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Dear HR Professional,
For our Canadian members we hope you had a wonderful Thanksgiving.
This week we're taking a look at minimizing turnover costs, the fifth regulation, and more.
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- Fifth Regulation
Demand for Talent Slowly Increasing for U.S. Not-For-Profits
As the economic climate finally begins to thaw, many not-for-profit organizations are looking to gradually expand their workforce. Though organizations may not reach pre-recession workforce levels anytime soon, additional talent is needed as many organizations have been understaffed for many months now.
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Employee Retention is the Key to Minimizing Turnover Costs
It is estimated that the cost of replacing a mid-level employee is as much as 150% of that person’s annual compensation package. Spending $75,000 just to replace one employee is a lot by itself, but when that number is multiplied by the average number of people within an organization, it becomes clear that even small businesses spend too much on employee turnover.
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Medical Insurance Costs Increase for Banking and Finance Companies
Despite legislation recently passed to bring costs in line, providing medical insurance continues to grow increasingly expensive for banking and finance employers across the country. The newly released 2010 Compensation Data Banking and Finance survey results show banking and finance companies had an average premium increase of 9.6 percent. More than 70 percent of survey respondents report paying more than $7,200 annually for an employee plus family plan..
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Virtual HR Conferences
We invite you to attend one or more of the great conferences lined up for 2010. Watch live webcasts, earn credits, and browse virtual trade show booths. Registration is free for members.
Legal Issues for HR Professionals
- October 13, 2010.
Click here for more info.
Developing Great Leaders
- November 3, 2010.
Click here for more info.
Learning Mgmt Systems: Functions, Offerings, and What is Right for You
- November 10, 2010.
Click here for more info.
Improve Your Quality of Hire - And Know How to Measure It
- November 17, 2010.
Click here for more info.
For more Info on our upcoming virtual events,
click here.
It won't cost a penny for these thoughts ... enjoy these blog submissions currently featured on HR.com.
> MBA for HR Professionals
The field of Human Resource Management (HRM) focuses on achieving corporate strategy through the effective management of people in organizations. The role of the human resources manager within a corporate environment has been undergoing rapid change. It has become more ambiguous, shifting in the direction of business partner, employee champion and change catalyst, and focused on strategic leveraging of human capital. This is why companies are now hiring MBA candidates for HR positions.
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The State of HR-Compensation-Payroll Integration: 2010
Join Allan Schweyer, David Turetsky and Robert Mattson for a presentation of findings from new research by Workscape, an ADP Company into compensation technology trends for 2010. In this interactive online seminar you'll...
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Date: October 13, 2010
Time: 2:00 - 3:00 PM ET
Achieving Maximum Employee Engagement: an integrated approach to performance reviews and recognition
Are employee performance reviews a time drain in your organization? Is recognition for achievement an afterthought? Or, do employees have a clear understanding and desire to contribute and achieve in ...
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Date: October 19, 2010
Time: 1:00 - 2:00 PM ET
The Philosophy of Pay for Performance Examined
There are many reasons that Pay for Performance works and does not work in different cultures, locations, and professions. This session will explore the basic tenets underlying the philosophy of Pay for Performance and ...
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Date: November 3, 2010
Time: 2:00 - 3:00 PM ET
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> Pay for Performance
> Funding your Retirement
> Manager’s Guide to Business Planning - Summary
In today’s competitive marketplace, a well-planned, well-executed business plan can make the difference between success and failure. When a business has implemented a successful planning process, every employee can see a clear link between the overarching company direction and the work they perform. In the book Manager’s Guide to Business Planning, Peter J. Capezio provides businesspeople from all industries with a comprehensive review of the planning process. The book defines what must occur from preparation for the planning process through the measurement of results. Manager’s Guide to Business Planning is relevant to managers at any level who are engaged in strategic planning, business planning, or functional/departmental planning.
Click here to read more.
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