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Structured management: how firms can hire and keep the best people

Author

Listed:
  • Christopher Cornwell
  • Ian M. Schmutte
  • Daniela Scur

Abstract

Firms' decisions about whom to hire and fire have big effects, not only on their own bottom line but also on the functioning of the labour market and the performance of the whole economy. Analysis of Brazilian data by Daniela Scur and colleagues demonstrates the value of 'structured management practices' for better quality recruitment and retention - and improved productivity.

Suggested Citation

  • Christopher Cornwell & Ian M. Schmutte & Daniela Scur, 2019. "Structured management: how firms can hire and keep the best people," CentrePiece - The magazine for economic performance 563, Centre for Economic Performance, LSE.
    • Handle: RePEc:cep:cepcnp:563
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    File URL: https://cep.lse.ac.uk/pubs/download/cp563.pdf
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    More about this item

    Keywords

    labor allocation; managers; management practices; productivity;
    All these keywords.

    JEL classification:

    • D22 - Microeconomics - - Production and Organizations - - - Firm Behavior: Empirical Analysis
    • M11 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Production Management
    • J31 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Wage Level and Structure; Wage Differentials

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