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FROM THE PRESiDENT
In the Washington DC market, most recent
statistics indicate that unemployment remains the lowest of eight major
cities. In fact, DC is much lower than Boston, Dallas, Miami,
Phoenix, St. Louis, San Francisco and Seattle. More specifically, St. Louis
is 5.6%, and only Miami and Phoenix are less than 4%. Over the past three
months DC remained the lowest of these markets, ranging between 2.9% and
3.1%. At these low rates, it becomes even more important to keep the good
employees you have, as replacing them may be extremely difficult. The pond
from which we all fish is small, and there aren’t very many “good catches” to be
had.
It is time to do a retention check. The
answer may not be to throw money at the problem. If you look at the
Herzberg model for motivating employees, you will find that what they
value, and hence why they remain at their present job, are the intangibles.
Among others, the intangibles include recognition, responsibility,
achievement, advancement and growth. It is not the same benefit and pay
issue that we tend to think about as the solution. Herzberg says these are
the basic motivators that push people to excel and give the worker
increased job satisfaction. As a result, the employee is more likely to
stay in the current position because he/she is getting a high level of
satisfaction from the work.
Remember that in addition to what Herzberg
calls the maintenance factors in the job world there is another side that
he calls motivators. Effective use of the motivators in your organization
may help keep the best and brightest of your work force, and keep you from
fishing in a very small pond for replacement workers.
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Greetings!
Welcome
to the May 2006 edition of DiRECTIONS. In this issue Tim discusses the
effects of low unemployment on businesses and offers solutions that aid
with employee retention.
Next,
we introduce a great offer from Costco, one of HRi's corporate partners. Then
we offer special summer deals to HRi clients and employees for several
amusement parks including Six Flags, Busch Gardens, Hershey Park and
King's Dominion.
Finally,
we discuss the benefits of direct deposit, and then invite you to
participate in our Employee Motivation Survey.
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Amusement Park Discounts!
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HRi has partnered with Shamu Club and
Club Busch Gardens! Shamu Club and Club Busch Gardens are the
complimentary corporate membership programs of the Anheuser-Busch
Adventure Parks, offering special savings and vacation deals to many
parks across the county. Admission discounts, exclusive offers and special
events for Club members are all available online -- just a click away!
To take advantage of these special offers, click here
to sign up. Enter 1544045 when asked to supply your Company Code.
In
addition to Busch Gardens and Sea World, HRi is proud to offer special
deals and discounts to Paramount's Kings Dominion. Click here
to login to the Corporate Partner page. The code is FCLUB1.
HRi
has also partnered with Hershey Park and Six Flags for fantastic
park savings coupons. If you’re planning a
day trip to either of these great parks, please contact your HRi Client
Service Specialist to request coupons.
Enjoy
the parks and have a safe, fun-filled summer!!
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Benefits of
Direct Deposit
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 Did you know
that taking advantage of Direct Deposit provides a safe and secure way
to receive your paycheck? Both employers and employees benefit from
this service in the following ways:
Employers:
· Provides a simplified Account
Reconciliation Process. Account statements have a single dollar amount
for the total amount of the direct deposit transactions versus
individual check amounts to reconcile.
· Eliminates manual check preparation,
reducing administrative cost.
· Payments never get lost or stolen.
· Increases productivity because
employees spend less time away from work cashing or depositing payroll
checks.
Employees:
· Limits fraud due to decreased
potential for counterfeit checks, stolen checks or signature plates,
altered amounts, and forged signatures.
· Eliminates risks associated with
paychecks, such as cashing problems and lost or stolen checks.
· Eliminates check cashing fees.
If you are not taking advantage of
direct deposit, contact you Client Service Specialist, or visit our
website for an enrollment form.
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