Why HR = higher revenues
A study finds small details can yield big growth.
By Myrlande Davermann, FSB Magazine

(FSB Magazine) -- Micromanaging will do more than annoy employees; it will slow your growth. A recent study by Cornell University, sponsored by the Gevity Institute, a human resources outsourcing firm in Bradenton, Fla., found that small businesses that granted workers more autonomy grew at more than four times the rate of those that relied on tight top-down controls.

That's not all.

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The study, which surveyed 323 small businesses, reported that superior HR and management decisions could mean the difference between an explosive business and a sluggish one. Companies that met all its criteria had an average revenue growth rate 22 times higher than those that didn't meet any, a profit rate 47 times higher - and one-sixteenth the turnover rate.

Here, a look at how feel-good office tactics can result in a good-looking balance sheet.

To see the full study, go to gevityinstitute.com.

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Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer LIBOR Warning: Neither BBA Enterprises Limited, nor the BBA LIBOR Contributor Banks, nor Reuters, can be held liable for any irregularity or inaccuracy of BBA LIBOR. Disclaimer. Morningstar: © 2014 Morningstar, Inc. All Rights Reserved. Disclaimer The Dow Jones IndexesSM are proprietary to and distributed by Dow Jones & Company, Inc. and have been licensed for use. All content of the Dow Jones IndexesSM © 2014 is proprietary to Dow Jones & Company, Inc. Chicago Mercantile Association. The market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. FactSet Research Systems Inc. 2014. All rights reserved. Most stock quote data provided by BATS.