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Re-Open Saskatchewan Training Subsidy Ending


ATTENTION BUSINESS OWNERS

Funding for the Re-Open Saskatchewan Training Subsidy is scheduled to end this Wednesday, March 31, 2021.

Employers are eligible to receive 100% reimbursement for approved training up to $10,000.

Take action this week to provide training opportunities for your staff.

Check out these two training programs:

Engage and Mobilize Employees Program

Service Best (Customer Service)

To apply for the Re-Open Saskatchewan Training Subsidy

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Get Your Free Employee Engagement Self-Assessment  

Get your free Employee Engagement Self-Assessment.

The impact of employee engagement or rather disengagement is hitting businesses’ bottom line hard.

In fact, the lack of employee engagement is a billion dollar problem.

According to Canada Human Resources Centre, unhappy workers cost the North American business economy over $350 billion per year in lost productivity.

Is your organization struggling with effectively engaging employees? If yes, read on.

While there is no quick fix, the first step is to find out if your organization has challenges with employee engagement.

For instant insights, we invite you to take our free Employee Engagement Self-Assessment.

 

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How much does employee disengagement cost you and your organization?

 

How much does employee disengagement cost you and your organization?

The Management Journal’s semi-annual Employee Engagement Index reports that 60% of employees are not engaged, and 15% are actively disengaged at work and only 25% are actively engaged.

According to Forbes, the costs of a disengaged employee is equivalent to 34% of their annual salary, or $3,400 for every $10,000 of income.

If we applied this to the average Canadian salary of $55,800 a year, the costs of a single disengaged employee to the business is going to be $18,972 annually.

Let’s apply this to an entire organization.

  • Let’s say you lead an organization of 100 people.
  • If we use the Employee Engagement Index which states only 25% of employees are actively engaged, then 75 employees are disengaged at your organization.
  • If we use the average salary of those employees as $55,800 then this employee disengagement is costing your organization annually:  $1,422,900 ($18,972 X 75 people.)

Are you surprised by the magnitude of this cost? What is the actual cost to your organization? Are you OK with the return on this investment?

This example demonstrates that there are concrete costs due to employee disengagement. What actions are you going to take to re-engage with your employees?

While there is no quick fix, there are simple leadership practices that can produce immediate improvements in engagement.

Our Engage and Mobilize Employees Program focuses on simple but powerful behaviours that will have maximum impact on a leader’s ability to engage his or her employees.

For more information and to register: Engage and Mobilize Employees Program.

Your organization may be eligible for funding through the Re-Open Saskatchewan Training Subsidy. Employers receive 100% reimbursement for approved training up to $10,000. The deadline to apply for the Training Subsidy is March 31, 2021.

 

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Lack of employee engagement is a billion dollar problem

The lack of employee engagement is a billion dollar problem.

According to Canada Human Resources Centre, unhappy workers cost the North American business economy over $350 billion per year in lost productivity.

Employee engagement impacts employee morale, productivity, innovation and problem solving and customer service. Any one of these can impact the business bottom line.

Is your organization struggling with effectively engaging employees? Could employee engagement be better? If yes, how will you improve employee engagement?

While there is no quick fix, there are simple leadership practices that can produce immediate improvements in engagement.

Our Engage and Mobilize Employees Program focuses on simple but powerful behaviours that will have maximum impact on a leader’s ability to engage their employees.

For more information and to register: Engage and Mobilize Employees Program

Your organization may be eligible for funding through the Re-Open Saskatchewan Training Subsidy. Employers receive 100% reimbursement for approved training up to $10,000. The deadline to apply for the Training Subsidy is March 31, 2021.

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The lack of employee engagement is a billion dollar problem

We are happy to recognize that today, March 5, is National Employee Appreciation Day.

We hope that you have been able to take action on some of the employee engagement ideas we have offered this past week.

Employee engagement impacts employee morale, productivity, innovation and problem solving and customer service. Any one of these can impact the business bottom line.

In fact, the lack of employee engagement is a billion dollar problem.

The Management Journal’s semi-annual Employee Engagement Index reports that 60% of employees are not engaged, and 15% are actively disengaged at work and only 25% are actively engaged.

The impact of employee engagement or rather disengagement is hitting businesses’ bottom line hard.

According to Canada Human Resources Centre, unhappy workers cost the North American business economy over $350 billion per year in lost productivity.

A study conducted by  Queen’s School of Business and Gallup, found that disengaged workers logged 37% higher absenteeism, 18% lower productivity, 5% lower profitability, 49% more accidents and 60% more errors and defects than engaged employees.

So how much is this disengagement costing you and your organization? According to Forbes, the costs of a disengaged employee is equivalent to 34% of their annual salary, or $3,400 for every $10,000 of income.

If we applied this to the average Canadian salary of $55,800 a year, the costs of a single disengaged employee to the business is going to be $18,972 annually.

While there is no quick fix, there are simple leadership practices that can produce immediate improvements in engagement.

We are offering a program that focuses on simple but powerful behaviours that will have maximum impact on your leaders’ ability to engage. For more information on our new Employee and Mobilize Engagement Program https://lnkd.in/gQdvVH4

In the meantime, take this free Employee Engagement Self-Assessment for Instant Insights:

Employee Engagement Self-Assessment
for Instant Insights



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    Support staff to thrive in their zone of genius

    “It goes without saying that no company, small or large, can win over the long run without energized employees who believe in the mission and understand how to achieve it.” – Jack Welch, former CEO of GE

    Do you help your employees understand how important their work is to the business success?

    If not, you may be missing out on your employees’ best efforts. It is energizing to know when your natural abilities contribute to achieving a mission. This brings purpose to the work. Using natural abilities is the ‘zone of genius’ where employees excel!

    Take Action – To help your employees thrive in their zone of genius, share how their talents and work contribute to the organization’s purpose and mission.

    Check back for more tips to take action as we build towards National Employee Appreciation Day, Friday, March 5th

    Increase your skills to more effectively engage your employees. For more information on our new Employee and Mobilize Engagement Program

    Your organization may be eligible for funding through the Re-Open Saskatchewan Training Subsidy. Employers receive 100% reimbursement for approved training up to $10,000. The deadline to apply for the Training Subsidy is March 31, 2021.

     

     

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    Regularly recognize your employees’ performance


    According to the Cicero Group, research shows that employees receiving strong performance recognition are much more likely to be highly engaged at their job. They are also more likely to perform at their maximum output and develop innovative ways to improve their company.

    Do you make it a practice to regularly recognize your employees’ performance?

    If not, you may be missing out on supporting your employees to use their strengths towards their best performance.

    Take Action – Take the time to personally get to know your employees so you know how they prefer to be acknowledged. Then acknowledge your employees often!

    Check back here for another employee engagement tip to take action as we build towards the big day: National Employee Appreciation Day on Friday, March 5th.

    Increase your skills to more effectively engage your employees.
    For more information on our new Employee and Mobilize Engagement Program

    Your organization may be eligible for funding through the Re-Open Saskatchewan Training Subsidy. Employers receive 100% reimbursement for approved training up to $10,000. The deadline to apply for the Training Subsidy is March 31, 2021.

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    Importance of showing appreciation for your staff  

    “You never know when a moment and a few sincere words can have an impact on a life.” – Zig Ziglar

    Do you regularly show appreciation for your staff members?

    If not, you could be losing an opportunity to provide encouragement.

    Tip – A simple thank you can make them feel more valued in the workplace and also brighten up their day!

    Check back here for another Employee Engagement Tip as we build towards the big day: National Employee Appreciation Day on Friday, March 5th.

    Increase your skills to more effectively engage your employees.

    For more information on our new Employee and Mobilize Engagement Program:

    Your organization may be eligible for funding through the Re-Open Saskatchewan Training Subsidy. Employers receive 100% reimbursement for approved training up to $10,000. The deadline to apply for the Training Subsidy is March 31, 2021.

     

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    Unsupported Leader Transitions: A High Stakes Game

    The struggles faced by leaders in transition have immense impact on the business. These struggles can reduce the productivity, performance and engagement of the new leader which can ripple out into the organization. This can potentially jeopardize whole programs and services.

    Businesses with leaders in transition must be vigilant to identify issues which can impact productivity, morale, relationships, performance and revenue. A focused effort to manage and correct will be required.

    Based on our experience and current leadership research, we strongly believe that leadership development supports leaders and their organizations to be more successful.

    According to the Center for Creative Leadership, substantial investments in leadership development drive performance and gain competitive advantage in four ways:

    1. better financial performance
    2. better talent management
    3. improved strategy execution and
    4. better change management.

    Risks are created as leaders struggle and the stakes are high. If struggles are not addressed, there will continue to be risks to the business.

    Here are some questions to help you think about ways to support your leaders in transition:

    • What are your leaders struggling with?
    • What do you have in place to support them?
    • How are you setting up the leader and their team for success?
    • How do you help your leaders quickly develop their skills?
    • How do you help your leaders learn to manage and influence the organization?

    For further questions to assess your current business situation and the risks and impacts of your leader transitions.

    Find out more about the risks of leader transitions at the free ‘Leader Transition Is Risky Business’ Lunch and Learn, January 27, 2021.

    Register today.

     

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    Leader Transition is Risky Business

    There are many reasons for leader transition – new position, retirement, promotion, development, and unfortunately death. The majority of transitions create significant challenges for business continuity, financial stability, and business growth.

    A change in leadership is a time of flux and change for everyone – the leader and the team.  These transitions create potential risks at every level of the organization and profitability, productivity and positivity can be negatively affected. In fact, research has shown that nearly 50% of leader transitions fail.

    Leader transition research conducted by Kathleen Ozmun and Marielle Gauthier, found that the financial costs to the businesses if the transition failed were significant – from tens of thousands to more than $3 million dollars.

    Here are some questions to consider regarding your current situation:

    • How prepared are you to manage the leader transitions in your business?
    • How much risk is there for your business if you were to lose key leaders?
    • How urgent is it for you to have a plan to successfully transition your leader?
    • What might prevent you from putting a plan in place to support your transitioning leaders?
    • What can you do today to prepare?

    Find out more about the risks of leader transitions at the ‘Leader Transition Is Risky Business’ Lunch and Learn, January 27, 2021. Register Now