Worker Retention Plans: Are You Throwing Your Cash Away?

The battle over how to keep the toothpaste lid open isn’t really about the lid. This is a strange place to talk about retention, but it will make sense. Stay with me.

What is it really about

Struggle is really about lack of respect, care, love, support, or not being heard. The lid is the symptom, and the emotions that flow under it lead to the root of the problem. Employee retention is the same.

The lack of engagement and high turnover rates that are so costly to businesses are the symptom of a bigger problem, but unfortunately the root of the problem is not addressed. If the real problem isn’t addressed, it doesn’t matter how good your loyalty plan is, it won’t work and you will be throwing money away.

Where to start

When we think of people who are passionate about their calling or cause – entrepreneurs and volunteers are great examples – we see that they work long hours for little or no salary. They do it because it is so important to them. It’s a bigger part of them, and that’s what a lot of companies are missing.

Employees can live out at least part of their purpose through the companies they work for, but if they can’t see how they do it with their job, they don’t have the same thing engagement as they would otherwise. That means they’re much more likely to look elsewhere.

So instead of pumping money into loyalty plans, what if companies instead started by developing a compelling vision that gets their employees to lean on them when communicating, and then defining the values ​​that guide that vision?

These two things give people a reason to get excited about the company they work for, and since the values ​​are at the forefront of all activities, employees also have clear and very simple guidance on how to behave and what to do should means doing the right thing in the company. When people know they are doing the right thing and everyone else around them is doing the same thing, they will feel more confident and satisfied. Which means they are much more likely to stay. I recognized this through my business trip with my company Kardia.

Take it to the next level

If companies then put money into developing programs that help their employees define and understand their own personal values ​​and how those values ​​align with their work, loyalty would be higher because each person could clearly see how and why that is Company they work for matches them personally and also helps them realize their bigger vision for their lives.

In addition, they could better measure their personal and professional progress towards their goals. And why should they want to go in that case?

Storage problem solved!

Then all you add to a loyalty plan is the icing on the cake and makes it even sweeter to stay around.

Packing

Loyalty plans work much better when they start in the right place. So before you allocate more budget to your budget, ask yourself: Do your people understand the broader vision for the company? Is this vision compelling? Does everyone on your team live by your values? If you answered no to any of these questions, start there. Then develop your retention plan.

Author: Christian Hiscock

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Will throwing cash at drivers resolve the trucker scarcity downside? – RetailWire

July 30, 2021

A truck driver shortage, which has contributed to the ongoing disruption in the supply chain, has been a challenge for over 15 years and is only expected to get worse.

The American Trucking Associations (ATA) said prior to the pandemic that The trucking industry faced a shortage of nearly 61,000 drivers and would need to hire around 1.1 million new drivers over the next decade to keep pace with rising freight demand.

Noisy AT A, the problem can be seen in the relatively high average age of truckers – 46 – and the fact that only seven percent of truckers are women. Extensive regulations, the pressure to make deliveries on time, and long absences from home have long dampened the truck driver’s career.

More recently, headlines about the potential of autonomous driving may have put off young applicants. The shift to e-commerce accelerated by the pandemic has allowed long-haul truckers to step into positions on UPS, FedEx or Amazon.com that more regular routes close to where they live.

To meet demand, private fleets have increased truck driver wages from $ 73,000 in 2013 to more than $ 86,000, according to one ATA survey.

As CNN However, as recently reported, the salary increases are causing many drivers to move from one company to another, implying an annual turnover rate of 95 percent for truck load carriers. With the extra pay, some choose to work less in order to spend more time at home.

Legislators could be urged to improve working conditions for truck drivers. In the UK, the government has just relaxed the rules on how long truck drivers can work. The ATA urges regulators to lower the minimum age for truck drivers from 21 to 18.

Dollar general began offering truck drivers a signing bonus of $ 5,000 in mid-July, which was to be paid out within the first six months of their employment.

Walmart began to offer $ 8,000 sign up bonuses In April for drivers who promise to earn up to $ 87,500 in the first year. Walmart’s offerings included activity, training and mileage payments from day one; quarterly bonuses for safe driving; weekly home time; and up to 21 days of paid time off in the first year.

DISCUSSION QUESTIONS: Will higher and higher wages likely be the most useful in addressing the trucking shortage, or does retail need to re-prioritize careers in other ways? What less obvious solutions do you see?

Brain trust

“Improving working conditions and the time pressure truckers have to work in is the only way to attract truckers.”

wpDiscuz

Throwing cash on the voters | Native-news

WEST CHESTER – Two Democratic mayoral candidates spent a lot of money on their primary campaigns on May 18th.

As part of the required campaign financial report, alleged Democratic candidate Lillian DeBaptiste reported that her campaign spending on May 3 was $ 16,461 and she had raised $ 26,051.

The election results are not official until they have been approved by the Chester County Board of Elections.

The May 3 campaign cost Interim Mayor Jordan Norley about $ 25,000. Most of DeBaptiste’s expenses were covered by donors, while a large part of Norleys was borrowed by the candidate for the campaign and may be paid for by Norley if other donors have not already or not yet contacted.

Notably, there was 15 days of campaigning between the May 3 reporting period and the primaries. Candidates will report final spending numbers next month.

Unofficially, Norley received 656 votes and spent about $ 25,000, which cost $ 38.10 per vote. DeBaptiste received 996 votes and with approximately $ 16,461 spent, invested $ 16.53 for each of their votes.

The third-place candidate, Kyle Hudson, was chosen by 248 voters. Contributors contributed $ 2,552 and in-kind donations of $ 3,029 through May 3, with a cost of $ 22.50 for each vote collected by Hudson.

Norley talked about why he spent so much on a job that pays $ 4,000 a year.

“Using some of my personal finances for this campaign was a personal investment in our initiatives and our community throughout the campaign,” said Norley. “Even though we know the results of elementary school, I will always put my money where my mouth is and it has helped us highlight and promote initiatives such as rail restoration and our renewable energy goals.”

Norley also said the email voting “changed the game”. He sent mailers so that all voters would get the message before they posted a ballot.

“Voting by email made it more expensive to run a professional campaign,” said Norley.

DeBaptiste noted that this was her first experience while running for political office. She also said the pandemic changed the campaign.

She was unable to run large fundraising drives and meet and greet voters one by one.

“Our team set out to do a few small, intimate meet-and-greets for 12 people or less, but we haven’t had the opportunity to have larger ones,” she said. “COVID has made it difficult to meet voters.

“It became more difficult to impress the voters.”

The DeBaptiste campaign, the candidate said, bought digital and print advertising and sent literature “to make a difference and put you in front of the voters”.

Almost all editions of the DeBaptiste campaign were contributed by supporters.

“Fortunately, I have many friends, loved ones, and supporters who believed in me enough to contribute, and many of them contributed for the first time because they were so excited that I ran,” he said. “However, I was really grateful for all the funds raised.

“I realized what it takes to hold elections.”

DeBaptiste said that running for political office should be open to all and should not be viewed as an “elitist sport”.

“Campaign reform really needs to be addressed,” she said. “If you can’t raise the money, how can you run for office?”

Tom Chambers was elected Mayor in 1977, 1985 and 1989. His 1989 election campaign cost about $ 6,000.

“Money and politics have become a big problem,” he said. “That kind of money sounds extreme or obscene.

“When you spend that kind of money in an elementary school, in a local election, and in a town like West Chester, it’s a bit of a problem. Money shouldn’t be the deciding factor. “

Mayor Norley took Dianne Herrin’s position as mayor when she was elected as state representative.

She said the Mayor of West Chester should be getting a salary, not just the $ 4,000 annual stipend.

“Our city has grown considerably and the city needs and expects a mayor who has the skills and can use their time and expertise for the community,” said Herrin. “The $ 4,000 annual scholarship excludes many people from running.

“If you don’t have a lot of financial resources, you just can’t do this.”

No Republicans were listed in the main vote. Businessman Eric Lorgus is campaigning to run for independent in the November election.

COMMENTARY: Throwing cash at wealthy | Opinion

Second, it’s a marketplace with government-subsidized demand (through the guaranteed loans) and limited supply – making tuition fees unnecessarily high. In essence, all of this boils down to college being more expensive than it should be and many places that offer a worthless product survive.

Many of the people who are in student debt from worthless degrees didn’t know what they were getting into. It is not inappropriate to view this as a fraud. It is not inappropriate to provide material support to these people as we could materially support the victims of another scam.

But we should focus our political energy on stopping the fraud company as a whole. If we only pay off the scammers, then it’s only worthwhile for scammers to set up a business. Because of this, any bona fide effort to combat the higher education problem must take into account the government incentives for bad schools to keep selling worthless degrees.

Non-targeted student loan forgiveness would do nothing to address the poor graduate incentives. This alone would make these incentives worse. So, untargeted forgiveness would at best be a mere transfer of wealth. And despite the way boosters talk about it, it would be a wealth transfer that would go mostly to the highest earning people in the country.

Economists Sylvain Catherine and Constantine Yannelis have estimated that in untargeted universal forgiveness plans, half of the wealth transferred would go to people in the top 30 percent of the income distribution. Even untargeted lending of as little as $ 10,000 would result in a carryover that goes mostly to above average earners. Instead of going to the people who have been betrayed by bad schools, this would mostly just be a payoff for the rich.