CoAdvantage-Addressing employee productivity in meaningful, useful, and actionable ways is a huge challenge for employers, especially for knowledge-based work that’s hard to translate into clear productivity metrics. Further complicating the question, raw production isn’t everything. As the famous axiom says, “Productivity is getting things done. Effectiveness is getting the right things done.” But what can[…]
CoAdvantage- Do you have an employee who’s just not meeting expectations or minimally accepted performance standards. You’ve already invested time, money, and resources into recruiting, onboarding, training, and supporting this worker. What do you do to manage their underperformance? Thankfully, under-performance can often be fixed with the right approach. 1: Find the root cause The[…]
CoAdvantage-In our article, “5 Best Practices for Communicating About Employer Benefits,” we discussed how principles like simplicity and knowing your audience can improve communications around benefit packages. We also mentioned paying attention to what the audience (your workforce) wants out of their benefits. Today, we’re going to dive into one thing employees definitely want: more[…]
CoAdvantage- We’ve previously written about “world-class HR,” which is a term coined by consultancy firm The Hackett Group to describe the top 10% highest performing human resource organizations. These HR teams have eye-opening performance statistics that justify the description: on average, they see see 41% lower labor costs, 59% fewer involuntary terminations, 22% fewer days[…]
CoAdvantage-Employee engagement is indisputably an important metric for employers to monitor. Study after study has found that organizations with highly engaged employees outperform those without (by 202%, according to one study). As former General Electric CEO Jack Welch has said, “No company, small or large, can win over the long run without energized employees who[…]
CoAdvantage-One growing problem facing employers today, especially at smaller organizations, is insufficient capacity to deal with rising regulatory requirements. That’s the finding from Deloitte’s most recent State of Compliance survey. Nearly nine out of ten (87%) of respondents said the compliance function at their organizations had “no spare resource capacity and [was] therefore at a[…]
CoAdvantage-You might have noticed it’s been a stressful couple of years. We even have the numbers to prove it: Gallup’s 2021 State of the Global Workplace found that more than half (57%) of workers have been experiencing daily stress due to the pandemic. Worse, over two-thirds (69%) of employees say “2020 was the most stressful[…]
CoAdvantage-What’s the best way to manage employee performance? Answers to this question seem to fall in and out of favor with the seasons. The traditional approach of high-stakes annual performance reviews has been diminishing in popularity at major employers for a long time, but what are the alternative options available? One word of warning: no[…]
CoAdvantage- Although an eight-hour workday and 40-hour workweek have become the de facto standard in the United States, few employees actually devote that much time to their work. According to one recent report, over half (53%) of people say they spend at least one hour of the workday browsing social media and 60% say they’ve[…]
CoAdvantage- Outsourcing HR offers numerous advantages for businesses both big and small. Some of the benefits are obvious: gaining time, saving money, and improving the organization’s overall competitive posture. But other advantages might surprise you. The bottom-line is that outsourcing frees the employer to get down to business rather than shouldering HR issues in addition to[…]
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