When it comes to presenting a total compensation package to new or potential employees, managers should include insurance benefits, retirement benefits, paid vacations, and any other benefits the company provides. Many companies reduce benefits to save money, so don’t hesitate to use quality coverage as a valuable differentiator.
Have you counted the days until the end of the decade? That’s right, another decade comes to a close soon and there are even fewer working days between now and then. In other words, time is flying by so now is the time to take stock of all open tasks and plan to get everything in line before the beginning of our new year.
If your company doesn’t already have a policy regarding a return-to-work program for employees who have been injured on-the-job, you should consider putting one in place. An effective program can show the returning employee you care about them and save your company millions of dollars in fines and penalties, as well as reduce workers’ compensation costs, retain your experienced employees, and improve morale and productivity in the workplace. That sounds like a winning combination, so let’s consider how to get this done…
If you’re injured at work, the first step to getting workers’ compensation to cover the associated costs is to report your injury to your supervisor. Try to do this as soon as possible after it happens. Companies can be skeptical of the legitimacy of your claim if you wait too long to let them know what happened. Plus, the sooner you report it, the sooner you can start getting benefits.
You can avoid the stress associated with an extended absence by cross-training your workers. If you teach Worker A to do Worker B’s job, and vice versa, not only does that give your staff more skills (which improves their value within the company), this can rescue productivity when someone is absent, or when an employee has an injury that no longer allows them to perform the job for which they were hired.
The beginning of a new year is a great time to reflect on what went well and not so well in the preceding year. Individuals do it, and so should businesses. It’s a good time to examine some of the mistakes we’ve made and learn from them. It’s also a good time to create some goals to help your business grow and, in turn, increase success. Here are five suggestions for resolutions you may want to adopt for your business in the New Year.