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

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 medically
covered and who is not, lunch breaks, immigration, fair labor standards, drug and alcohol
issues and performance management strategies sit on your desk daily. These can’t be easy
times for Human Resources executives.
One huge contradiction appears to be although unemployment is high today, HR executives
are reporting that when it comes to finding and keeping qualified people for specialized
tasks, they are strapped. Many HR leaders are wisely looking to Universities and the Military for the specialized skills
it needs. Companies are increasing their presence via social media platforms to stay connected with younger
workers.
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 talent
can be expensive and doesn’t always result in a good hire.” Perhaps. However even after finding your good hire the
challenge still remains: What are the best methods to retain and motivate my team to better performance. Retaining
your valued employees will reduce your costs and provide you much relief.
alued
According to research organizations such as the Performance Improvement Council, the dollars
dollars-and-cents cost of
turnover differs from industry to industry and company to company
company—it can range from a couple of thousand dollars
ge
to tens of thousands of dollars per employee lost but in almost every case, the cost will be much more than the
lost—but
typical employer imagines.
What costs are we talking about here?
• Pre-departure costs—
• Recruitment costs—
• Training costs—
• Productivity costs—
• Vacancy costs
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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. Costs can amount to many times the employee’s salary when fully loaded to reflect the resulting costs in terms of
product quality, customer service and brand representation. Possible hidden costs in terms of customer
in
relationships.
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 on
your team? Are they being motivated to stay with your company or are they looking around for an organization that
offers 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
balanced
retention, improving behavior and personnel performance. By balanced I mean the right blend of recognition and
reward 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 is
on its way.
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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.