Devoted to Managers and those that seek to improve their management skills

According to a recent Gevity (GVHR) study, knowing how to manage your employees well results in great benefits. I know it sounds obvious but not that many companies get this yet. This particular study was conducted by an associate professor at Cornell University.

The statistics of the study revealed that those that implement a "workforce alignment" employee management strategy see a 22.1 percent higher revenue growth, a 23.3 percent higher profit growth and 66.8 percent less employee turnover than companies that do not follow the strategies, according to bizjournals.com.

The major strategies examined were:

1. Hiring employees to fit in with company culture rather than just based on a job candidate's individual skills.
 
2. Trusting employees to manage themselves rather than enacting strict controls.

3. Using company socials and creating a "family-like environment" rather than trying to motivate employees solely through monetary incentives.

The study also found that if a company follows one of these strategies, there is significant revenue increase, profits and employee turnover drops by a lot.

Motivating employees by creating a family-like environment increased profit growth by 13.3 percent compared with companies that did not follow that strategy and reduced turnover by 19.1 percent. It increased revenue growth by 3.8 percent.

This study and other like it find similar results whether the company is small or huge.

All of these types of studies seem to be intuitively in managers, but many don't have a plan in place to implement and make it happen. Those that don't underperform their competitors by over 10 percent across all categories.