Sep 2, 2005

Effective recruiting is tied to stronger financial performance

from Consulting Times:

Organizations with superior recruiting practices, such as filling jobs quickly,hiring their first-choice candidate and using employee referrals, financially outperform those with less effective programs,according to a new study by Watson Wyatt.

"An organization'sfirst opportunity to increase value is effective recruiting,"said Paul Platten, global director of human capital consulting at Watson Wyatt. "Companies that minimize the disruption and lost productivity caused by turnover create a significant advantage that allows them to outperform their competition financially."

That's interesting. But what I'd like to know is does the study research just the co-relation of such a thing or does it establish causality between effective recruitment and better performance?