|
volume III issue VIII August 2015 |
|||
|
People Really Are Your Most Important Asset If it looks like an asset and sounds like an asset, then it must be an asset, right? Well, if you’re an accountant, then the answer is probably a resounding “yes.” From an accounting standpoint, an asset is an economic resource that can be owned or controlled to produce value that can ultimately be converted into cash. For example, even a piece of equipment that is not owned but rather leased from its owner must be recorded as an asset in many circumstances. But for years, those in HR balked at thinking about people in our organizations as merely “assets.” After all, these are people we’re talking about–not something owned or even controlled by an organization. Historically, the accountants agree: employees have not been recognized on a company’s financial statement as “assets” mostly because it was difficult to quantify the value of people as assets. Read on.Tips to Make Your Company More Nimble How long have you been working in corporate HR? Years? Decades? Do you ever daydream about what it would be like to work for a sizzling start-up? The appeal is tantalizing for those who are tired of the bureaucracy and crave a more innovative environment. But, instead of abandoning your employer, consider how you could take a page out of an entrepreneurial playbook and inject new energy into your organization. Mark Cuban, businessman, investor, and Shark Tank celebrity, outlined 12 tips for entrepreneurs. Here’s a couple which can be modified for corporate success.1. Sales Cures All: Know how your company will make money and how you will actually make sales. If you stopped an employee in the hallway, could they tell you your company’s sales revenue? List your top customers? Outline key factors to drive sales in the upcoming year? As an HR leader, what can you do to educate employees on the business and their role in driving dollars? How can you bring the “voice of the customer” into home office? One local company posts customer calls on their website and encourages employees to listen in. Many companies include staff or line people in sales visits. Read on.How Can I Improve The Flow of Communication? Question: Until recently, I thought we did a good job of communicating with our employees; but now I’m getting blind-sided with issues that I had no idea were brewing and it is obviously affecting productivity. How can I improve the flow of communication? Answer: As you have learned, the role of communication in the workplace is vital. We often take communicating with employees for granted, while communicating with our customers, vendors, and stakeholders often takes center stage. A complaint I often hear is that management communicates to employees, but there is no two-way communication back–the employees aren’t sharing information upward to management. Sometimes it’s because employees don’t want to appear as if they can’t do their job or are incompetent. Employees also don’t believe they will be heard–that they aren’t high enough in the hierarchy for their suggestions or complaints to matter. What’s the problem? You might want to create a small survey to find out what’s happening in your company to cause the recent communication conflict. Maybe it’s only a few isolated incidences, or it could be something bigger. A survey will help you determine if there are any obvious quick fixes.
Read on. Employer Wage and Hour Headaches Continue in 2015 The trend of wage and hour developments facing employers continues in 2015 with the U.S. Department of Labor (DOL) recently issuing a proposed rule that would update the regulations governing the white collar exemptions to the Fair Labor Standards Act (FLSA) and publishing new guidance on the classification of workers as independent contractors. In addition to the federal developments, employers also are facing minimum wage increases in cities and states across the country. These developments have created significant uncertainty for employers. To ensure compliance and minimize the risk of a potential violation, employers should proactively audit their wage and hour practices. Read more. NLRB's New Election Rules Are Here to Stay
|
|||||||||||
>FEATURE ARTICLE People Really Are Your Most Important Asset > TIP OF THE MONTH Tips to Make Your Company More Nimble > Q & A Improving the Flow of Communication > LEGAL UPDATES Wage and Hour Headaches Continue NLRB's New Election Rules Are Here to Stay Area Temps, Inc. 1228 Euclid Avenue Cleveland, OH 44115 Toll Free: 1.866.995.JOBS www.areatemps.com |
|||||||||||
Copyright © 2015 Mamu Media, LLC • All rights reserved To ensure that you continue receiving our emails, please add us to your address book or safe list. If you prefer not to be contacted via email, please reply to this message with "remove" in the subject line. |