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Taico® :: 67 Patterson Village Ct., Bldg F :: Patterson, NY 12563 :: 845-228-GIFT (4438) :: fax: 845-228-5136 :: info@taic...
Taico® :: 67 Patterson Village Ct., Bldg F :: Patterson, NY 12563 :: 845-228-GIFT (4438) :: fax: 845-228-5136 :: info@taic...
Taico® :: 67 Patterson Village Ct., Bldg F :: Patterson, NY 12563 :: 845-228-GIFT (4438) :: fax: 845-228-5136 :: info@taic...
Taico® :: 67 Patterson Village Ct., Bldg F :: Patterson, NY 12563 :: 845-228-GIFT (4438) :: fax: 845-228-5136 :: info@taic...
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Employers. Jump over your obstacles and increase performance!

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After some discussion he decided the best thing to do was to reach out to his accountant to get professional advice. John asked, What can I do to reduce my tax burden, I am already at the limit. His accountant's reply?....

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Employers. Jump over your obstacles and increase performance!

  1. 1. Taico® :: 67 Patterson Village Ct., Bldg F :: Patterson, NY 12563 :: 845-228-GIFT (4438) :: fax: 845-228-5136 :: info@taico.com© 2012 Taico® Incentive Services Inc.Employers. Jump over your obstacles and increase performance!My friend, John A, called me about all the new taxes affecting his music company. He was a bit anxious about hisability to continue operating in the black while retaining his talented employees.After some discussion he decided the best thing to do was to reach out to hisaccountant to get professional advice. John asked, What can I do to reduce mytax burden, I am already at the limit. His accountants reply?"Well John youre doing everything right and by the book. Seems to me yourejust going to have to make more money.", then hung up the phone.Businesses today, across the country, face the very same problems.Regulation, not enough growth capital, health care costs, energy costs, moretaxes, complexity of taxes, uncertainty about the economys future. Sure, if youhave the time, the money and the mentality to lobby legislators all day long forrelief, more power to you.Frankly I havent found one business owner, large or small, who enjoys such luxuries. Irrespective of the obstaclesbeing imposed on you by regulation and economic uncertainties, facing these gremlins squarely will help you surviveand excel. Here we look at the most pressing obstacles you face and ways to jump over them.Once exclusively an HR issue but now ending up more and more on the desks of chief executives are theperformance and morale killers like internal power struggles, negativity, backstabbing and scandal within the ranks.Enlightened leaders will always look at themselves first. They will ask, how is my leadership style and my day to dayattitude impacting employee behavior? By making the right personal changes, you wont need to bring in a behaviorcop or be one yourself. A more positive workplace starts with top down awareness. One example can be seen withinthe hospital industry. When personnel are more satisfied, patients and the community benefit.Nicholas Lavroff PHD industrial pyschologist and a member of the Patterson, New York-based Taico® IncentiveServices advisory committee notes: "Of course, "engagement" can be almost as challenging to appropriately defineas "happiness. Engagement may be a better term."A Modern Medicine article called Happy Staff=Happy Patients further illustrates this point.Share This
  2. 2. Taico® :: 67 Patterson Village Ct., Bldg F :: Patterson, NY 12563 :: 845-228-GIFT (4438) :: fax: 845-228-5136 :: info@taico.com© 2012 Taico® Incentive Services Inc.As your organizations leader, your workforce will largely reflect your day to day attitude. Building a culture ofperformance and appreciation will bring you benefits. Consider an employee recognition and rewards program to helpcreate that.Best selling author and clinical psychologist Dr. Noelle Nelson puts it this way. "Imagine having an immediate,compelling way to power up your relationships in business, at work, at home and in love. A way to maximize yourpersonal and professional success and happiness." Thats what appreciation can do for you and others in yourorganization when you use it as the dynamic force.Of course there will always be an employee with a poor attitude. They are rude to customers, other employees and toyou. They dont follow instructions and do what they want.Confronting such an individual is difficult but must be done and done promptly.Much can be learned during the interview process.Save yourself unnecessary grief by conveying to employees early on what is expected of them. Mention the behavioryou want in the job description.Tell employees to greet customers with a warm friendly hello.Make "attitude" a performance criteria, a part of the performance appraisal process and something rewardable.Ranked number one on the list of business concerns is the cost of health insurance for employees. There is aplethora of approaches to reduce this cost. Some companies reduce costs by reducing employee coverage. Somesmall businesses ask employees to contribute more to the plan expecting to reduce health insurance costs.Unfortunately this could likely prove unpopular with workers. If you take this path, talk with employees to get aconsensus from them of they want covered.Understanding behavior dynamics and what motivates the practice of wellness will prove a profitable investment.Research on this subject is plentiful. Studies by NWNL, Mercer HR Consulting and others found that job-relatedstress and burnout is significant, particularly in organizations that substantially cut employee benefits, changeownership, require frequent overtime or let go of popular workers. Job stress can cause frequent health problems andpush employees to being less productive. Truth is, you can promote a culture of wellness. This will go a long waytoward improving performance in other areas.Share This
  3. 3. Taico® :: 67 Patterson Village Ct., Bldg F :: Patterson, NY 12563 :: 845-228-GIFT (4438) :: fax: 845-228-5136 :: info@taico.com© 2012 Taico® Incentive Services Inc.One new consideration is how to manage Obamacare, a 2000+ page piece of legislation. According to the PatientProtection and Affordable Care Act, small businesses with 50 or more employees are mandated to buy healthinsurance for their employees or pay a fine, or tax according to Justice Roberts. There are however, tax credits forcertain eligible small businesses. The question becomes, will more small business owners cut full time employees andlook to hire advisers and consultants to get them through this?Then theres the issue, as reported by Wall Street Journal and others, why are certain larger companies exempt?Whatever is the case, improving employee wellness and reducing your health care costs is doable when you knowhow to get everybody on board.Rated number two is economic uncertainty and regulatory government actions. A sure candidate for raising anxietyamong consumers, investors, and business owners alike.Depending who you listen to, we suffer from a deep and damaging economic downturn that is deeper and moredamaging than the 1930s. The turnaround date is a question mark.A little research will reveal, however, how companies of all types survived and even prospered during the greatdepression. They focused on innovation, service and their most valuable asset, their employees. The use ofrecognition and reward programs have come into prominence since yesterday due to results. They work!The point here is, irrespective of economic and regulatory circumstances, learning how to collaborate with youremployees will give you a huge advantage over others who are not.Dont wait for an economic turnaround to capitalize on employee engagement, recognition and reward. Things youcan do now.Sales improvement based on good practices and product knowledge.Communicate and promote a clear, compelling direction that employees can enthusiastically get behind.Encourage employees to submit ideas on how your company can grow and be profitable. All ideas are good.Recognize and reward healthy behavior. Start a simple wellness initiative. This can be done very inexpensively.Consider a Peer to Peer recognition program.Share This
  4. 4. Taico® :: 67 Patterson Village Ct., Bldg F :: Patterson, NY 12563 :: 845-228-GIFT (4438) :: fax: 845-228-5136 :: info@taico.com© 2012 Taico® Incentive Services Inc.Employers can significantly influence, if not control, how motivated and satisfied their employees are.Instruct your senior leaders to demonstrate the desired values and behavior you expect from them. Build a one voice,one heart, one mind place to work. Be a leader and a real human being.Create a mechanism where your executive team reports to you regularly. This will be a wonderful opportunity to clarifygoals and present new ideas.Mark D. Hirshfeld of GoldenRod Consulting concludes: "An engagedworkforce can act as insulation, a buffer if you will, from the effects of the economicturndown,”Share This

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