12/13/2011
Employee recognition programs aren’t quite as popular as they once were, but the 86% of businesses that use them find that rewards and incentives can still spur sales, improve retention and employee loyalty, and raise productivity during an era of slim pay raises and uncertain bonuses.
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11/25/2011
The general manager of A Yard & A Half Landscaping says she spends nothing on recruiting because the firm’s employees are eager to get jobs there for their family and friends. That might be because the organization’s benefits include the usual (medical, dental and retirement plans) and also the unusual.
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09/21/2011
Five Detroit companies are offering employees cash incentives to live downtown. Blue Cross Blue Shield of Michigan, Compuware Corp., DTE Energy, Quicken Loans and Strategic Staffing Solutions will give employees more than $4 million over five years if they move into any of six downtown neighborhoods.
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09/13/2011
Employees of Monarch Bank work at cubicles so huge that they call them “Taj Ma-cubes.” Every President’s Day, they celebrate “Monarch Day” with training sessions and an awards ceremony. And last year, their bonus checks were 30% bigger than the year before. Result: Employees stay.
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08/11/2011
While salary budgets are up this year—merit raises are running near 3.0% compared with 2.7% in 2010—some still-skittish employers are more likely to dole out title raises rather than extra cash. The danger: Organizations may give gratuitous no-pay promotions instead of using the practice as a selective reward and retention strategy.
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07/28/2011
Nearly 40 employees of the real estate development company Bozzuto Group met, fell in love and married their spouses while both were working at the firm. It could be why so many of its workers refer their friends and family members as possible co-workers. Plus, the 23-year-old company has one of the lowest turnover rates in the industry,
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07/19/2011
On average, 30% to 40% of an employee’s total compensation is wrapped up in benefits. Unfortunately, employees often have no idea that's the case. The most effective way to make sure employees really understand the benefits you offer, their value and why they’re a great deal is to tell them face-to-face.
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06/27/2011
On average, 30% to 40% of an employee’s total compensation is wrapped up in benefits. Unfortunately, that information is often invisible to employees. The most effective way to make sure employees really know about the benefits you offer, their value and why they’re a great deal is to tell them face-to-face.
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06/15/2011
Employee focus groups are a good way you can uncover issues affecting productivity and retention. Use the following steps to organize your focus groups without excessive red tape or cost:
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05/20/2011
Most employers are not considering canceling health benefits as a result of the year-old health care reform law, according to two recent surveys. The Affordable Care Act may be politically unpopular, but employers assume that it will be a business fact of life for the foreseeable future.
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05/13/2011
Walmart employees who also are in the military or are married to military spouses can keep their jobs, even if their service requires them to move to another part of the country. The 9,000-store chain has guaranteed its 2 million employees that it will find a local job for them if the military transfers the family to a new location.
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04/08/2011
It doesn’t hurt that accounting firm Grant Thornton offers flexible work schedules, commuter spending accounts, dependent care and an employee assistance program. But execs there attribute the organization’s culture of long-term retention to what they consider a family-like environment at their branch offices.
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03/16/2011
As the economy strengthens, many productive employees who feel overworked and undercompensated will seek jobs elsewhere. Don’t give your stars an excuse to jump ship. Keep them satisfied by implementing new benefits and reinstating those that you cut during the recession.
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03/07/2011
The average tenure of an SC Johnson employee is 14 years, a longevity marker the organization attributes to its employee benefits. Employees are offered child care, telecommuting, compressed workweeks, job sharing and fitness facilities.
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02/17/2011
The challenges facing HR pros who specialize in talent, compensation and benefits are dramatically different today than they were just a year ago. At Deloitte Consulting, we call it “the talent paradox”—the apparent contradiction that occurs when unemployment is still relatively high, yet companies still are seeing significant shortages in critical talent areas.
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