Tag Archives: Workplace Management

Are Counter Offers Counter Productive?

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Whether you were caught off guard completely or just finally facing the inevitable, if a strong producing member of your team just gave notice your mind is likely reeling. Before emotions play a role in your response, it’s important to consider the long term effects of producing a counter offer.

 

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More often than not, the employee is not leaving their position strictly based on pay.

Considering that salary doesn’t even make most lists for the top 10 reasons employees quit, it shouldn’t be the first band aid you seek. In fact, in many cases the repercussions of presenting a counter offer can cause further detriment to your team. Here are just a few reasons why:

  • It can demonstrate to employees that they have to threaten to leave in order to be compensated better.
  • Instead of working towards addressing the real issue of why the employee is choosing to leave the organization, you are asking them to instead take a pay increase in lieu of a resolution.
  • The employee may experience rapport loss with co-workers if they become aware of the situation.

Results show that a staggering 90% of employees who accept a counter offer, leave the organization within one year.

Undoubtedly, there is a better solution. Consider a thorough exit interview process. The exit interview process should be far more than having the employee complete a survey. The results should be tracked by department, by category, and a team of leaders should look for common trends and solutions. Using this information wisely can significantly reduce your turnover as an organization.

Want to learn more about how you can gain access to Trillium’s national network of top level talent? Contact us today! If you are a stand out in your profession and seeking contingent or long term career opportunities, visit our job seekers section for more information!

Trillium, a national leader in staffing and recruitment is a valued staffing partner to over 5,000 companies nationwide. Trillium is privately owned by Oskar René Poch.

The Costs of Delayed Reporting of Workers' Compensation Claims!

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Does your organization make timely reporting of workers’ compensation claims a priority? Studies have demonstrated the costly effects of delayed reporting for organizations in the United States. The costs of delayed reporting will vary by employer based on the fact that each claim is different, each employee is different, and each injury may involve different circumstances. However, regardless of the nature of your business there is a direct correlation between the reporting time and the cost of the claim.

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The faster a workers’ compensation claim is received by the adjuster, the faster and more controlled the process is. The adjuster is able to conduct a thorough investigation while the facts of the claim are still readily available, before the employee and any witnesses may forget key details that are critical to the claim. Prompt reporting can also help to eliminate any delays in providing appropriate medical care and wage benefits to the injured employee.

Recent data released by Sedgwick Claims Management Services Inc. found:

  • Claims that close within 30 days of occurrence cost an average of $287 and about 90% of those claims will remain medical-only cases.
  • Claims that remain open 31-90 days jump to an average cost of $722.
  • Claims that remain open 181-365 days jump to an average cost of $6,875

A recent study completed by NCCI on lag time also found:

  • Week two after the date of the incident cost an average of 18% more than claims reported during the first week.
  • Weeks three and four following the date of the incident averaged a 30% increase in claims cost.
  • After four weeks the costs increased an average of 45% higher.

Making sure your staff is familiar with the importance of quickly reporting any incidents and injuries is key to controlling your costs. Any injury regardless of it’s initial significance should follow the same reporting process that should be clearly outlined in the employee handbook and regularly posted in break rooms and other common areas.