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New York cheap air max 270 discount , NY, February 25, 2005 ? Employee retention and motivation?why should employers care? A storm is brewing. National productivity was up 3.9% in the second quarter and 1.9% in the third quarter of 2004. At the same time, the unemployment rate was up 5.5% in October 2004.


?Productivity is up, but fewer people are doing more,? said Jennifer Loftus cheap nike air max 270 , SPHR, CCP, CBP, GRP, and National Director of HR consulting firm, Astron Solutions. ?In addition cheap air max 270 china , the number of 25-34 year old workers will decline by 2.7 million by 2008, resulting in a predicted shortage of 10 million workers within the next ten years.?


Turnover can be very costly. According to the Society for Human Resource Management (SHRM), each employee who leaves a company generates a cost. Conservative estimates place that cost at 30% of an employee's salary. For example, an organization that loses and replaces 150 employees a year, each at an average annualized salary of $50,000 cheap air max 270 for sale , incurs an estimated turnover cost of $2,250,000 in one year.


Making changes to recruitment and retention programs can make a difference. As Loftus explained, ?If the same organization that replaced 150 employees were to implement changes, they would enjoy a $22,500 decline in recruitment and retention costs with each 1% decline in turnover. By working to improve the employment relationship cheap air max 270 , they would also reap the recruiting benefits of a reputation as an employer of choice.?


Communication is the key ingredient in finding what will best motivate and meet employee needs by asking employees directly about what motivates them. ?In order to avoid losing valuable employees, employers must expand their retention efforts by getting inside the hearts and minds of employees and candidates,? said Loftus.


One retention and motivation option is instituting a variable compensation program. Team and small group variable compensation programs link organizations and their employees towards particular goals, while providing several benefits including increased total cash compensation opportunities, no increase to fixed salary costs, greater opportunities to reward top-performing employees and departments http://www.cheapairmax270discount.com/ , enhanced goal setting, and improvement in organizational processes and fiscal situations.


Astron Solutions? client, Boston Children's Hospital launched a small group variable compensation program for their patient financial services department when their days in receivable had increased to 110 days. A quarterly incentive program was formulated focusing on the department's efforts to decrease days in receivable, with a maximum incentive pool equivalent to 20% of the department's total quarterly payroll. Cash payouts were equal among all employees, with the understanding that performance needed to be kept at satisfactory levels in order to be eligible for participation and payouts.


The results were extremely positive. The employees learned how to work more efficiently together as a team, the hospital greatly decreased its days in receivable which generated positive cash flow cheap air max 270 kids , and the employees increased their take-home cash without causing the organization any fiscal strain.


Of course there are other options. Spot cash awards are another option for organizations looking to motivate their employees, as well as non-monetary recognition awards such as public 'thank you's? or recognition in company newsletters for a job well done. In addition, career matrix programs are a way to motivate employees by linking performance, job complexity, and career advancement. What works best really depends on your employees. ?Employers should ask their employees how they would like to be rewarded. For example, employees who work for not-for-profit organizations know that money can be tight cheap air max 270 mens , and will often be an organization's best source of ideas with faster buy-in and appreciation,? said Loftus.


With these various choices, employers should not feel like the spinning impaired, miller's daughter from the beloved children's fable, ?Rumplestiltskin.? Low cost solutions for retaining and motivating employees are readily available, proven to be effective cheap air max 270 womens , and are relatively easy to execute, resulting in a ?happy ending? for employers.


Astron Solutions is a consulting firm dedicated to the delivery of HR consulting services and supportive technology. To reach Jennifer Loftus directly, please call 800-520-3889 or email her at jcloftus@ .

>Running a Successful Business is a Breeze When You Have Best Bookkeeper Service

Posted by proledge on January 17th, 2019


Running a business is not at all an easy job. The reason why most of the businesses fail is because of the lack of proper foundation. A crucial factor is keeping a solid bookkeeping system. Fulfilling tax requirements is not the only relevant task it does, it also gives you a clear picture of the organization’s financial viability. This article is about the best bookkeeping practices one can implement to run the business effectively and generate revenues. Keep on reading.


Top 11 Tips and tricks to get the best outcome in your business


Keeping the records organized : This is especially for the small businesses. If you are running a business which is growing rapidly however at an initial phase, then plan to stay organized the entire year. This is to avoid inconsistency during tax time.
Keeping your business and personal finance separate : You should keep a separate bank account for your company to avoid confusion and to save time.
Using cloud accounting software to bring real time reporting and automate redundant tasks.
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