Attention HR: Here’s how you spell relief: Employee Loyalty.Tightening economy, pressure from above, the plethora of daily...
Costs can amount to many times the employee’s salary when fully loaded to reflect the resulting costs in terms ofproduct q...
Upcoming SlideShare
Loading in …5
×

Attention HR: Here’s how you spell relief: Employee Loyalty.

511 views
473 views

Published on

Tightening economy, pressure from above, the plethora of daily workforce issues ranging from who is medically covered and who is not, lunch breaks...

Published in: Business
0 Comments
0 Likes
Statistics
Notes
  • Be the first to comment

  • Be the first to like this

No Downloads
Views
Total views
511
On SlideShare
0
From Embeds
0
Number of Embeds
1
Actions
Shares
0
Downloads
2
Comments
0
Likes
0
Embeds 0
No embeds

No notes for slide

Attention HR: Here’s how you spell relief: Employee Loyalty.

  1. 1. Attention HR: Here’s how you spell relief: Employee Loyalty.Tightening economy, pressure from above, the plethora of daily workforce issues ranging from who is medicallycovered and who is not, lunch breaks, immigration, fair labor standards, drug and alcoholissues and performance management strategies sit on your desk daily. These can’t be easytimes for Human Resources executives.One huge contradiction appears to be although unemployment is high today, HR executivesare reporting that when it comes to finding and keeping qualified people for specializedtasks, they are strapped. Many HR leaders are wisely looking to Universities and the Military for the specialized skillsit needs. Companies are increasing their presence via social media platforms to stay connected with youngerworkers.With attractive employment packages in hand recruitment appears to be up.As Nancy Altobello Vice Chairman of people at Ernst and Young tells the Wall Street Journal, “ “Att “Attracting top talentcan be expensive and doesn’t always result in a good hire.” Perhaps. However even after finding your good hire thechallenge still remains: What are the best methods to retain and motivate my team to better performance. Retainingyour valued employees will reduce your costs and provide you much relief. aluedAccording to research organizations such as the Performance Improvement Council, the dollars dollars-and-cents cost ofturnover differs from industry to industry and company to company company—it can range from a couple of thousand dollars geto tens of thousands of dollars per employee lost but in almost every case, the cost will be much more than the lost—buttypical employer imagines.What costs are we talking about here?• Pre-departure costs—• Recruitment costs—• Training costs—• Productivity costs—• Vacancy costsShare this Taico® :: 67 Patterson Village Ct., Bldg F :: Patterson, NY 12563 :: 845 845-228-GIFT (4438) :: fax: 845- -228-5136 :: info@taico.com © 2012 Taico® Incentive Services Inc.
  2. 2. Costs can amount to many times the employee’s salary when fully loaded to reflect the resulting costs in terms ofproduct quality, customer service and brand representation. Possible hidden costs in terms of customer inrelationships.But there is relief when you know what will improve your employee cooperation, loyalty, employee participation.How on board are your people with your company’s stated vision, goals and initiatives? Are they engaged to be onyour team? Are they being motivated to stay with your company or are they looking around for an organization thatoffers sincere recognition and rewards for a job well done?Considering the implementation of a well designed, criteria specific, balanced incentive program will do wonders for balancedretention, improving behavior and personnel performance. By balanced I mean the right blend of recognition andreward choices. Sincere acknowledgment and tangibles.The more reward choices, your can provide, for example, will assure that your programs remain fresh and example,exciting.With the help of a professional incentive expert and a well planned, balanced engagement init initiative, relief ison its way. Share this Taico® :: 67 Patterson Village Ct., Bldg F :: Patterson, NY 12563 :: 845 845-228-GIFT (4438) :: fax: 845- -228-5136 :: info@taico.com © 2012 Taico® Incentive Services Inc.

×