HR Strategy

With Baby Boomers on the brink of retirement, one of the impending issues facing organizations today is the ability to identify leaders. This could be partially blamed on the fact that less than half (48 percent) of UNC’s Leadership Survey respondents reported that their companies have a formal process for developing high-potential employees. Companies looking to accelerate employees to leadership positions should seriously consider developing a formal process.

Has your nonprofit recovered from the impact of the recession? For many nonprofits the time period following the 2007 recession was challenging as many experienced a decrease in donations and increased competition for what funding was available. Fortunately, charitable giving has begun to rise, with a reported 4.9 percent increase in 2013 alone. However, a new trend has arisen: donor accountability. Now more than ever, the nonprofit sector has to juggle not only achieving its mission goals, but also showing good financial stewardship.

What do the NBA and your business have in common? More than you might expect, from bench play to developing winning game plans and more. At the core of each are competitiveness, teamwork, innovation and a results-driven focus. As the NBA Playoffs kick into high gear, there are business lessons to be observed from all the on-the-court chaos. Here are four lessons to help you make a slam dunk toward success:

Whether in a business or educational environment, our culture is dazzled by the idea of collaboration as a means for creativity. Managers are so insistent on finding “the right fit” for the team that a whole group of people are forgotten: the individualists. With collaboration becoming the new way of thinking, those with introverted personalities are left on the outside looking in.

Employee benefits have become a hot topic in the business realm, especially in regard to the federal government’s Affordable Care Act. Ultimately, it comes down to dollars and cents, and companies are finding that a more affordable route may exist beyond offering traditional health coverage. However, if you are thinking of finding a loophole through lowering employees’ hours, you might want to think twice.

The constant demand to remain a reliable source for customers is keeping grocers on edge. In a highly competitive market, grocers have to constantly keep up with ever changing price/value trends in order to remain relevant. Knowing the landscape of your competitive market helps grocers tremendously when marking items and increasing efficiencies across the board. Grocers who are armed with the proper tools to identify inventory, competitively price products, update old technology and maintain labor costs will ultimately win the battle.

Great leaders don’t become great overnight, rather, there is a constant need to improve. Although luck may play a part, it certainly isn’t the sole reason your top performers are moving into senior management positions. What sets them apart? Desire. Great leaders know that “getting comfortable” is unacceptable. They’re always looking for ways to improve, to learn and to excel, no matter what their job.

As we celebrate St Patrick’s Day on Monday, March 17, you may be wishing for some Irish luck to put more green in your pocket or just add more Guinness to your glass. They say the Irish are born lucky, but if you and your ancestors don’t hail from the Emerald Isle, don’t give up. This could still be your lucky day as Paycom has prepared these seven tips for creating your own luck-filled destiny.

The ever-rising cost of corporate health care is expected to increase by 4.4 percent this year. Couple that rising pressure with hard-fought efforts to maintain compliance with the federal government’s Affordable Care Act, and some employers have chosen to waive benefits, placing more responsibility onto their employees, who pay more both in premiums and out-of-pocket costs.

What does it mean to be a leader? And can anyone be a leader? These are questions I’ve been asked a lot in school, interviews and workshops but until now I didn’t really have a definite answer. Leadership is a complex trait and it’s far more than “guiding a group of people.”

The past few years have seen sweeping changes for the medical industry as a result of the Patient Protection and Affordable Care Act (PPACA), which put in place comprehensive insurance and medical reforms. Now, as the insurance mandates go into effect, bringing millions of newly insured people into the marketplace, hospitals and clinics are faced with how to meet the need for additional staff while transitioning to a revised model of care.

According to a recent survey by the Society for Human Resource Management (SHRM), “One out of four employees reported they have been or recently are involved in a workplace romance, and 43 percent of HR professionals reported current incidences of workplace romance at their organizations.” With those statistics, office couples don’t seem to be “breaking up” anytime soon, so to avoid risk, HR managers may want to prepare now for more issues related to managing Cupid’s impact.