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Asia-Pacific companies lead business world in developing, rewarding.
(From BusinessWorld (Philippines))
A global study of over 300 chief human resources officers (CHROs) released early this week by IBM (International Business Machines), has found out that organizations in Asia Pacific are leading the world in both aligning their people to their future business requirements, and developing and rewarding their people.
Asia Pacific's CHROs, however, must stem voluntary turnover at the senior and middle management levels, the highest rates globally, to maintain competitiveness.
The "Global human capital study 2005: the capability within" found that 39% of the companies in Asia Pacific are proactively aligning their work force to their organizational demands compared to 21% in Europe and 29% in North America.
Talent management was rated by the majority of CHROs in Asia Pacific (35%) as their top priority compared to 12% in North America and 10% in Europe. Of the compensation systems prioritized by CHROs, …
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