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Employee Benefits Open Enrollment Secrets

It’s benefits season, and that means employees are making mistakes that will cost them in headaches and dollars. “You really have to sit down and pay attention to your benefits like you never had to before,” says Judith Wethall, an employee benefits lawyer with McDermott Will & Emery in Chicago. It’s complicated enough if you’re single. But if you’re married, or have kids who can get insurance on their own or on your plan, it’s even more so. “It’s a coordinated effort,” Wethall says.

Here are 5 insider tips for acing open enrollment. Forbes’ Kelly Anne Smith has more on open enrollment angles for single Millennials here.

Tip #1: Print your online enrollment confirmation page. More employers are moving benefits enrollment online. That has advantages. The online systems walk you through benefits enrollment like TurboTax walks you through filing your tax return. But online enrollment isn’t foolproof. “We started seeing mistakes this year—‘Oh, I know I logged on; I know I added my husband!’” Wethall says an employee insisted in February. Print out and double check your online enrollment submission. And then, check your first paystub in January.

Today In: Money

Secret: Made a mistake or had a change in circumstance? You probably clicked a button that says that your choices are set in stone once you submit your enrollment. But employers can let you change choices (how much money you put in your flexible healthcare spending account, for example) until before the second paystub of the first month of the new plan year. “That’s a little dirty secret,” Wethall says.

Tip #2: Pay attention to wellness programs. Employers are increasingly offering rewards for good behavior like getting an annual physical and penalties for bad behavior like smoking). Employers must be very clear on what it takes to get a cash reward, such as an employer payment into a health savings account. The rules are strict for penalties too. “People are duped into thinking, ‘Oh, I smoke; guess I have to pay the 50% [healthcare premium] surcharge,’” Wethall says.

Secret: DOL rules say that employers must remove smoking-related surcharges for an employee who attends and completes a free smoking cessation class. You don’t have to necessarily give up smoking, just try. Wethall says she helped one employer through a DOL audit that mandated the employer refund employees $2.5 million in surcharges.

Tip #3: Be a comparison shopper. If you have multiple adults eligible for multiple healthcare plans, it pays to compare them. That’s not always easy, as the open enrollment periods might overlap just a few days, but get a head start when the first plan’s enrollment period begins. Wethall says she plans to move her family off her husband’s health insurance plan onto her employer’s plan this year because her plan started offering new premium subsidies. Their 22-year-old daughter has a new job with coverage, so they’re deciding whether to add her to the new family plan—or to have her opt for cheap single coverage on her own. One factor to consider when you’re plan shopping: Do any of the plans offer tiered premiums that are lower for lower-paid employees and higher for higher-paid workers? Another thing to watch out for is high spousal surcharges—when companies increase your premium by up to $100 a month if your spouse is offered coverage at work.

Secret: Children can stay on their parents’ health insurance plan until they turn 26, even if they’re offered employer coverage of their own. But just because they can, that doesn’t mean it’s the best option.

Tip #4: Learn the alphabet soup of special tax-advantaged accounts. If you’re offered a health care savings account, sign up, and you get triple tax-advantaged savings. Use it today for immediate savings or invest the money and use it as a retirement healthcare kitty. (Check out the details, including the 2020 HSA limits: $7,100 for family coverage). Don’t confuse an HSA with a healthcare flexible spending arrangement. The FSA limit is $2,750 for 2020, and you must spend it or forfeit it during the plan year (some employers let you carry over $500).

If you have kids under 13, fund a dependent care FSA, which is used to help pay for child care expenses, including day camp. There’s a $5,000 limit per family (some employers have lower limits), and there’s no carry over provision. It’s safer to underestimate expenses for a dependent care FSA because you can always take the dependent care tax credit on your income tax return (note: the credit is generally less valuable than the dependent care account).

Secret: Watch out for picky rules that might cost you. For the dependent care FSA, day camp counts but overnight camp doesn’t. And it’s not the year your kid turns 13, but the day he turns 13, that he becomes ineligible. If you have an HSA, your FSA must be a limited purpose FSA for dental and vision expenses only, and if you have family coverage, your spouse can’t separately sign up for an FSA at their employer. If you’re 55 or older, you and your spouse can each make $1,000-a-year extra contributions to the HSA.

Tip #5: When in doubt, call HR. “Employees aren’t advocating enough for themselves,” Wethall says. In one case, a woman who was paying for family coverage tried to add her newborn third child through an online system by the 30-days-after-birth deadline but it wouldn’t take without a Social Security number which hadn’t been issued yet. The baby ended up in the hospital after a car accident without coverage. The employer did retroactively pay for the baby’s care, but it would have saved a good deal of stress and anxiety if the employee had spoken up, as HR would have overridden the system, Wethall says.

Secret: HR can send you the plan description for details beyond what’s in open enrollment materials. And remember HR can get their benefits lawyer on the line to help. Be persistent. It’s your family’s money after all.

Follow me on Twitter or LinkedIn. Send me a secure tip.

I’m an associate editor on the Money team at Forbes based in Fairfield County, Connecticut, leading Forbes’ retirement coverage. I manage contributors who cover retirement and wealth management. Since I joined Forbes in 1997, my favorite stories have been on how people fuel their passions (historic preservation, open space, art, for example) by exploiting the tax code. I also get into the nitty-gritty of retirement account rules, estate planning and strategic charitable giving. My favorite Forbes business trip: to Plano, Ill. to report on the restoration of Ludwig Mies van der Rohe’s Farnsworth House, then owned by a British baron. Live well. Follow me on Twitter: http://www.twitter.com/ashleaebeling Send me an email: aebeling@forbes.com

Source: Shhh! Employee Benefits Open Enrollment Secrets

25.5K subscribers
Most companies provide benefits to workers as part of a total rewards package that ideally enhances their satisfaction with work. A benefit is a tangible indirect reward provided to an employee or group of employees for organizational membership. Benefits can influence employees’ decisions about which employer to work for, whether to stay with or leave an organization, and when to retire. What benefits are offered, the competitive level of benefits, and how those benefits are viewed by individuals all affect employee attraction and retention efforts. A benefit is a tangible indirect reward provided to an employee or group of employees for organizational membership. Organizations design benefit plans with a goal of providing value for employees while remaining cost-effective for the company. Many key decisions must be made as part of benefits design. The Social Security Act of 1935 and its later amendments established a system to provide old-age, survivor’s, disability, and retirement benefits. Medicare is a government-operated health insurance program for older Americans (age 65 and above) and for some citizens with disabilities. Workers’ compensation are security benefits provided to workers who are injured on the job. Unemployment compensation is money that substitutes for wages or salary, paid to recently unemployed workers under a program administered by a government or labor union. Unemployment compensation is meant to provide a source of income for jobless workers until they can find employment. Offering retirement plans are a staple of the total rewards mix in any organization, critical to attracting, retaining and motivating talent. Employees often consider health plans to be one of the most important benefits that companies offer. Some companies have started to offer a variety of innovative health care programs that provide better services to employees. The Family and Medical Leave Act of 1993 (FMLA) is a United States labor law requiring covered employers to provide employees with job-protected and unpaid leave for qualified medical and family reasons. Since the enactment of the FMLA, a significant percentage of employees have taken family and medical leave. Many employers have found PTO plans to be more effective than other means of reducing absenteeism, scheduling time off, increasing employee understanding of leave policies, and assisting with recruiting and retention.

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4 Hard Truths About Why Your Key Team Members Quit

A while back we talked about the real reasons why you weren’t hiring new employees, and shared the hard truths behind why you might be hesitant to find and hire new talent despite a need for help. Today, I wanted to share a little more hard truth- this time surrounding the reasons why your employees quit. As a business owner, you may have an idea of why you have turnover, but it generally boils down to four main categories.

1. Lack of Recognition

One of the main reasons that employees look for another position has to do with lack of recognition from management. They think “I have been busting my hump for these people for the last ten years and I haven’t had a raise in three and all they ever do is give praise to Julie and I have done twice as much as Julie….etc” Really taking the time to celebrate victories with your employees and recognize their hard work goes a long way to keeping them happy in their current position. And it’s important to think outside of the “employee of the month” box and really get to the heart of recognizing hard work and talent on your team.
Hiring Tip: If your job opening has growth opportunities make sure to list that in the listing. A lot of job seekers are looking for this specifically and will help you stand out amongst the crowd.

2. Lack of Growth

Does the position have the opportunity for promotion? Employees that have no promotion opportunities, are already at the top of their pay grade and have no coaching or mentorship opportunities available to them are the most likely to leave to look for something else. Depending on your company, you may not be able to offer up a promotion in the traditional sense but mentoring or coaching your key team members to grow in their field can go a long way to keeping them interested and engaged.

Hiring Tip: Instead of hiring for a project manager right out of the gate consider hiring for a project manager level 1 or level 2, allowing the candidate room to be promoted over time.

3. Lack of Management

We have all heard the phrase, “people don’t quit jobs, they quit managers.” And this is very true. If they aren’t getting recognition, training or advancement opportunities it’s usually because of a manager. You want to make sure that your managers know what they’re doing and value their team and are doing all those things that are important to be able to keep those people.

4.Money

Everyone has economic needs and it’s important to pay your employees fairly. This should be a given. But when we talk about money and compensation it really comes down to two things.

  1. Are you being fair? Are you paying the person what they are worth to the company?
  2. Are you being respectful? Are you paying them what the market values their skill set at?

We can’t all compete to pay the highest wage, but you can make sure that you are being fair and respectful of your employees and their economic needs.

Hiring Tip: It’s also important to note here that often times when an employee comes to you asking for more money, what they really mean is that they want more independence, autonomy or growth opportunities. Those things can often be achieved with a larger salary, but there are other ways to make an employee feel appreciated without offering up more money. So if you are paying a fair wage, it might be a good idea to look at other factors that are at play here.

David Finkel Author, ‘The Freedom Formula: How to Succeed in Business Without Sacrificing Your Family, Health, or Life’

Source: 4 Hard Truths About Why Your Key Team Members Quit

63.3K subscribers
What To do When Your Network Marketing Team Members Quit ***Download my Guide to Generating Business & Sales Online here: http://www.tanyaaliza.com/40download In this episode, I share my best network marketing training tips on how to get past the frustration and disappointment that can linger on when someone quits your network marketing team. What’s your initial reaction when someone in your team decides to quit your network marketing team? Do you turn around and say, “Have you gone mad?!”  Or do you wish them well and mean it? Despite your best efforts to coach and support team members, there will always be some that leave. Everyone has their own theory on why people quit network marketing, but generally, people quit things all the time. They quit their job, their marriage, college, their dreams and every industry imaginable. It’s a fact of life and it’s inevitable. However, for most people, this kind of event shakes them up and leaves them feeling frustrated and disappointed. It may have already happened to you, and it’ll most certainly happen to all network marketers. So, if you’re stuck on an emotional roller coaster every time someone in your network marketing team decides to take a hiatus, then this network marketing training is for you. In this episode, I’ll be sharing some tools and strategies I use that will help you prepare for this type of situation and not allow it to detract you or prevent you from growing your business ****Download the FREE Resource mentioned in this video – My Guide to Generating Business, Leads and Sales Online – http://www.tanyaaliza.com/40download ———Connect With Tanya———— Tanya Aliza on Social Media: http://www.tanyaaliza.com http://www.facebook.com/tanyaaliza http://instagram.com/tanyaaliza http://twitter.com/tanyaaliza Share this video – https://youtu.be/6yUaFH23DC0 About this video: In this episode I share with you some of my Network Marketing Team training tips so that you know what to do if you have a teammate quit or cancel. In this network marketing training I also share so network marketing tips so you can understand why people quit. I hope you find this one of your most best network marketing training.

8 Fears That Prevent Honest Employees From Telling Managers the Truth

Do you ever secretly feel like your team is withholding information? That you’re only getting half of the story? Or that employees are just telling you what you want to hear?

You’re not alone. According to a SimplyHired survey, more employees fib to their supervisors than to their co-workers or subordinates. Combine this stat with those employees who don’t say anything at all, and you’re looking at a wide-spread lack of reliable information.

So why do employees feel like they have to lie?

The truth? They’re afraid of repercussions. They’re scared of the exposure that comes from being open and honest, especially with managers.

Little white-lies about staying home sick are one thing, but when employees consistently withhold the truth from their managers and teams, engagement suffers, and productivity is stifled.

Root Inc., a management consulting firm that’s worked with many Fortune 50 companies, sees this issue surface most frequently during times of organizational change. As companies go through cultural, procedural, or structural shifts, employees are afraid of what telling the truth might do to the status of their jobs.

The issue is that as truth-telling declines, cost, bureaucracy, redundancies, and a lack of confidence in the future all rise, warns Root.

They specifically called out eight common fears that drive employees to guard their words.

  1. The fear of indictment for past performance
  2. The fear of being branded and punished for not being on board
  3. The fear of offending a teammate or colleague
  4. The fear of not being accepted by the team
  5. The fear that speaking the truth will zap valuable time and energy and never be resolved anyway (don’t open a can of worms)
  6. The fear of not being valued if I say what I really think
  7. The fear that it is just not safe to talk about the truth
  8. The fear of letting them know you don’t have it all figured out

Managers: Provide air cover and encourage employees to be authentic.

Regardless of how hard you try, organizational change cannot be morphed into an industrial process. It’s not a mechanical nor formulaic system where you’re guaranteed a positive outcome by sticking to a script. Change is a very human experience; it’s organic.

To encourage employees to open up and be honest, and to support change momentum, managers have to provide the right conditions. In the words of Sir Ken Robinson, British author, speaker, and advisor, managers have to shift their mindset from “command and control” to that of “climate control.”

Regarding honesty, we’ve all been in meetings and, due to the fear of seeming incompetent, have held back questions or ideas. It’s unnerving to feel like you’re in an environment where everything you do or say is under a microscope. Understandably, it keeps you from disclosing information and feelings.

But imagine a different setting. A situation in which everyone is safe to take risks, voice their opinions, and ask judgment-free questions; a culture where managers go first, provide air cover, and create safe zones so employees can let down their guard and speak up.

That’s the goal.

Michael Schneider Human capital specialist, Welltower

Source: 8 Fears That Prevent Honest Employees From Telling Managers the Truth

2.5K subscribers
** Please Like the Video and Subscribe, Thanks ** So what’s the right strategy to dramatically increase employee engagement in your organization? Well let’s first talk about the wrong strategy… Usually, someone from HR has to convince the CEO to spend money on an employee survey. And when the results come back, the data is hoarded by the senior leadership and a committee is formed to brainstorm ways to improve engagement. The committee implements things like an employee appreciation day, an awards program and perhaps even a tweak to the benefits. But the problem with this approach is that over seventy percent of the variance in engagement correlates to the manager. In other words, who your boss is. Front line leaders are the regulators of engagement. So all those top down ideas don’t matter if you’ve still got the same boss, and if your boss hasn’t changed his behaviors. The right employee engagement strategy instead of being top down, is from the bottom up. First, if you want to improve something, measure it. So you do need to conduct an employee engagement survey. Second, make sure each manager gets her own score report. What is the engagement score for her team, and how does it compare with the average score throughout the company. Finally, third step…have managers shares their results with their own teams. It’s not an HR meeting, nothing fancy or formal. Grab a pizza, get in a conference room and do it over a long lunch. The manager is the facilitator, not the problem solver. What areas did we do well in? What should we focus on for improvement? Because the front line workers are the ones who completed the survey, THEY are the only ones who can tell you what needs to change. The answers can’t come from above. -~-~~-~~~-~~-~- Most Recent Video: “How To Talk ANYONE Into ANYTHING | Negotiation Tips From Former FBI Negotiator Chris Voss ” https://www.youtube.com/watch?v=7jqj3…

There’s No Such Thing as a ‘Sometimes’ Flexible Schedule and ‘Occasional’ Remote Work Policy. Here’s Why

Note: Inc.’s Ask a 20-Something series offers sage advice for navigating all manner of workplace issues, from the perspective of a young employee.

My under-30 employees have recently been lobbying for flexible hours and work-from-home policies. I’m convinced they’re just going to abuse those perks, and our productivity will nosedive. Is there an easy way for me to meet them halfway?

Nope.

Before my editor chews me out for writing a one-word advice column, let me explain: Flexible hours and work-from-home policies are all-or-nothing propositions. If you institute half-measures–offering these policies only sometimes, or to some employees but not others–you’ll come across as inconsistent, or worse, as playing favorites. So, no, you’re not going to meet your employees halfway here.

These policies function on accountability and trust, and clearly, you don’t trust your young employees. I’ve gotta say, that seems pretty paranoid to me. Think about the last time you took a sick day. Did the entire office fall into shambles in your absence? If not, it sounds like you need to do some serious self-reflection here. Figure out where those trust issues come from.

And if your office did fall apart, I don’t think your under-30 employees are entirely to blame. Either you’ve made some serious hiring mistakes, you’re terrible at motivating your employees to buy into your mission, or you’re doing too much yourself and not delegating important work to others.

Let me dispel a myth for you: Young workers aren’t trying to game the system. Your average 20-something is well aware that it takes hard work and dedication to get ahead, especially because we constantly find ourselves fighting against the (very dumb) stigma that Millennials are inherently lazy and entitled.

That stigma colors everything you tell us. If anything, we work harder than usual to make our presence known to our bosses when we work remotely, because we believe we can’t rely on our work to speak for us. When you say, “I need you in the office,” here’s what we hear: “I don’t trust you to do your job unless I’m literally watching you work.”

I’m not going to lie. That’s hurtful.

Just for the sake of argument, let’s assume I’m right. It invites the question: Why do your under-30 workers want flexible hours and work-from-home policies? What a great question. You should ask them. Out loud. With words.

Maybe they work second jobs to help pay off their student loans. Maybe their commute sucks–a 2018 study from HR consulting firm Robert Half found that 23 percent of workers have quit a job because of their commute.

Or, maybe they’re just trying to get a little more sleep–which would make them more productive, not less. A 2018 study published in the journal Sleep, for example, found that sleeping five to six hours a night cuts your productivity the next day by 19 percent, compared with a baseline of seven to eight hours per night. Nineteen percent!

When you learn the reasons behind their request, you’ll have a much stronger idea of how the added flexibility might benefit them–and you. That’ll help you make an educated decision. And don’t forget: You can always implement these policies on a limited basis, especially as a way of testing the waters. Designate a single work-from-home day each week, or try it on a month-by-month basis. See what happens. You may be pleasantly surprised.

To submit a question for Ask a 20-Something, email calbertdeitch@inc.com. Your query could be featured in a future installment.

By:  Cameron Albert-Deitch Reporter, Inc.

Source: There’s No Such Thing as a ‘Sometimes’ Flexible Schedule and ‘Occasional’ Remote Work Policy. Here’s Why

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Visit our website for more info: http://www.doverecruitment.com.au/ Regardless of the size of your business, policies and procedures in the workplace have never been more important. Regulations, legislation and codes of practice are forever changing, so it’s important to ensure you remain compliant. In this episode, Michelle from Dove Recruitment explains the difference between policies and procedures. She explains that policies act as a guideline for all decisions made within the organisation, and ensure day to day operational tasks meet the legislation requirements that are relevant to your industry. Whereas, procedures explain how to perform day to day tasks and duties in line with company policies. Not only that, but Michelle outlines the numerous benefits having policies and procedures provide to your business. Some of these include: -Consistency with your company values and relevant legislation -Proof that your business is operating in a compliant, efficient and professional manner -Assisting with company and staff performance reviews and assessments -Providing framework for business structure, business planning and job descriptions If you don’t have current policies and procedures in place and have no idea where to start, why not get in touch with your relevant industrial relations body for assistance.

Want More Productive Employees? Research Reveals that Managers Matter Most

Gallup has released compelling evidence that the most important factor for employee engagement and productivity can be summed up in one simple word: managers.

In fact, writes Sam Walker in The Wall Street Journal, after a decade of data from nearly 2 million employees, Gallup has proven that managers don’t just have a small influence on productivity; “they explained a full 70% of the variance. In other words, if it’s a superior team you’re after, hiring the right manager is nearly three-fourths of the battle.”

Good news, maybe, unless your organization has spent the last decade or so making it more difficult for managers to succeed–eliminating managers’ positions, making managers responsible for producing more work (instead of just leading people), cutting back on learning and/or promoting based on people’s expertise instead of their ability to lead team members.

There is so much you can do to address these issues; for example, read Justin Bariso’s piece on how Google identified core people-leading behaviors and then trained managers on how to develop those behaviors.

But I suggest you start by helping managers develop one core competency: the ability to communicate effectively with team members. In fact, out of the 10 attributes Google targets, seven are based on communication skills: is a good coach, empowers people, creates an inclusive team environment, listens and shares information, supports career development by discussing performance, has a clear/vision strategy for the team and collaborates across the company.

Despite the importance of communication, managers are often poorly prepared for their role as key communicator. They may not have the skills, the knowledge or the confidence to communicate effectively. And many managers think of communication as “something else I have to do” rather than an integral part of their job.

What should companies do to set managers up for success? Take these 5 steps:

1. Make sure you clearly articulate communication roles. Be specific about what and how leaders communicate–and what you expect managers to share. Ask your HR manager to include communication into managers’ job descriptions so the expectation is baked into their role.

Of all the skills managers need, effective communication is perhaps the hardest to improve. This is because communication isn’t a single skill. It’s actually a complex set of skills that build upon one another. Through my firm’s work with managers, we’ve identified these skills–25 in total–and organized them into a hierarchy of skill groups, starting with foundational skills and building to more advanced skills.

2. Hold managers accountable for engaging their team members by providing reinforcement in performance management and pay.  You know the problem: Unless communication is part of the formula to give managers raises or bonuses, it won’t be a priority. So make communicating essential to managers’ success.

3. Invest time in making sure managers understand content. Especially if the topic is complex, a 20-minute presentation is not enough to make managers comfortable. To design sessions that give managers the confidence they need to present, try the following:

  • When planning to brief managers, allocate at least 90 minutes for the meeting.
  • If possible, get everyone together face to face. If your office is too distracting, consider taking managers off site.
  • Of course you’ll present content, but presentations should be the shortest part of the meeting. Allow at least 50 percent of the time for questions and dialogue.

4. Create tools to help managers share information. You might consider:

  • A very short PowerPoint presentation. Managers won’t give a detailed presentation, but they will use a short (5-8 slides) PPT to share highlights at staff meetings and during one-on-one discussions.
  • A one-page guide that makes it easy for managers to have everything they need. This guide that contains all essential information: what is changing, when, why and how.
  • FAQs. Compile Frequently Asked Questions in a document that provides the questions employees are likely to ask, along with the answers managers need. The key is to include the toughest questions so managers are ready any time team members approach them with a question.

5. Develop a microsite or a social network group
It’s the perfect place to house resources and build skills. Make it social by including discussion threads, so colleagues can share challenges and solutions. Provide access to on-demand learning that can be accessed quickly when faced with a challenge.

Once you start providing managers with support, ask for feedback to determine which methods have the greatest impact.

By: Alison Davis

Source: Want More Productive Employees? Research Reveals that Managers Matter Most

Why Companies Should Let Employees Work Remotely And Travel More

Caroline Pinal is the Cofounder of Giveback Homes.

“While working remotely and employee volunteer programs are both on the rise, there are still many companies and leaders that haven’t realized the value of letting your employees commute less and travel more, especially for social good,” says Caroline Pinal, the cofounder of Giveback Homes. The social good real estate company has built hundreds of homes for people in need across the U.S., in Puerto Rico, Nicaragua and Mexico.

Through Giveback Homes, Pinal works with real estate agents and brokerages across the country to provide them with impactful volunteer opportunities and projects to donate to and support. The company also offers its community with marketing and communication tools to help share their philanthropic endeavors with their clients, friends and family. “My favorite part of the gig is leading a group of realtors to Nicaragua to help build homes for families in need,” Pinal says. “We do it once or twice a year and it’s always so cool to see people experience that for the first time.”

Like many people, Pinal always had it in her heart to travel abroad and do good in the world, but she didn’t have the resources, funds, or time off to make it happen. It was just something she dreamed of doing “someday” when she was older and more established. And then she found a job at TOMS. The company, which pioneered the “buy one, give one” business model with its shoes, sent Pinal on a giving trip to El Salvador where she helped distribute shoes to children in need. “I look back on that experience and think how incredible that my job not just encouraged, but provided that opportunity to travel and give back to me and every employee? And why is that so still rare?”

During that time, Pinal also met her now best friend, Blake Andrews, who worked at TOMS with her. A few years later, the two had the idea of applying the TOMS model to the real estate world, and together they founded Giveback Homes. Part of their business model involves giving employees the opportunity to work remotely and travel, which she feels is her life purpose. “We take realtors from all over the country on social impact experiences. We’re building homes, getting people out of their comfort zones, and connecting them with people from other countries in a way that will impact them forever and inspire them to do more,” Pinal explains.

“It’s obviously standard for companies to give vacation days or paid time off, but most people (understandably) use that time for vacation,” Pinal says. “What if in addition to vacation, companies offered paid opportunities to travel and volunteer abroad? Salesforce, Timberland, Patagonia, and IBM are among the companies that currently offer paid volunteer abroad opportunities to their employees. What if every Fortune 500 company – and even smaller companies like TOMS – did the same? Imagine the impact that would have on the countries and people they’d be helping around the world and in the lives of the employees.”

Pinal offers these reasons why more companies should offer their employees paid opportunities to volunteer and more flexibility in their everyday work:

Follow me on Twitter or LinkedIn. Check out my website.

MeiMei Fox is a New York Times bestselling author, coauthor and ghostwriter of over a dozen non-fiction books and hundreds of articles for publications including Huffington Post, Self, Stanford magazine, and MindBodyGreen. She specializes in health, psychology, self-help and finding your life purpose. Fox graduated Phi Beta Kappa with honors and distinction from Stanford University with an MA and BA in psychology. She has worked as a life coach since 2009, assisting clients in developing careers that have meaning and impact. At present, she lives in Paris, France with her twin boys and the love of her life, husband Kiran Ramchandran. Follow @MeiMeiFox

Source: Why Companies Should Let Employees Work Remotely And Travel More

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Billionaire’s Secret Buyout Formula: 110 Instructions and an Intelligence Test – Miriam Gottfried & Laura Cooper

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Billionaire investor Robert Smith believes corporate buyouts can be reduced to a formula. His private-equity firm, Vista Equity Partners, has codified that notion into 110 acronym-heavy directives known as Vista Best Practices. They are secret—stored on a company server that makes a record every time anyone downloads or prints them. Target companies must have “critical factors for success,” or CFS, within their control. Employees of acquired companies and candidates for hiring must submit to tests. A personality test aims to determine which of them are suited to which jobs. Salespeople are better off being extroverted, and software developers more introverted………

Read more: https://www.wsj.com/articles/billionaires-secret-buyout-formula-110-instructions-and-an-intelligence-test-1531151197?mod=djmc_pkt_ff&tier_1=21662325&tier_2=dcm&tier_3=21662325&tier_4=0&tier_5=4508749

 

 

 

 

Your kindly Donations would be so effective in order to fulfill our future research and endeavors – Thank you

Making Your Voice Heard at Work – Caroline Fairchild

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Last Thursday while I was sitting at my desk in downtown San Francisco, the sounds of protest filled my ears. Down the street in multiple directions, Marriott employees staged protests to fight for a living wage. And closer to the water at the Ferry Building, Bay Area Google employees joined their colleagues around the globe in walkouts over the company’s alleged protection of sexual harassers. Walkouts and demonstrations by both Google and Marriott employees come down to one central goal: Making your voice heard. Whether it’s over something big like executive action ……….

Read more: https://www.linkedin.com/pulse/making-your-voice-heard-work-caroline-fairchild/

9 Things That Make Good Employees Quit – Travis Bradberry

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It’s pretty incredible how often you hear managers complaining about their best employees leaving, and they really do have something to complain about—few things are as costly and disruptive as good people walking out the door. Managers tend to blame their turnover problems on everything under the sun, while ignoring the crux of the matter: people don’t leave jobs; they leave managers. The sad thing is that this can easily be avoided. All that’s required is a new perspective and some extra effort on the manager’s part……..

Read more: https://www.forbes.com/sites/travisbradberry/2016/02/23/9-things-that-make-good-employees-quit/#b9248d81b839

More ref: https://youtu.be/KASPyVCJyog

 

 

 

 

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Why Investing In Your Employees Is The Future of Work – Drew Holler

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As we look toward the future of work, it’s becoming more important than ever for companies to understand the needs of their teams, and to build solutions and products to help serve them—whether that’s through training, healthcare, or other investments. At Walmart, we’ve been very deliberate about investing in our associates, particularly over the past three years as we’ve thought about new ways to improve their lives and careers. Education is the latest iteration of that commitment. Between historically low unemployment rates in the US and innovative technologies reshaping jobs, all businesses have a lot of work to do—both in terms of recruiting and upskilling  ……..

Read more: https://qz.com/1410509/why-investing-in-your-employees-is-the-future-of-work/?utm_source=pocket&utm_medium=firefox_placement

 

 

 

 

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