Sunday, June 5, 2011

Just-in-time training

Just-in-time training (JITT) is employee training immediately prior to its usage in production. The advantage to implementing JITT is the shortened time between learning and application. JITT is usually offered and deployed through automated software training systems. When an employee requires new training, they log in to the appropriate software library and begin learning.
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Saturday, June 4, 2011

Right to Work laws

Right to Work laws secure the right of employees to decide for themselves whether or not to join or financially support a union. Before passage of right to work laws as part of the Taft-Hartley Act of 1947, an employee opting for non-union status could be fired even if the employee did not violate any of the employer's rules. There are currently twenty-two states with right to work provisions.
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Friday, June 3, 2011

Stock Options

Stock Options are options to purchase a predetermined number of company stock shares at a future date. The stock option owner gains if the company's stock price rises above the option price thus providing an incentive to improve the company performance and associated stock price. Stock options are usually vested over a period of time in order to compel employees to stay with the company.
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Thursday, June 2, 2011

Defined contribution plans

A defined contribution plan is a retirement plan wherein a certain amount or percentage of money is set aside each year for the benefit of the employee. The benefits are based on the amount contributed and are also affected by income, expenses, gains and loses. Some examples of defined contribution plans include 401(K) plans, 403(b) plans, employee stock ownership plans and profit sharing plans.
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Wednesday, June 1, 2011

Unfilled jobs

A vacated or unfilled job within an organization results in tangible, measurable costs as well as intangible costs. The intangible costs include the uncompensated increased workloads other employees assume during the vacancy, the added stress and tension during and after the turnover, declining employee morale, and decreased work group synergy.
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Tuesday, May 31, 2011

Core employees

Core employees are permanent, traditional employees who have the critical skills necessary for an organization's continued existence. These employees guide the company's strategies for the future. Core employees are surrounded by a flexible ring of contingent workers who handle non-core work.
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Monday, May 30, 2011

Rudeness in the workplace

Rudeness in the workplace can cost an organization time, effort and talent, according to a survey conducted by the University of Southern California's Marshall School of Business. More than 90% said they had experienced incivility at work. Of these, 50% say they lost work time worrying about the incident, 50% contemplated changing jobs to avoid a recurrence, and 25% cut back their efforts on the job.
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