How to Onboard Young Professionals to Peak Performance

How to Onboard Young Professionals to Peak Performance

Onboarding, also dubbed organizational socialization, helps new hires acquire the necessary knowledge, skills, and behaviors to become effective and engaged employees. Research has shown that successful onboarding strategies raise the odds of positive outcomes for new employees – including higher job satisfaction, better job performance, greater organizational commitment, a reduction in stress and less likelihood of quitting. However, human resource leaders and managers need to tweak onboarding techniques for the growing number of young employees who are members of the Millennial Generation (also known as “Generation Y”). The reason? This newest crop of young professionals tend to be highly educated and remarkably proficient in using technology, yet too often ill-prepared for the workplace with a tendency to feel entitled and sometimes even downright disrespectful. By incorporating an understanding of Millennials’ values and goals, an updated onboarding process can zero in on what it is that makes this generation “tick” and …

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Making Flex-Work Work for Everyone

Making Flex-Work Work for Everyone

Flex-work is a growing trend, with many companies worldwide offering employees a level of choice about when and where they work. Touted benefits include improved health and employee loyalty and lower office costs. However, successful flex-work programs don’t just happen. Making flex-work work requires strong, clear management and communication, a transition to output-based management and full team member engagement. Clear Management and Communication Employers must be able to articulate the why and the how of their flex-work policies. All flex-work arrangements should provide a clear benefit to the organization. Options, parameters and degrees of formality or duration should be communicated clearly, and a consistent process for requesting, implementing and assessing flex-work options should be developed to ensure clarity and fairness. Output-Based Management In a flex-work environment, management by presenteeism is neither relevant nor appropriate. By allowing employees to customize their work structure, you are necessarily refocusing on results. For a …

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Trends in Skill and Education Requirements Changing

Trends in Skill and Education Requirements Changing

According to Jennifer Schramm, GPHR, manager of workplace trends and forecasting for the Society for Human Resource Management (SHRM), today’s tough job market has resulted in many individuals working in positions for which they have educational qualifications beyond those required for their jobs. “However this may not be the case down the line,” Schramm said. “Education requirements are climbing for jobs across the board.” That’s the conclusion of research conducted by SHRM in partnership with Achieve (a bipartisan, non-profit organization that helps states raise academic standards), involving a national survey of nearly 4,700 HR professionals. The goal? To find out where HR professionals believe skill and education requirements for various positions are headed in the near future. An Analysis of the Responses Reveals these Important Trends: Almost half of the HR survey participants said that a higher education level is required for most jobs now than ten years ago. Compared …

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Do Your Policies Make It Too Hard for Employees to Use Their Benefits?

Do Your Policies Make It Too Hard for Employees to Use Their Benefits?

The employee benefits your company provides aren’t worth much if your employees can’t figure out how to use them or find the process you’ve established too onerous to bother with. Employees who don’t understand their benefits will express less satisfaction with them, and policies that make employees jump through a bunch of hoops to use those benefits will often discourage them from trying. Problematic policies may include requiring a doctor’s note to take a sick day, not communicating clearly about benefit enrollment deadlines, or requiring real-time monitoring or reporting requirements for employees to take advantage of flexible work arrangements. Here’s what you need to do to make it easier for employees to access their benefits. Shift Your Mindset Keep in mind that the benefits you offer are meant to attract and retain the top talent you need to build your business. Federal law doesn’t mandate paid time off for vacations, …

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Big Data Trends in the Financial Industry

Big Data Trends in the Financial Industry

Banks, brokerages and other financial institutions are all looking for ways to put big data to work these days. According to a study by the IBM Institute for Business Value, more than 70% of financial companies that use big data analytics say it creates a competitive advantage for their organization.   Financial organizations tend to have a lot of data, and mining that data can help them find a way to maintain their edge with customers. “The key is making sure you use big data for what it is, a signal of how people have responded to a set of past circumstances,” says Eric Nalbone, head of performance marketing for Kabbage, which provides funding to small businesses. Here’s a look at the biggest trends in how financial firms are using big data in their organizations. Applying It to Risk Management Financial institutions and companies that want to protect themselves and …

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