IS YOUR ORGANIZATION’S PAY ON TARGET?

target

Do you know the answer? Are you confident that your answer is correct?

  • The only way this very important question can be answered with a high degree of accuracy is if your organization periodically conducts a thorough market compensation analysis.

Here’s what a thorough compensation analysis by Trinity does:
1. Compares your organization’s positions to comparable positions in other organizations that are:

    • In your industry
    • Of similar size (as measured by revenue and/or number of employees)
    • In the geographical area in which you would recruit for a position—be that locally, regionally or nationally

2. Does not merely look at a position’s title, but considers its:

    • Duties and responsibilities
    • Education and experience requirements

3. Takes into account the incumbent’s:

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    • Qualifications in comparison to the position’s requirements
    • Performance
    • Other relevant factors

4. Analyzes not just annual salary plus also:

    • Incentive compensation
    • Commissions, if applicable
    • Other forms of compensation

5. Provides position-by-position, person-by-person compensation recommendations based on the analysis

Trinity utilizes an up-to-date, reliable data base of market compensation to expertly and economically perform a customized market analysis for your organization.

Posted in Compensation & Performance Management

CHANGE MANAGEMENT: PART 4 – SIX PRINCIPLES OF CHANGE

8-4-2014At some point every organization realizes that it needs to make changes. In some cases, the change is necessary to continue to be successful. In other instances, it is necessary in order to survive.

In either circumstance, there are six principles that determine, to a large extent, the degree to which the change will be successful and the amount of pain involved in achieving success.

Principle #1: Vision

  • People follow a leader whose vision is a desirable objective.
  • Very little changes without someone championing the desired change.

Principle #2: Communication

  • People follow a leader who effectively communicates her/his vision & the plan to achieve it.

Principle #3: Motivation (also known as the Principle of “WITC-FM”)

  • WITC-FM is not the name of a radio station, but it is similar to one in that, when change is taking place, people listen for What’s In This Change For Me.
  • People follow a leader who gives them compelling reasons for achieving the vision.

Principle #4: Credibility

  • People follow a leader when they believe in her/him.
  • People follow aBoil Down Fever Ginger tea gets the ability to increase the circulation of blood in your body. learn this here now cheap cialis leader when they have confidence in her/him & the leader’s vision & plan.

Principle #5: Obstacle Removal

  • People follow a leader who removes the obstacles to achieving objectives.
  • People follow a leader who makes their job easier by busting through barriers & bureaucracy on their behalf.

Principle #6: Believers & Non-Believers

  • People fall into three categories or groups when it comes to change:

arrow-bullet Group 1 readily believes in & quickly accepts the need for change.
arrow-bullet Group 2 immediately resists.
arrow-bullet Group 3 are undecided – they stand on the sidelines & wait to decide.

  • It is important to identify who is in which group because that determines your approach to those within each group.

The Trinity team can provide expert and economical assistance in helping to implement change successfully.

Posted in Organizational & People Development

INVESTING IN YOUR PEOPLE

investing-people

Your organization probably regularly invests in a number of items on a planned, budgeted basis. Examples of these items typically include:

  • New equipment
  • Updating of technology (computer systems, smart phones, etc.)
  • Improvements to facilities

But when is the last time your planned, budgeted investments included a significant investment in your people? Common comments on this topic that are heard from employees are these:

“My company says its people are its most valuable resource. If they really meant that, they’d show it by providing
us with opportunities to grow and develop.”

“I can’t remember the last time I received training.”

“When business slows down, the first thing that gets cut is training.”

While making non-employee investments are readily seen as a sound business decision, many employers consider employee training and development as a costly and unimportant expense. Such thinking fails to recognize the benefits of investing in employees an organization gets.
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So what is the Return on Investment to your organization by training and developing your employees? Here are four ways your ROI is achieved:

1. Job satisfaction, employee motivation and morale are increased, reducing employee turnover and related expenses to recruit and train replacement staff.

2. Increased skill and knowledge enables staff to be more effective and more efficient, thereby improving productivity.
arrow-bullet“Effectiveness is doing the right things; efficiency is doing things right.”
      – Peter Drucker, renowned management expert and best-selling author

3. Better supervisors and managers means better people management, and therefore fewer employee problems/issues and lower legal fees to defend accusations of wrongdoing (for example, sexual harassment, discrimination and wrongful discharge).

4. Developing your senior leadership team members enables your organization to think more strategically and act in a more unified way.

If your organization needs help in designing and delivering training and development programs at the professional, supervisory, managerial or executive level, Trinity’s Team of Consultants can do so on a wide range of topics.

Posted in Organizational & People Development

CHANGE MANAGEMENT: PART 3

8-4-2014

It is important that you fully prepare for an important fact about any major change initiative – it will be a lot like a rollercoaster ride. Below is a model that depicts what this ride looks like:

(Source: Centre for Strategic Management)
8-18-2014

If your organization needs to undergo change, Trinity’s Team of Consultants can help you plan and implement it.

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Posted in Organizational & People Development

CHANGE MANAGEMENT: PART 2

8-4-2014
Regardless of business size or sector, there are three key aspects to consider when approaching change management:

1. Intellectual Understanding – why the change is necessary
2. Emotional Engagement – stakeholder discussions and the perceived ownership of the changes
3. Sustained Action – implementing long-term transformative actions

Ignoring these principles can have an irreversible and detrimental effect on any potential success because the following negative results can easily occur:

  • Resistance by employees and/or customer or clients
  • Damage to morale
  • Reduced business efficiency
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  • Roadblocks that prevent building momentum

If your organization needs to undergo change, Trinity’s Team of Consultants can help you plan and implement it.

Posted in Organizational & People Development

CHANGE MANAGEMENT: PART 1

8-4-2014In today’s business climate, change happens fast–and the pace is accelerating. No wonder adapting to change is hard for many companies. What then is sound practical advice for leaders who are responsible for implementing organizational change initiatives?

There are a number of change-related theories and models that provide guidance to change leaders. However, they can be confusing and even provide conflicting suggestions. So let’s “KISS” it—Keep It Simple Sir.

 

There are three essential ingredients for a successful, sustainable change process.

1. Helping People Recognize and Understand the Need for Change

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2. Creating Opportunities for Involvement and Participation

3. Instilling a Willingness within the Its Employees for Doing Things in New Ways

If your organization needs to undergo change, Trinity’s Team of Consultants can help you plan and implement it.

Posted in Organizational & People Development

STRATEGIC HR PLANNING: PART 2

7-21-2014

As stated in STRATEGIC HR PLANNING: PART 1:

  • Most organizations have some form of a strategic plan that guides them in successfully meeting their missions. The strategic plan routinely includes financial plans to ensure the mission and goals are viable from a financial standpoint.
  • However, that strategic plan often fails to consider the extent to which the achievement of the organization’s mission and goals are viable from a people standpoint.

Strategic Human Resources planning predicts the future about the people-related needs of the organization.  It does so by analyzing the:

  • Organization’s current status related to its people
  • External labor market
  • Future HR environment in which the organization will be operating

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The basic questions answered by strategic HR planning are:
1. Where are we going?
2. How will we develop HR strategies to successfully get there, given the circumstances?
3. What skill sets do we need?

For information about how Trinity’s Team of consultants can help your organization to create or to improve its HR Strategic Planning, e mail Trinity at info@TrinityHR.net.

 

 

Posted in Strategy, Management & Leadership

STRATEGIC HR PLANNING: PART 1

7-21-2014

Before talking about strategic HR planning, let’s define strategic HR management:

Integrating Human Resource management strategies and systems to achieve the overall mission, strategies, and success of the firm while meeting the needs of employees and other stakeholders.

We started with a definition of strategic HR management because strategic HR planning is a vitally important component of it. Strategic HR planning is what links HR initiatives and activities directly to the strategic plan of your organization.

  • Most organizations have some form of a strategic plan that guides them in successfully meeting their missions. The strategic plan routinely includes financial plans to ensure the organization’s mission and goals are viable from a financial standpoint.
  • However, that strategic plan often fails to reflect the extent to which the achievement of the organization’s mission and goals are viable from a people standpoint.

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The overall purpose of strategic HR planning is to:

  • Ensure adequate talented people to meet the strategic goals and operational plans of your organization – the right people with the right skills at the right time
  • Keep up with social, economic, legislative and technological trends that impact on human resources in your area and in the sector
  • Remain flexible so that your organization can manage change if the future is different than anticipated

For information about how Trinity’s Team of Consultants can help your organization to create or to improve its HR Strategic Planning, e mail Trinity at info@TrinityHR.net.

Posted in Strategy, Management & Leadership

EVERY ORGANIZATION SHOULD HAVE HR POLICIES

To obtain a NO COST, NO OBLIGATION list of Trinity’s suggested policies, simply e mail Trinity at info@TrinityHR.net.

Human Resource policies are the formal rules and guidelines by which businesses operate. When organized and disseminated in an easily used form, these policies can serve to help:

  • Prevent (or at least reduce) misunderstandings between employees and employers about their rights and obligations in the work place.
  • Protect the company from monetary awards stemming from costly, time consuming and energy sapping litigation or administrative rulings

When issues concerning employee rights and company policies come before federal and state courts or regulatory agencies, these bodies:

  • Commonly consider that the company’s Human Resources policies, whether written or verbal, are a part of an employment agreement between the employee and the company
  • Typically look to ensure that employees have been treated in a fair and consistent manner– which the existence and uniform application of written policies can help to establish

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arrow-bullet WITHOUT CLEARLY WRITTEN POLICIES, YOUR COMPANY IS AT A DISTINCT DISADVANTAGE!

It is easy, especially for a small or new business owner, to focus on the other important business issues and thus fail to recognize the value of having written Human Resources policies in place.

  • In some cases, HR policies are not in place because the organization lacks the in-house expertise to properly prepare them.

If your organization needs help in developing HR policies, Trinity’s consultants can create customized or generic policies for you quickly and economically.

Posted in HR Management

360 Degree Assessments: Part 2-Why and How Do These Assessments Work?

As pointed out in Part 1 of the 360 degree (also known as a multi-rater assessment or feedback) blog, these assessments have rightfully gained popularity. The increase in their use has been especially significant during the past years. Numerous studies point to their effectiveness in:

  • Improving performance of assessed individuals
  • Boosting employee satisfaction – on the part of individuals assessed and as well as those in their work circle
  • Decreasing turnover among the subordinates of managers who have undergone assessment

Why and How Does 360 Degree Feedback Work? Psychologists point out that goal achievement is central to our positive self-concept and to our level of self-esteem. In general, 360s work because individuals see a gap between their feedback ratings and the desired goal. As a result, they are generally motivated to work to reduce the gap as a way of maintaining a positive sense of self-esteem. Clearly, not to all individuals will improve their performance simply because they have received feedback, and certainly not all feedback is effective in improving performance. The reality is that some employees are more predisposed to performance improvement than others. Improvements in performance are most likely to occur when the following occurs:

1. The feedback given clearly indicates that change is necessary. 2. The person receiving the feedback has receptivity and thus recognizes the need for change. 3. The organization and the person create an appropriate action plan for behavioral change. 4. The assessed person believes the action plan is achievable and she/he has the support of the organization. 5. The organization regularly provides constructive feedback, which should include both identification of areas of improvement and of areas still needing improvement. 6. The organization consistently demonstrates its support—often by engaging an experienced coach from outside the organization. There are several attributes of the feedback that have the impact on the degree to which individuals listen to and act upon the feedback they receive. I refer to these attributes by the acronym “C-STAR”:

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  • Clarity—the data is presented in an easy to understand manner and format (typically, in text and graphical form)
  • Specificity—the data is specific enough to be acted upon
  • Timeliness—the data is provided within a reasonable time frame after it was collected
  • Authenticity—the data is perceived as being an authentic and this accurate set of perceptions by others
      Authenticity can be greatly enhanced when the assessment is performed by and the results presented an independent party from outside the organization.
  • Relevancy—the data is tied to behavioral factors that are important to the individual’s success in their role

Posted in Organizational & People Development