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UK firms ''falling behind US in human capital ROI''

26 July 2010
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UK firms ''falling behind US in human capital ROI''Businesses based in the UK are lagging behind their US counterparts in terms of the levels of human capital return on investment (HC ROI) they generate, research has suggested.

A new report by PricewaterhouseCoopers (PwC) revealed that companies in Europe are slower to generate strong profits per employee, claiming this is partly because the system across the Atlantic is more flexible, something that may interest those involved with continuous improvement practices.

According to the study, Trends in Human Capital, HC ROI in the US grew by 19.8 per cent from 2002 to 2006, while the same factor expanded by 8.3 per cent in Western Europe and 4.6 per cent in the UK.

Richard Phelps, PwC human resource services partner, stated: "While many companies invariably made job cuts to survive the recession, some employers introduced cost saving initiatives with similar results but with less pain."

In related news, a series of business boot camps have been run for students by PwC in a bid to provide participants with experience and training in the field.ADNFCR-3058-ID-19907236-ADNFCR
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