Train to Retain: How to Develop High-Potential Employees to Keep Them

Employee retention is essential for companies looking to build their businesses and boost their bottom lines. But retention alone isn’t the secret of success. High-potential employees who are in line to move up through the ranks of management need to be nurtured, trained and developed. As high-potential employees advance, they will be the ones to mentor and groom yet another generation of your company’s leaders. High-potential employees are highly motivated to grow, develop and advance, and if you don’t take steps to meet these needs, they’re likely to seek work with companies that will. These employees are the ones who will create the innovations and systems that will propel your business through the coming decades, so it’s essential to your company’s future to help them advance their skills and their careers — and to give them reasons to stay with you as they do. Your investment in your employees’ futures …

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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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How to Educate Employees Getting Health Insurance For The First Time

How to Educate Employees Who Are Getting  Health Insurance For The First Time

As a result of the Affordable Care Act — also known as “Obamacare” or the ACA — many people are now getting health insurance for the first time. If your company has extended health insurance to employees who’ve never had it before, you’ll be working with people who need to learn the basics. Here’s how to educate them about their new coverage. Remind Them About Compliance “The ACA is packed with rules and regulations, and employers should let employees know that the company is compliant with the health care reform law,” says Jeannie Wilcox, assistant vice president and director of communications at the Lockton Cos. That’s important because non-compliant employers are subject to fines, and employees without health insurance may face fees. Communicate Before Open Enrollment “As with employees who have had insurance before, it’s important to hold introductory meetings before open enrollment to outline plan basics,” says HR expert Jennifer Brown. She recommends holding an in-person or online …

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Explaining Disability Benefits: Research Shows HR Needs To Do More

Explaining Disability Benefits: Research Shows HR Needs To Do More

If your organization offers disability insurance, what do your employees actually know about these benefits? The answer could be “far less than you think.” Two recent studies indicate that many human resource (HR) departments need to do a better job explaining disability insurance. While thorough information about health insurance and retirement plans is typically provided to employees, it appears that getting the facts about disability benefits to workers may receive less attention. According to a study from the Council for Disability Awareness (CDA), HR professionals generally do have a good understanding of the causes of disability. That indicates they should be able to provide clear and useful information about disability insurance to their employees – however, they aren’t necessarily doing this. For example, a survey conducted by the Consumer Federation of America (CFA) and Unum (a leading provider of disability benefits) last spring found that 88% of people who had received disability benefits felt their employers did not communicate important …

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