11/24/2011
Every employer seems to be jumping on the wellness bandwagon in an effort to curb health care costs. But it’s always been hard for HR to prove its wellness investment is worth it. Reason: the inability to nail down a return on investment (ROI) on wellness programs. Now, a host of new approaches and tools have come to the rescue.
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11/15/2011
Employee training represents an act of faith for many organizations. They know it’s important, but few can quantify the return on investment. Still, HR is pushed to prove that training pays off. Use this formula to prove to senior managers which training produces results and which doesn’t.
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09/13/2011
Corporate pressures now call for closer ties between HR and top finance. Winning the CFO as an ally can help earn funding for HR projects, and your strategy smarts will draw attention. Take steps to cultivate the relationships and learn the numbers he or she thrives on.
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09/13/2011
It’s expensive to train employees, especially if the job is highly specialized. Smart employers protect their investments by having new employees sign an agreement to repay training costs if they leave soon after receiving the valuable benefit. Here’s how to recoup those costs.
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08/05/2011
If I had a dollar for every time I’ve heard an executive complain about HR … Why the bad rap? Is it deserved? What’s more, how does HR change it? Here’s how: 1. Just say "no" to no. 2. Avoid foolish consistency. 3. Speak their language. 4. Don’t forget, you are management. 5. Become mission critical.
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07/21/2011
Congratulations! You’ve cleared the first wellness hurdle: Executives have finally agreed to implement a wellness program. But now they’re asking for hard evidence that the company’s financial investment in the program will pay off. If measuring your program’s ROI seems akin to scaling Mount Everest, take comfort in the fact that more and more employers are successfully making the climb.
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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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01/28/2011
It’s expensive to train employees, especially if the job is highly specialized. Smart employers protect their investments by having new employees sign an agreement to repay training costs if they leave soon after receiving the valuable benefit. Here’s how to recoup those costs.
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11/12/2010
Your organization likely tracks the individual performance of current new hires to determine their contribution. But most employers don’t measure and compare the aggregate performance of new hires year after year. There are different approaches to measuring quality of hire, but these two are among the most effective and widely used, according to HR consultants:
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10/19/2010
Raleigh, N.C.-based Morganite Industries has reaped a 178% return on the investment it made to put its benefits enrollment, communication and data exchange online. It took only seven months for the 2,500-employee organization—which provides tax, benefits, health, safety and financial services for its parent company, Morgan Crucible—to recoup its initial investment.
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10/11/2010
While there is no “correct” HR-to-staff ratio, one HR professional per 100 employees is a generally accepted starting point. But HR-to-staff ratios have become less precise—and harder to interpret—due to the economic downturn, layoffs and the continued growth of outsourcing. Still worth measuring?
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09/08/2010
Bonuses are back, according to research conducted by the Hay Group. But with a pragmatic nod to today’s austere business environment, employers are taking a hard look at why they’re dishing out variable pay, what they want it to accomplish and how they decide who gets how much.
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08/05/2010
When reviewing salary surveys to determine fair pay rates for your employees, follow these tips from Beverly Dance, founder of Dance Consultancy, who spoke at the recent SHRM annual conference in San Diego:
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06/15/2010
When it's time to present next year's HR budget, get the C-Suite's attention with these six talking points. They'll show you mean business.
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05/13/2010
One side effect of the recession: Cash-strapped employees are eating more fast food, exercising less and ignoring their health, studies show. All the more reason to refocus your wellness efforts. Nine lessons from recent studies:
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