A lot of firms these days, especially fleet- footed digital start- ups pride themselves on their relaxed personnel management procedures. However, a study anchored by the MIT’s Initiative on the Digital Economy, has shown how organizations with a more structure management system, do much better in terms of talent recruitment, people retention and even the hard task of firing under- performers. This pattern was highlighted in the recent paper titled Building a Productive Workforce: The Role of Structured Management. This was a long study, with data spanning a data being included in it, as contributed by the RAIS and the WMS (World Management Survey). Productivity of such firms is also significantly higher.

Source:https://mitsloan.mit.edu/ideas-made-to-matter/structured-management-practices-lead-to-better-hr-outcomes

Uploaded Date:14 August 2019