm's culture

31.07.2006
Small businesses profit by hiring workers who fit into their company culture, creating a "familylike atmosphere" where employees are trusted to manage themselves.
That is the finding of a study by Christopher Collins, Cornell associate professor of human resource studies at the School of Industrial and Labor Relations.

Collins found that small businesses that follow such strategies reap 22 percent more revenue growth, 23 percent more profit growth and have 67 percent less employee turnover than companies that do not have such hiring criteria.

The successful hiring strategies include:

  • Hiring employees to fit in with company culture, rather than just hiring solely on a job candidate's individual skills.

  • Trusting employees to manage themselves, rather than enacting strict controls.

  • Creating a familylike environment, rather than trying to motivate employees solely through money.

    The findings are based on surveys of owners, managers and employees of 323 small businesses that employed between eight and 600 employees from across the country, with Florida having the most participating companies, said Collins.

    The findings are the fourth installment on a two-year, multiphased workplace study sponsored by the Gevity (soft "g") Institute, a human resources outsourcing and consulting company for small businesses that supports research at universities and businesses.

    "The companies also range across a wide array of industries," Collins said. "We developed the initial set of companies based on clients of Gevity and a matching sample of non-Gevity clients identified by a small business marketing research firm."

    Collins will be presenting the findings of his study at the Annual Academy of Management Meetings in Atlanta on Aug. 14. He will be joined by co-author Matt Allen, Cornell Ph.D. '06, who is now working at the College of Business Administration at Northeastern University, Boston.

    Nicola Pytell | EurekAlert!
    Further information:
    http://www.cornell.edu

  • More articles from Business and Finance:

    nachricht Microtechnology industry is hiring – positive developments of past years continue
    09.04.2018 | IVAM Fachverband für Mikrotechnik

    nachricht RWI/ISL-Container Throughput Index with minor decline on a high overall level
    20.03.2018 | RWI – Leibniz-Institut für Wirtschaftsforschung

    All articles from Business and Finance >>>

    The most recent press releases about innovation >>>

    Die letzten 5 Focus-News des innovations-reports im Überblick:

    Im Focus: LZH showcases laser material processing of tomorrow at the LASYS 2018

    At the LASYS 2018, from June 5th to 7th, the Laser Zentrum Hannover e.V. (LZH) will be showcasing processes for the laser material processing of tomorrow in hall 4 at stand 4E75. With blown bomb shells the LZH will present first results of a research project on civil security.

    At this year's LASYS, the LZH will exhibit light-based processes such as cutting, welding, ablation and structuring as well as additive manufacturing for...

    Im Focus: Self-illuminating pixels for a new display generation

    There are videos on the internet that can make one marvel at technology. For example, a smartphone is casually bent around the arm or a thin-film display is rolled in all directions and with almost every diameter. From the user's point of view, this looks fantastic. From a professional point of view, however, the question arises: Is that already possible?

    At Display Week 2018, scientists from the Fraunhofer Institute for Applied Polymer Research IAP will be demonstrating today’s technological possibilities and...

    Im Focus: Explanation for puzzling quantum oscillations has been found

    So-called quantum many-body scars allow quantum systems to stay out of equilibrium much longer, explaining experiment | Study published in Nature Physics

    Recently, researchers from Harvard and MIT succeeded in trapping a record 53 atoms and individually controlling their quantum state, realizing what is called a...

    Im Focus: Dozens of binaries from Milky Way's globular clusters could be detectable by LISA

    Next-generation gravitational wave detector in space will complement LIGO on Earth

    The historic first detection of gravitational waves from colliding black holes far outside our galaxy opened a new window to understanding the universe. A...

    Im Focus: Entangled atoms shine in unison

    A team led by Austrian experimental physicist Rainer Blatt has succeeded in characterizing the quantum entanglement of two spatially separated atoms by observing their light emission. This fundamental demonstration could lead to the development of highly sensitive optical gradiometers for the precise measurement of the gravitational field or the earth's magnetic field.

    The age of quantum technology has long been heralded. Decades of research into the quantum world have led to the development of methods that make it possible...

    All Focus news of the innovation-report >>>

    Anzeige

    Anzeige

    VideoLinks
    Industry & Economy
    Event News

    Save the date: Forum European Neuroscience – 07-11 July 2018 in Berlin, Germany

    02.05.2018 | Event News

    Invitation to the upcoming "Current Topics in Bioinformatics: Big Data in Genomics and Medicine"

    13.04.2018 | Event News

    Unique scope of UV LED technologies and applications presented in Berlin: ICULTA-2018

    12.04.2018 | Event News

     
    Latest News

    Designer cells: artificial enzyme can activate a gene switch

    22.05.2018 | Life Sciences

    PR of MCC: Carbon removal from atmosphere unavoidable for 1.5 degree target

    22.05.2018 | Earth Sciences

    Achema 2018: New camera system monitors distillation and helps save energy

    22.05.2018 | Trade Fair News

    VideoLinks
    Science & Research
    Overview of more VideoLinks >>>