More HR makes companies higher profits, survey finds

first_imgMore HR makes companies higher profits, survey findsOn 31 Oct 2000 in Personnel Today Previous Article Next Article Comments are closed. The greater the number of HR practices built into a company, the more profit per employee, research has confirmed.David Guest, professor of organisational psychology and human resource management at Kings College, London, said his research project had found that investing in HR practices leads to improved financial performance. “Having few HR practices is damaging,” he warned at the conference last week.The study – The Future of Work Programme on HRM and Performance, funded by the European Social Research Council and the CIPD – also found that the number of grievance procedures a company faces has a negative effect on financial performance. But he said that despite a swelling body of evidence of the benefits of investing in so-called high-performance HR practices in areas such as recruitment, training, job security, involvement and team-working, the message was not being taken up by businesses.Only 13 per cent of private-sector workplaces had eight or more HR practices while no company in a sample of 610 companies had more than 14.Ron Collard, UK human resource operations partner at PricewaterhouseCoopers, said, “Not doing things for cost reasons damages the business more than playing around with innovative experiments.”According to John Purcell, professor of HR Management and director of the Work and Employee Relations Centre at Bath University, who is working on 12 case studies for the project, said companies which invest in HR tend to have “a big idea at the top”.He said, “They have a vision that is simple, clear and binding. They know the relationship between the way people are managed and financial performance.”Dina Gray, director of intellectual capital at Henley-based software house AIT – one of Purcell’s case study companies – said investment in HR involved consultation with multiple teams, tai chi, poetry readings, charity work, singing and an emphasis on “fun” at work.By Stephen Overell Related posts:No related photos.last_img read more

Taxi Hits, Kills Pedestrian in Copiague

first_imgSign up for our COVID-19 newsletter to stay up-to-date on the latest coronavirus news throughout New York A 38-year-old man died after he was hit by a taxi in Copiague early Saturday morning, Suffolk County police said.The victim, who was identified as 38-year-old Alex Medina of Wyandanch, was crossing the street at Great Neck Road and Campagnoli Avenue when he was struck by a Sunset Airport and Limousine Service taxi at 1:38 a.m., police said.The man was transported to Good Samaritan Hospital Medical Center in West Islip, where he later died.Police said the investigation is continuing. Anyone with information regarding the crash is asked to call the First Squad at 631-854-8152.last_img read more

Gold standard

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USC researchers bring data to the NBA

first_imgFollow us on Twitter @dailytrojan Though USC Viterbi School of Engineering assistant research professors Yu-Han Chang and Rajiv Maheswaran won’t be seen scoring slam dunks on national television, their experience in computer science could make them more knowledgeable about basketball than players in the National Basketball Association.Starting this season, NBA teams will have access to mountains of analytical data thanks to motion-tracking cameras developed by STATS LLC. Chang and Maheswaran have developed a software program that will help teams make sense of these numbers.“The data from the NBA will give teams the numbers,” Maheswaran said. “But we can turn the numbers into insight and helpful information that non-experts and non-technical people can understand.”The software system, called Eagle, will give teams information about where rebounds are most likely to fall, how to best defend pick-and-rolls, how to create the most efficient lineups and more. Chang and Maheswaran have licensed Eagle to the Los Angeles Clippers and three other NBA teams through their startup company, Second Spectrum.Chang and Maheswaran each have more than a decade’s worth of experience working in pattern recognition and motion data technology. The duo’s previous experience includes projects for the Department of Defense and the National Science Foundation.“I like to say it was great to transition from tracking military targets to tracking our favorite players on the court,” Chang said.The developments for Eagle began in the Viterbi Startup Garage, a resource for Viterbi students to learn how to turn their research into successful business ventures. The team’s first work won the Best Research Paper Award at the 2012 MIT Sloan Sports Analytics Conference.“The conference gave us a lot of publicity and we realized there was a clear need in the marketplace for someone to turn these numbers into something insightful and understandable. We wanted to create a product to address that,” Chang said.Major League Baseball has been using similar motion-tracking data for roughly a decade, but only recently has technology allowed for this information to be used for faster-paced sports such as basketball. Chang, Maheswaran and their students have become pioneers in utilizing this information for basketball.“We’re hoping this is going to be a Moneyball moment,” said Tal Levy, a junior majoring in computer engineering and computer science. “This will be a time when teams can make more informed decisions instead of solely rely on preconceived ideas, and I’m excited to see where it will go.” Levy became involved with the Second Spectrum team when Eagle was still in the research stages last fall.Currently, only professional teams have access to the STATS data that the Eagle system utilizes. Maheswaran anticipates, however, that motion-tracking data will become common at the college level soon. Second Spectrum would welcome the opportunity to bring Eagle to the collegiate level and especially to USC, said Chang.“We would certainly be interested in helping our home team out when that chance comes around,” he said.Chass Bryan, a sophomore guard on the USC men’s basketball team, recognized some potential benefits of utilizing Eagle at USC, but was conflicted about how much of an impact it could make.“A lot of basketball is numerical values, seeing who is most efficient and where strengths and weaknesses are, so in that respect the software would be useful,” he said. “But when you’re on the court you’re not thinking mathematically, and at a point you have to let the talent speak for itself.”Despite any doubt from athletes, Apratim Ghosh, an MBA student at Marshall, has been working at Second Spectrum for two months and is optimistic about the success of Second Spectrum in any field.“This data gives you the ability to bring out efficiencies in sports but also in any business,” he said. “It’s very exciting when you can apply quantitative methods to do that.”Maheswaran said the analytical data Eagle provides can be transformative in how professional basketball operates. Though the software is currently only in use for basketball, Maheswaran said Second Spectrum will consider researching the use of Eagle in other sports such as soccer or football.“We’re at the cutting edge of research and industry capabilities,” he said. “We can transform how everyone interacts with sports for the future.”last_img read more