TUITION ASSISTANCE PROGRAM: ARE YOU MISSING OUT?

tuition-assistanceMany employers are hesitant to implement a Tuition Assistance Program (TAP) because of one or more of the following concerns:

  • Cost
  • Benefit to the company
  • Turnover by employees becoming more marketable
  • Uncertainty about how to design it
  • How to decide who gets to participate

All of these are valid concerns. However, these concerns are not insurmountable and are far outweighed (when properly addressed) the advantages to having a TAP.

SOME ADVANTAGES

Organizations with a TAP:

1.      Are more attractive to prospective employees—particularly Millennials who

Are the largest generation in today’s workforce & rapidly growing

 ➡ Identify the opportunity for continuing education as an important consideration in choosing an employer

2.      Receive higher employee satisfaction ratings

3.      Have higher retention rates

4.      Have higher levels of performance

  ➡ A study shows that employees who are or have been participants in a TAP are

better able to carry out their current jobs & are more promotable
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EMPLOYER ACTION

  • If you do not have a Tuition Assistance Program, re-look at why you don’t.
  • If you have one, re-examine its:
    • Effectiveness in meeting of its objectives
    • Design (who’s eligible, the selection process, amount of assistance, etc.)

HOW TRINITY CAN HELP?

Trinity has the expertise to:

  • Evaluate & improve the effectiveness of your existing TAP
  • Custom design a TAP for your organization to meet its specific objectives & budget

For more information:

You have questions…Trinity has answers!

Posted in Benefits Management

THE POWER OF PRAISE & RECOGNITION, PART 2

employyee-rocognitionPart 1 of this two part series talked about praise & recognition being an inexpensive action on the part of an employer, while being highly valued by employees.  In Part 2, we want to identify what’s in it for your company to have a culture of praise & recognition.

The highly regarded Gallup Organization has surveyed more than 4 million employees on this topic. Their analysis included more than 10,000 business units & more than 30 industries. Here’s what they found about individuals who receive recognition & praise on a regular basis:

  • Lower turnover
  • Increased productivity
  • Greater engagement with their colleagues
  • Higher satisfaction scores from their customers/clients
  • Less absenteeism

Yes, people are motivated by money.  However, they are motivated by MORE THAN MONEY.  People crave knowing something they’ve done or achieved has been noticed & is appreciated by means of a leader’s:

  • Positive feedback
  • Recognition for extra effort
  • Acknowledgement of special results

3 EXAMPLES OF NO COST RECOGNITION

  1. Give them a handwritten note
  2. Write about them in a company-wide email
  3. Post a “thank you” sign in the lobby with their name on it

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Guides for praise & recognition

As a reminder from Part 1:

  1. Be authentic
    ·  Praise as often  as it is deserved
  2. Understand & match the praise to the person
    ·  If your company uses DISC behavioral style assessments, you know that different types of individuals need different types of praise.
    ·  For example, “C” style people will want the praise to be very specific & concise; whereas, “S” styles will want the praise to help them understand how what they did benefitted others (employees, the company &/or clients/customers).
  3. Do so in a timely manner
    ·  Ideally “on the spot”, but if not very then, shortly afterward.

HOW TRINITY CAN HELP?

If your organization needs him in creating an impactful employee recognition program or improving your existing one, Trinity’s Consultants can do so—quickly & cost effectively.

You have questions…Trinity has answers!

Posted in Employee & Labor Relations

THE POWER OF PRAISE & RECOGNITION

great-jobIn today’s work culture fostering an attractive workplace is almost universally sought.  However, it can be expensive.

Take employee benefits, which Glassdoor research shows 57% of people place benefits & perks at the top of their list when considering a new role.

  • How expensive? The national average cost per year of healthcare benefits for an employee with family coverage is approximately $18,000, with the average company paying almost $13,000 worth of the total tab.

However, research shows that employee satisfaction & thus retention strongly correlates to elements such as:

  • Senior leadership
  • Company culture and values
  • Career opportunities for development & growth

BUT…

There is one organizational element that virtually all employees crave that costs nothing:

  • Praise

It’s as simple as taking the time to commend your employees when praise and credit is due.  A simple acknowledgement or word of thanks that can make a world of difference to a person.

  • Not false praise or flattery, which most individuals can tell from the real thing.
  • Find the right opportunities to give honest, genuine praise.
  • As comedian Rodney Dangerfield would say give an “atta boy” or “atta girl”—because everybody appreciates being appreciated & it’s the right thing to do.

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EMPLOYER ACTION

Several guides for praise:

1. Be authentic

  • Praise as often  as it is deserved

2. Understand & match the praise to the person

  • If your company has done DISC behavioral style assessments, you know that different types of individuals need different types of praise.
  • For example, a “C” style person will want the praise to be very specific & concise; whereas, an “S” style individual will want the praise to help her/him understand how what she/he did benefited others (employees, the company &/or clients/customers).

3. Do so in a timely manner

  • Ideally “on the spot”, but if not very then, shortly afterward.

HOW TRINITY CAN HELP?

If your organization needs him in creating an impactful employee recognition program or improving your existing one, Trinity’s Consultants can do so—quickly & cost effectively.

You have challenges…Trinity has solutions!

Posted in Employee & Labor Relations

Lessons from Losing A Key Employee

firedresigned

Isn’t it very rewarding when a newly hire turns out to be a perfect fit in terms of the “C’s”:

  • Competence
  • Cultural compatibility
  • Chemistry with you and others

This is especially the case when the individual is in a key management or executive role within your organization!

However, there are cases when you thought the person was going to be a perfect fit, but she/he turns out to be a bad fit on one or more of the “C’s”, leading to a parting of the ways.  In other instances, this perfect fit key employee decided her/his situation was less than ideal.

  • Either way, it is important for you/your organization to learn from it and use that in order to move forward.

EMPLOYER ACTION

Here are 10 questions to ask yourself:

  1. Was this person challenged enough in the role?
  2. Was she/he overmatched in the role?
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  4. Were this person’s needs met both professionally and personally?
  5. How well did she/he connect with others, resulting in good relationships?
  6. How did this person navigate the “political” climate of direct reports, peers, clients/customers and stakeholders?
  7. What did you do to ensure she/he was set up for success?
  8. What support did you provide for this person?
  9. What ongoing development did you provide?
  10. Were there opportunities for growth in the areas of this person’s expertise?
  11. Were you surprised when this person decided to leave — if so, what warning signs did you miss?

HOW TRINITY CAN HELP?

Trinity’s:

  • Retained search services increase the likelihood of candidates being a great match
  • Organizational Development services (including 360 degree and other assessments) help ensure the new hire is fitting in as expected

For more information, e mail Trinity at info@TrinityHR.net or visit our website at www.TrinityHR.net.

Posted in Talent Acquisition, Executive Search, Employment & Employee Retention

“THE LEADERHIP – PROFIT CHAIN”, Part 2

In Part 1 of this 2 part series, we identified the following 5 organizational elements as being essential to long-term success.

  1. Strategic Leadership
  2. Operational Leadership
  3. Employee Passion
  4. Customer Devotion
  5. Organizational Vitality

In Part 2 we identify key truths about the interplay of them within the Leadership – Profit Chain.

TRUTHS:

  1. Effective Strategic Leadership indirectly predicts Organizational Vitality.
  2. Effective Operational Leadership is a direct predictor of Employee Passion.
  3. Having a high level of Employee Passion commonly results in a high Customer Devotion level.
  4. Employee Passion has an extremely positive correlation with Organizational Vitality.
  5. High Customer Devotion indicates Organizational Vitality.
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IF NOTHING ELSE, REMEMBER THIS ABOUT THE LEADERSHIP – PROFIT CHAIN:

arrow-bulletThe key to driving sustained productivity and profitability is a combination of Strategic Leadership and Operational Leadership actions that drive Employee Passion and Customer Devotion.

  • Re-read TRUTHS 4. and 5. above.

HOW TRINITY CAN HELP?

Trinity’s Team of experienced Consultants have the expertise needed to help you connect the Leadership – Profit Chain dots.

You have challenges…Trinity has solutions!

Posted in Strategy, Management & Leadership

“THE LEADERHIP – PROFIT CHAIN”, Part 1

Several members of the Trinity Team have had the privilege of working with The Ken Blanchard Companies. Dr. Blanchard is a legendary thought leader in the world of organizational development and people management.

One of the emphasis of this renowned management consultant and author is the importance of leadership to organizational success. Dr. Blanchard’s firm has done extensive research on the impact of leadership in achieving sustained productivity and profitability.

Here are the 5 organizational elements they have identified as essential to long-term success:

1.      Strategic Leadership: Defining the imperatives for everyone in term of the “what” and setting the tone and direction for an organization’s culture

2.      Operational Leadership:  Providing the “how” related to the policies, procedures and practices in the various functions so as to achieve the overall strategy

3.      Employee Passion: Measuring the extent to which employees are committed to the organization and its goals. Examples of measurements include:

  • Turnover
  • Employee satisfaction
  • Absenteeism

4.      Customer Devotion: Determining the level of customer loyalty to your products/services as assessed by such things as:

  • Customer retention
  • Length of relationships
  • Referrals

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5.      Organizational Vitality: Assessing the degree to which an organization is successful in the eyes of its employees, customers and shareholders/owners

Below are two depictions (1 simple & 1 detailed) of the Leadership – Profit Chain

leadership-profitleadership-profit2

EMPLOYER ACTION

  1. Discuss and evaluate where you are relative to each of these 5 crucial elements
  2. Identify specific improvement steps for each element to achieve improvement
  3. Implement the action plan
  4. Regularly measure how you’re doing

HOW TRINITY CAN HELP?

Trinity can assist you with some or all of the above.

You have opportunities…Trinity has paths forward!

Posted in Strategy, Management & Leadership

NEW OVERTIME REGULATIONS ISSUED

otBACKGROUND

In 2014, President Obama directed the Secretary of Labor to:

  • Update the overtime regulations to reflect the original intent of the Fair Labor Standards Act (FLSA)
  • Simplify and modernize the rules so they’re easier for workers and businesses to understand and apply

Simply stated, from the Act’s establishment in 1938, there has been a two-prong test for determining the status of employees as “non-exempt” (from overtime payment) or “exempt” (from overtime payment) to the overtime provisions of the Act.

1)     Duties test (nature of the position & how much time employees spend in the various duties and responsibilities)
2)     Amount of pay

In response to the President’s directive, the Department of Labor has now issued final regulations related to the criteria for determining the status of employees as “non-exempt” or “exempt” to the overtime provisions of the Act.

There’s no doubt that the “updating” & modernizing” of the FLSA will:

  • Benefit employees, especially entry level & lower paid professionals currently classified as “exempt”
  • Cost employers more in overtime pay
  • Lead to employers being fined for not being in compliance with the new rules

KEY PROVISIONS OF THE NEW REGULATIONS

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Key provisions of the new regulations, which becomes effective December 1, 2016, include:

1)     Doubling the salary threshold required for an employee to be classified as exempt from $23,660 to $47,476 per year

➡ IMPACT:  Millions of employees currently classified as “exempt” will now become eligible for overtime pay

2)     Automatically updating (translate as “increasing’) the salary threshold every three years

3)     Maintaining of the current duties test—as opposed to implementing the DOL’s proposed changes which would have adversely affected employers

EMPLOYER ACTION

1)     Review how the changes affect your organization

2)     Consider the options the regulations provide for maintaining the “exempt” status of affected employees

3)     Update your job descriptions, including an estimation of the percentage of time spent on each duty/responsibility

    ➡ Important to prove the position meets the duties test to be “exempt”

4)     Ensure you do a formal, written assessment to determine whether positions meet the “exempt” duties test—in addition to the salary test

HOW TRINITY CAN HELP?

Trinity can assist you with all aspects of ensuring your organization will be in compliance with these new rules.

You have HR challenges…Trinity has solutions!

Posted in HR Legal & Compliance

TEAMS PART 3: IS CONFLICT A FOUR-LETTER WORD?

teamIt is common for many organizations and individuals to try to avoid conflict.  In effect, it is treated as the culture equivalent of a four-letter word!

  • By doing so, they’re missing out on the kind of passionate debates that are essential to any team or organization to function at its optimal level.

Patrick Lencioni is considered to be one of the foremost experts on organizations and teams.  In his book entitled “The Five Dysfunctions of a Team”, he identifies FEAR OF CONFLICT as one of those dysfunctions.  His full list is below:

  1. Inattention to RESULTS – ego and desire for personal status become major motivators
  2. Avoidance of ACCOUNTABILITY – team members lower their standards
  3. Lack of COMMITMENT – ambiguity on goals and team targets
  4. FEAR OF CONFLICT – artificial harmony is dominant
  5. Absence of TRUST – team members work to create an image of invulnerability

Likewise, the results of a survey identify not dealing with conflict as one of the five main reasons that organizations fail to perform effectively.  The reasons are:

  1. Signing too many all-stars
  2. Failing to build a culture of trust
  3. Letting conflicts fester
  4. Hiding from the real issues
  5. Tolerating competing agendas

When team members build a foundation of vulnerability-based trust, conflict simply becomes an attempt to find the best possible solution, answer or direction.  Productive conflict has the potential to produce the best possible solution in the shortest period of time

A team that engages in conflict:

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  • Minimizes politics
  • Puts critical topics on the table for discussion
  • Seeks the ideas of all members

EMPLOYER ACTION

  • Examine the extent to which conflict is viewed as negative or positive
  • Evaluate how well your organization effectively deals with conflict
  • Explore how to improve its capability to create productive conflict

HOW TRINITY CAN HELP?

Trinity can:

  • Use its conflict assessment tool to provide insights how your key leaders deal with conflict
  • Provide ways to improve how individuals & the organization as a whole address conflict

For more information, e mail Trinity at info@TrinityHR.net or visit our website at www.TrinityHR.net

  •  You have opportunities…Trinity has paths forward!

Posted in Teams & Teambuilding

TEAMS – PART 2: STAGES OF TEAM DEVELOPMENT

teamB W  Tuckman, as a professor at Ohio State University, conducted research about group dynamics.  This research led to the publishing of his Teamwork Theory , which identified a 4-stage process in team development.  This theory has become the most widely accepted model for the processes that a group goes through in order to become  a highly effective team.

It is sometimes assumed that the development of teams occurs in a straight line heading in an upward progression.  This assumption is depicted below.

team2

It would be much easier if in fact that is how team development takes place.  However, the reality is that the development of teams typically follows the pattern shown below.  This pattern reflects that following a team’s forming there is a decline in its working together, with the amount of time it remains in the storming stage varying greatly.

team3

1. Forming

  • The group gets together for the first time
  • Discusses its purpose, goals, objectives, challenges & opportunities
  • Determine roles & responsibilities
  • Develop formal rules of working (“norms”)

2. Storming

  • Members grow in confidence and an amount of in-fighting & conflict is likely to occur
  • Begin open communication & collaboration
  • Establish how it will deal with conflict so as to arrive at resolution
  • Reinforce norms
  • Provide whatever clarification is needed

3. Norming

  • Buy into norms, & their roles & responsibilities
  • Develop trust of one another & leaders
  • Show positive signs of cooperation & collaboration
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  • Become willing to openly discuss issues, concerns
  • Feel able to give & receive constructive criticism
  • Display sense of team spirit

4. Performing

  • Understand each other’s strengths & weaknesses
  • Able to prevent, minimize or at least work through conflict effectively
  • Communicate freely
  • Coordinate & collaborative successfully
  • Support one another
  • Hold one another accountable for fulfilling individual commitments toward the overall goals & objectives
  • Achieve desired results or even a higher level of performance

EMPLOYER ACTION

  1. Assess where your team(s) are in this 4-stage development process
  2. If they are stuck in one stage or have not progressed to being a performing team, identify why
  3. Take the necessary action for them to reach performing status

HOW TRINITY CAN HELP?

If your organization has a teambuilding/team development need, Trinity has tools & the capability to assist you.

You have HR questions…Trinity has answers

Posted in Teams & Teambuilding

Teams – Part 1

teamWhy is building teams so important?  Look what teams in a business environment are & can do:

They:

  • Are the collection of the organization’s knowledge, experiences & talents
  • Can challenge each other’s thinking
  • Can generate a wider range of ideas and innovation than individuals
  • Are natural problem solving devices
  • Are often more willing to take risks than individuals
  • Provide a source of motivation

ELEMENTS OF SUCCESSFUL TEAMS

To have a successful team, certain elements must be present. Team Goals – Team goals must be clearly specified. This provides the focus around which team activities are organized. For example, the goals of a team maybe designed to investigate the market potential of a new product. If team goals are not specified and agreed upon by all team members, the team will tend to wander without direction.

  • Commitment – All team members must be committed to achieving the goals of the team.
    Defined Roles – To successfully carry out the activities of the team, the role of each team member must be defined. Without clearly defined roles, members will become frustrated because they won’t know what activities they are responsible for.
  • Trust – Successful teams are made up of members who trust each other. Lack of trust among team members will shift the member’s focus away from team goals to protecting their individual positions.
    Mutual Respect – For trust to exist among team members, they must have respect for each other. This includes respect for the views and activities of other team members.
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  • Communications – Without communications, little teamwork will occur. Good communications among team members is vitally important to successfully implement the elements discussion above.
  • Shared Rewards – Team members must be involved in identifying team goals and sharing the rewards of the team. If members do not share in team rewards, they have reduced incentive to contribute at their maximum level of capability.

EMPLOYER ACTION

  1. Determine which of the elements are present in your teams.
  2. Rate the degree to which they imbedded within your organization.
    ➡ The greater extent to which they are embedded, the greater the likelihood    of successful teams.

HOW TRINITY CAN HELP?

If your organization has a teambuilding/teamwork need, Trinity has various ways it can help you.

You have HR challenges…Trinity has HR solutions!

Posted in Teams & Teambuilding