Retention Management and Metrics

Retention Management and Metrics

By Roxanna Coldiron No organization can succeed without their employees. Whether the company is large or small, the employees drive the business through their efforts to meet and exceed productivity goals and fulfill the company’s mission. Retaining key employees and reducing employee turnover should be the goal of every organization, but how can companies measure their retention strategies and manage their teams better? This is where retention management and metrics come in. The right combination of metrics can help can organization to manage their retention success and lessen the turnover rate, as well…Continue Reading
Financial Stress: The Effect It Has On Employees

Financial Stress: The Effect It Has On Employees

By Roxanna Coldiron If it seems as if your employees are using more and more of their sick leave, it could be that they are dealing with financial stress. An American Psychology Association survey revealed that 72 percent of Americans feel stressed about their financial situations and 22 percent feel “extremely stressed.” Stress can cause employees to feel ill, lower their motivation and decrease their productivity at work. Causes of financial stress CNBC reported that 80 percent of Millennials with student loan debt experience “significant” or “very significant” stress. No wonder! The student…Continue Reading
Aging Workforce: How To Attract New Talent as Baby Boomers Retire

Aging Workforce: How To Attract New Talent as Baby Boomers Retire

By Roxanna Coldiron Until the Millennials arrived on the scene, the Baby Boomer generation had been the largest living generation in the United States. Millennials, many of whom are in their mid-twenties to mid-thirties, have since surpassed the aging Baby Boomers and are gaining in the workforce as the older generation retires. According to Pew Research, the United States had an estimated 79.8 million Millennials compared with the estimated 74.1 million Baby Boomers in 2016. Immigration also contributes to the continued growth of Millennials as younger people come to the United States for…Continue Reading
The Importance of Succession Planning

The Importance of Succession Planning

By Roxanna Coldiron Imagine what would happen if top executives retired, quit or otherwise left your organization today. Would you have any employees who could fill in the gap? Succession planning provides a solution for companies to fill future roles within the organization. Whether your organization wants to identify the leaders in your company or cross-train employees for various positions, a succession plan is a must for companies that want continued growth during leadership changes and top executive departures. How to develop a succession plan Understand your organization’s long-term goals. Which direction does…Continue Reading
Workplace Culture Index: Why Company Culture Matters and How To Create One

Workplace Culture Index: Why Company Culture Matters and How To Create One

By Roxanna Coldiron Let’s imagine two companies: Company A and Company B. Company A suffers from high levels of turnover, a lack of employee loyalty, and increased costs in both production and human resources. Everyone on the team is new and has no idea what to do. The productivity of the company begins to take major hits. Company B does not have this problem. Instead, Company B’s employees enjoy coming into work and believe in the company’s mission and goals. Company B always has enough employees to meet demand for their products and…Continue Reading
Make Open Enrollment Fun This Year

Make Open Enrollment Fun This Year

By Roxanna Coldiron Open enrollment for benefits has arrived! It can be a confusing process for both employers and employees to navigate open enrollment, but it doesn’t have to be a chore. Finding ways to make it fun can not only smooth the process for your human resources team but also make it an enjoyable experience for all of your employees. Contests and Other Incentives Boost employee incentive by seeing which department can complete the most open enrollments first. The department who finishes the open enrollment process before the other departments gets a…Continue Reading
Increase and Incentivize STEM Talent

Increase and Incentivize STEM Talent

By Roxanna Coldiron STEM majors, those degrees centered on science, technology, engineering and math, might be in high-demand for employers, but are STEM majors in high demand for college students? The National Bureau of Economic Research uncovered that STEM majors often come with a higher tuition than non-STEM majors. Engineering tends to be the most expensive major at $569 per credit hour or more, while humanities majors can cost as low as $280 per credit hour. The cost of tuition factors in the decisions that students make when choosing a major. While STEM…Continue Reading
Trump Administration May Put Public Service Loan Forgiveness On Chopping Block

Trump Administration May Put Public Service Loan Forgiveness On Chopping Block

The Public Student Loan Forgiveness (PSLF) program might be on the chopping block for the new administration’s budget. According to the Washington Post, people who will qualify for forgiveness this year will not be affected, but those who were betting their education on the PSLF will need to rethink their strategy. College comes with a hefty price tag. The PSLF program has been a factor that many students consider when deciding to enroll in college or when choosing a career. Public sector and not-for-profit jobs typically offer lower pay rates than the for-profit…Continue Reading
More cash or more benefits? Which keeps employees?

More cash or more benefits? Which keeps employees?

In my conversations with business and human resources leaders on the topic of student loan paydowns as an employee benefit, I sometimes get asked the question “Why don’t I just give my employees more cash instead and let them figure out where to spend it?” The whole purpose of offering an employee benefit or perk is to reduce the time, stress and cost of an employee having to deal with it on their own.   For example, enrolling in life insurance through an employer guarantees a certain amount of coverage, eliminates having to do…Continue Reading
New Grads: Negotiating Your First Job Offer

New Grads: Negotiating Your First Job Offer

by Roxanna Coldiron Congratulations! You’ve graduated from college with several job offers in hand. Having your degree and now a job in your field happens to be one of the greatest feelings in the world. But you don’t have to accept the first job offer that comes your way. Most recent graduates aren’t aware that they can negotiate their job offers with employers. According to Payscale, employers expect you to negotiate. You might not always able to ask for a higher salary when you’re first starting out in your career, but you do…Continue Reading